Life Sciences remains strong; impact of General Motors strike, automotive headwinds and economic uncertainty are expected to affect fourth quarter results CHARLOTTE, N.C., Oct. 29, 2019 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today provided an update on its expectations for its third quarter 2019 financial results and revisions to certain of […]
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Expected to Yield Approximately $32 Million in Annualized Cash Savings CHARLOTTE, N.C., Oct. 21, 2019 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced expense reduction and cash savings initiatives to help the Company continue to pay down its debt and support greater growth by reinvesting in its businesses. The initiatives are […]
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CHARLOTTE, N.C., Sept. 26, 2019 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that Carey Smith, Chief Operating Officer of Parsons Corporation, which recently went public in May of this year, is stepping down from the NN Board of Directors, effective November 14, 2019. Ms. Smith is departing due to her […]
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CHARLOTTE, N.C., Sept. 16, 2019 /PRNewswire/ –NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its Board of Directors has appointed Warren Veltman, Executive Vice President of the Company’s Mobile Solutions group, as the Company’s interim President and Chief Executive Officer, effective immediately. He succeeds Richard Holder who, by mutual agreement with the […]
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CHARLOTTE, N.C., Aug. 30, 2019 /PRNewswire/ –NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on September 23, 2019, to stockholders of record as of the close of business on September 9, 2019. NN, […]
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CHARLOTTE, N.C., Aug. 27, 2019 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced the approval of the appointment of Thomas DeByle as the Company’s Senior Vice President and Chief Financial Officer, which is anticipated to be effective on or before September 23, 2019. Mr. DeByle brings over 30 years of public company […]
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CHARLOTTE, N.C., Aug. 15, 2019 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Power Solutions group will close its facility in Fairfield, Ohio by the end of 2019. The move aligns with the Company’s strategic focus on operating excellence and efficiency as part of the NN Operating System. Richard Holder, […]
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CHARLOTTE, N.C., Aug. 8, 2019 /PRNewswire/ –NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2019. GAAP Results Second Quarter Net sales for the second quarter of 2019 increased $25.3 million, or 12.9% to $221.7 million, compared to $196.3 million for the second quarter of […]
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CHARLOTTE, N.C., July 22, 2019 /PRNewswire/ –NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will release second quarter 2019 financial results for the period ended June 30, 2019 after the close of the market on Thursday, August 8, 2019. Management will hold a conference call at 9 a.m. ET on Friday, […]
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CHARLOTTE, N.C., June 17, 2019 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, announced that on June 11, 2019, it entered into an amendment to its Amended and Restated Credit Agreement. The amendment reduced the amount available under the Company’s senior secured revolver and increased the consolidated net leverage ratios for quarterly periods ending […]
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