Barry Haimes's questions to NN (NNBR) leadership • Q2 2025
Question
Barry Haimes of Sage Asset Management inquired about how NN Inc.'s new business opportunity set has evolved over the past three to six months, specifically in light of global supply chain shifts and tariffs.
Answer
CEO Harold Bevis confirmed that tariff-related RFQs have become more substantial. He identified two primary trends driving opportunities: U.S. and Mexico-based inquiries to meet USMCA compliance, and requests from European customers to move production to China to lower costs. Bevis noted this has significantly increased the company's prospecting pipeline, particularly for automotive components.