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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CHARLOTTE, N.C., May 1, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will release first quarter 2020 financial results for the period ended March 31, 2020 after the close of the market on Thursday, May 7, 2020. Management will hold a conference call at 9 a.m. ET on Friday, May 8, 2020 to review the Company’s results. The […]
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CHARLOTTE, N.C., April 16, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR) (“NN” or the “Company”), a diversified industrial company, today announced that its Board of Directors has adopted a limited duration rights plan (the “Rights Plan”). In adopting the Rights Plan, the Board of Directors has taken note of the substantial increase in market volatility and uncertainty as a result […]
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CHARLOTTE, N.C., April 6, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that due to heightened macroeconomic uncertainty as a result of the COVID-19 outbreak, the Company is withdrawing full-year 2020 financial guidance, previously issued on March 12, 2020, as the relative stability in the North American and European markets on that date has now […]
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Full Year Net Sales Increase 10% to $847.5M Driven by Sales from Acquired Businesses and Organic Growth in Life Sciences CHARLOTTE, N.C., March 12, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the fourth quarter and the year ended December 31, 2019. GAAP Results Fourth Quarter 2019 GAAP net sales […]
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CHARLOTTE, N.C., March 5, 2020 /PRNewswire/ — NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will release fourth quarter and full year 2019 financial results for the period ended December 31, 2019 after the close of the market on Thursday, March 12, 2020. Management will hold a conference call at 9 a.m. ET on Friday, March 13, 2020 to review the […]
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CHARLOTTE, N.C., Feb. 18, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its Board of Directors has appointed Warren Veltman President and Chief Executive Officer, effective immediately. Mr. Veltman has served as NN’s interim President and CEO since September 16, 2019. Robert Brunner, Chairman of the Board, said, “Following a […]
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Director David L. Pugh to Retire CHARLOTTE, N.C., Feb. 3, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its board of directors has voted to expand the board by appointing Ray Benvenuti, Founder and Managing Director of Concord Investment Partners, as an independent director of the Company. It is the […]
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CHARLOTTE, N.C., Feb. 3, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its board of directors has voted to expand the board by appointing Ray Benvenuti, Founder and Managing Director of Concord Investment Partners, as an independent director of the Company. It is the board’s intention to nominate Mr. Benvenuti, along with the other independent […]
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