Fourth Quarter Net Sales Increased 7.5% Over Prior Year, Driving EBITDA to $16.8 million on an Adjusted Basis CHARLOTTE, N.C., March 11, 2021 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the fourth quarter and full year ended December 31, 2020. Fourth-Quarter Results For the fourth quarter, NN posted solid improvements […]
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Dr. Kuran Brings Significant Expertise in Smart Grid and Renewable Energy Trends to the Company’s Board CHARLOTTE, N.C., March 9, 2021 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced that Dr. Shihab Kuran has been named to its Board of Directors, effective March 8, 2021. Dr. Kuran brings nearly three decades of global experience in a broad […]
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CHARLOTTE, N.C., Feb. 18, 2021 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced that it will release fourth quarter and full year 2020 financial results for the period ended December 31, 2020, after the close of the market on Thursday, March 11, 2021. Management will hold a conference call at 9 a.m. ET on Friday, March 12, 2021, to review […]
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CHARLOTTE, N.C., Dec. 8, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that Jeri Harman has been named Board Chairman, effective January 4, 2021. She will succeed Robert Brunner, who will continue to serve on NN’s Board as a Director. Mr. Brunner commented, “NN’s recently completed strategic transformation has enabled the Company to begin a new stage as a […]
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CHARLOTTE, N.C., Oct. 6, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that it has successfully completed the sale of its Life Sciences division to affiliates of American Securities LLC for the purpose of being combined with MW Industries, one of its portfolio companies. As previously disclosed, NN plans to use the estimated $700 million in net proceeds from the […]
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Transaction strengthens NN’s balance sheet by accelerating its ability to de-lever and provides the Company with enhanced financial flexibility to deliver long-term shareholder value through its Power Solutions and Mobile Solutions businesses CHARLOTTE, N.C., Aug. 24, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced a definitive agreement under which NN, Inc.’s Life Sciences division will be […]
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Free cash flow improved by $9.1 million compared to prior yearAmended debt agreement enhances financial flexibility CHARLOTTE, N.C., Aug. 6, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2020. GAAP Results Net sales for the second quarter of 2020 decreased $71.2 million, or 32.1%, to $150.4 million, compared […]
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CHARLOTTE, N.C., July 30, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will release second quarter 2020 financial results for the period ended June 30, 2020 after the close of the market on Thursday, August 6, 2020. Management will hold a conference call at 9 a.m. ET on Friday, August 7, 2020 to review the Company’s results. The […]
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Implemented additional cost savings initiatives to increase financial flexibility and liquidity positionSignificantly improved free cash flow by $15.7 million CHARLOTTE, N.C., May 7, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2020. GAAP Results Net sales for the first quarter of 2020 decreased $13.5 million, or […]
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CHARLOTTE, N.C., May 6, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that in response to the COVID-19 pandemic and the urgent need for personal protective equipment, Paragon Medical, a division of NN Life Sciences headquartered in Pierceton, Indiana, has designed and released an intubation shield for healthcare workers. The intubation shield provides a […]
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