JOHNSON CITY, Tenn., Oct. 2, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced it has completed the acquisition of DRT Medical, LLC, a supplier of precision manufactured medical instruments and orthopedic implants, from DRT Holdings, Inc. Financial terms of the transaction were not disclosed. Richard Holder, President and CEO commented, “We […]
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JOHNSON CITY, Tenn., Sept. 22, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will relocate its global headquarters to Charlotte, North Carolina from Johnson City, Tennessee. The move supports NN’s strategy of building a diversified industrial business through improved access to customers, the availability of advanced infrastructure and enhanced logistics. Richard Holder, President and CEO, commented, “Relocating our […]
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Aligns with Strategy of Building Global Diversified Industrial BusinessWill Maintain Operations in Tennessee JOHNSON CITY, Tenn., Sept. 22, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will relocate its global headquarters to Charlotte, North Carolina from Johnson City, Tennessee. The move supports NN’s strategy of building a diversified industrial […]
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JOHNSON CITY, Tenn., Sept. 6, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that the Company is hosting its fourth annual investor day on Thursday, September 28, 2017 at the Westin Grand Central in New York from 9:00 a.m. to approximately 12:00 p.m. EST. The event will feature presentations from President […]
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JOHNSON CITY, Tenn., Aug. 17, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that the Company has successfully completed its previously announced divestiture of the Precision Bearing Components Group (PBC) to Tsubaki Nakashima, Co., Ltd., for $375 million in cash. Richard Holder, President and CEO commented, “The sale of PBC furthers […]
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JOHNSON CITY, Tenn., Aug. 14, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on September 15, 2017, to shareholders of record as of the close of business on September 1, 2017. […]
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JOHNSON CITY, Tenn., Aug. 2, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2017. GAAP Results Net sales for the second quarter of 2017 increased $11.6 million, or 5%, to $225.9 million, compared to $214.3 million for the second quarter of […]
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– Purchase price of $375 million– Expected to close in the second half of 2017 JOHNSON CITY, Tenn., July 10, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced it has entered into a definitive agreement to sell its Precision Bearing Components Group (“PBC”) to Tsubaki Nakashima Co., Ltd. (“Tsubaki Nakashima”), […]
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JOHNSON CITY, Tenn., July 7, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced that it will release second quarter 2017 financial results for the period ended June 30, 2017 after the close of the market on Wednesday, August 2, 2017. Management will hold a conference call at 9:00 a.m. ET on […]
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JOHNSON CITY, Tenn., May 19, 2017 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on June 16, 2017, to shareholders of record as of the close of business on June 2, 2017. […]
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