John Franzreb

Hans Baldau

Joseph Gomes

Mike Crawford

Barry Haimes

Rob Brown

Thomas Kerr

- NNBR reported **Q3 2025 net sales of $103.9 million** and **adjusted operating income of $4 million**, a significant increase from $1.3 million in the prior year.  **[0000918541_2216130_4]**  Adjusted EBITDA for the quarter was **$12.4 million**, marking a **6.9% increase** compared to the prior year, with margins expanding to **11.9%** of net sales.  **[0000918541_2216130_4]** 
- The company has secured over **$180 million in new business** and grown its sales pipeline to over **$850 million**.  **[0000918541_2216130_1]**  Strategic M&A is underway, with multiple acquisition targets being evaluated to scale and accelerate growth, often in conjunction with refinancing efforts.  **[0000918541_2216130_1]** **[0000918541_2216130_7]** 
- NNBR is formally engaged in discussions to refinance its preferred equity, with a commitment from management to eliminate the preferred stock.  **[0000918541_2216130_1]** **[0000918541_2216130_10]** 
- Working capital management showed significant improvement, ending Q3 2025 under **$80 million**, which is an almost **21% improvement** from Q2 2023.  **[0000918541_2216130_6]** 
- The company has updated its guidance, lowering the outlook for automotive while increasing it for defense, which is expected to result in a positive margin mix shift.  **[0000918541_2216130_7]**  While overall markets remain soft, NNBR anticipates a gradual improvement in auto production and electrical markets, with commercial vehicles expected to rebound in the second half of next year.  **[0000918541_2216130_3]** **[0000918541_2216130_13]**

NNBR Reports Q3 2025 Financial Results and Strategic Progress

- NNBR reported **Net Sales of $103.9 million** and **Adjusted EBITDA of $12.4 million** for Q3 2025, representing an **11.9% margin**.  **[0000918541_2212962:7]** **[0000918541_2212962:14]** 
- **Adjusted Operating Income significantly increased by 207.7% to $4.0 million** in Q3 2025 compared to Q3 2024.  **[0000918541_2212962:14]** 
- The company generated **$9.1 million in Free Cash Flow** during Q3 2025.  **[0000918541_2212962:7]** **[0000918541_2212962:29]** 
- NNBR is pursuing a **strategic M&A program** and has initiated discussions for **preferred equity refinancing** to support future growth.  **[0000918541_2212962:7]** 
- For **full-year 2025**, NNBR maintains guidance for Adjusted EBITDA of **$53 - $63 million** (expecting the lower half), Net Sales of **$420 - $440 million**, and Free Cash Flow of **$14 - $16 million**.  **[0000918541_2212962:19]**

NNBR Reports Q3 2025 Financial Results and Strategic Updates

- NN, Inc. reported **net sales of $103.9 million** for Q3 2025, an 8.5% decrease compared to Q3 2024, primarily due to rationalization in Mobile Solutions, though **Power Solutions sales grew by 4.7%**.  **[918541_0000918541-25-000149_pressrelease2025-q3.htm:0]** **[918541_0000918541-25-000149_pressrelease2025-q3.htm:2]** 
- The company demonstrated improved profitability, with **adjusted operating income rising to $4.0 million** from $1.3 million in Q3 2024, and **adjusted EBITDA increasing to $12.4 million** (11.9% margin) from $11.6 million (10.2% margin).  **[918541_0000918541-25-000149_pressrelease2025-q3.htm:0]** **[918541_0000918541-25-000149_pressrelease2025-q3.htm:2]** 
- **Free cash flow significantly improved to $9.1 million** in Q3 2025, up from $0.3 million in the prior year period, driven by working capital management.  **[918541_0000918541-25-000149_pressrelease2025-q3.htm:0]** **[918541_0000918541-25-000149_pressrelease2025-q3.htm:2]** 
- For the full year 2025, NN, Inc. adjusted its **net sales guidance to $420 to $440 million** but reiterated its adjusted EBITDA guidance of **$53 to $63 million** (guiding to the low-end) and free cash flow guidance of **$14 to $16 million**.  **[918541_0000918541-25-000149_pressrelease2025-q3.htm:2]** **[918541_0000918541-25-000149_q3earningspresentationnn.htm:5]** 
- The company is actively pursuing a **strategic M&A program** and a **preferred equity refinancing initiative** to support future growth and enhance shareholder value.  **[918541_0000918541-25-000149_pressrelease2025-q3.htm:0]**

NN, Inc. Reports Q3 2025 Results with Improved Profitability and Adjusted Full-Year Sales Guidance

- NN, Inc. reported **net sales of $103.9 million** for the third quarter ended September 30, 2025, an **8.5% decrease** compared to the prior year, primarily due to the rationalization of underperforming Mobile Solutions business.  **[918541_2e2d88b4a1944041b2218eef51b43257_0]** **[918541_2e2d88b4a1944041b2218eef51b43257_2]** 
- Despite the sales decline, the company saw significant improvements in profitability, with **adjusted operating income increasing to $4.0 million** from $1.3 million, **adjusted EBITDA improving to $12.4 million** (11.9% margin), and **free cash flow reaching $9.1 million**.  **[918541_2e2d88b4a1944041b2218eef51b43257_0]** **[918541_2e2d88b4a1944041b2218eef51b43257_3]** 
- New business wins totaled **$11.3 million** in Q3 2025, contributing to **$44.4 million** year-to-date, with approximately **$48 million** in expected run-rate value from new program launches.  **[918541_2e2d88b4a1944041b2218eef51b43257_0]** **[918541_2e2d88b4a1944041b2218eef51b43257_1]** 
- The company adjusted its full-year 2025 net sales guidance to **$420 to $440 million** while reiterating adjusted EBITDA guidance of **$53 to $63 million** and free cash flow guidance of **$14 to $16 million**.  **[918541_2e2d88b4a1944041b2218eef51b43257_4]**

NN, Inc. Reports Third Quarter 2025 Results

- NNBR is entering **Phase 2 of its transformation**, focusing on improving margins and profits after structurally rebuilding operating performance and efficiency in Phase 1.  **[0000918541_2172314:5]** **[0000918541_2172314:15]**  The company reported an **adjusted gross margin of 18.2% YTD 2025** and an **adjusted EBITDA margin of 11.1% YTD 2025**, with long-term goals of 20% and 14% respectively.  **[0000918541_2172314:12]** **[0000918541_2172314:21]** 
- The new business program has generated **$182 million in awards YTD 2025** and plans to launch approximately **120 programs in 2025**, supported by a **$750 million new business pipeline**.  **[0000918541_2172314:5]** **[0000918541_2172314:12]** **[0000918541_2172314:15]**  Prior wins are expected to contribute to net sales in **2025/26**.  **[0000918541_2172314:5]** **[0000918541_2172314:15]** 
- Strategic initiatives include a **$15 million cost-out plan for 2025**  **[0000918541_2172314:11]** , successful refinancing of ABL and Term Loan, and ongoing efforts to address preferred equity overhang and de-leveraging.  **[0000918541_2172314:5]** **[0000918541_2172314:15]** 
- NNBR operates globally with approximately **2,600 employees** across **24 facilities** and diversifies its revenue across key end markets, with **40% from Auto Passenger Vehicle** and **20% from Electric Grid and Electric Distribution**.  **[0000918541_2172314:7]** **[0000918541_2172314:9]**

NNBR Enters Second Phase of Transformation with Strong Margin Improvement and New Business Growth

- NN Inc. is currently in "phase two" of a company transformation, led by new leadership that joined approximately two years ago.  **[0000918541_2172566_1]** 
- The company is on track to secure **$200 million of new business by the end of 2025**, having already achieved **$182 million since 2023 through August 2025**.  **[0000918541_2172566_1]** **[0000918541_2172566_3]** 
- Financial performance has shown improvement, with adjusted gross margins increasing from **16.3% to 18.2%** and adjusted EBITDA margins growing from **8.8% to 11.1%** through the second quarter of 2025, with longer-term goals of 20% and 14% respectively.  **[0000918541_2172566_2]** 
- NN Inc. is actively pursuing an M&A strategy to add to its portfolio, deleverage the company, and address its preferred stock overhang, with a goal to complete transactions by the end of 2025 or early 2026.  **[0000918541_2172566_4]** **[0000918541_2172566_7]** 
- The market outlook for 2026 is improving compared to 2025, and tariffs are creating new business opportunities by driving shifts in supply chains.  **[0000918541_2172566_1]** **[0000918541_2172566_4]** **[0000918541_2172566_5]**

NN Inc. Discusses Transformation Progress, New Business Wins, and M&A Strategy

- **NN, Inc.** provided an update on its Aerospace and Defense business, supported by its registration with the U.S. Department of State’s Directorate of Defense Trade Controls (ITAR) and a recently obtained **Federal Firearms License (FFL)**.  **[918541_54d2bd4d01644865bbf2018b7b642915_0]** 
- The FFL allows NN to **produce specific components for firearms manufacturing**, enhancing its ability to serve U.S. and allied defense customers.  **[918541_54d2bd4d01644865bbf2018b7b642915_0]** 
- The company announced a **new business win** and commercial relationship for its North America machining operations with a well-known manufacturer of specialty firearms.  **[918541_54d2bd4d01644865bbf2018b7b642915_0]** 
- NN expects its Aerospace and Defense-related **revenue to increase** as new opportunities emerge across government programs, prime contractors, and aerospace initiatives.  **[918541_54d2bd4d01644865bbf2018b7b642915_1]**

NN, Inc. Provides Update on Aerospace and Defense Capabilities and Announces New Customer

- NN Incorporated reported **$434 million** in LTM sales and **$47 million** in adjusted EBITDA (11%) through Q2, with Q2 sales at **$107.9 million** and adjusted EBITDA margins at **12.2%**.  **[918541_2145453_1]** **[918541_2145453_6]**  The company aims to achieve **13% to 14% EBITDA margins**.  **[918541_2145453_2]** **[918541_2145453_4]** 
- The company is actively pursuing organic growth, having secured **$182 million** in new business wins since Q2 2023, with a target of **$200 million** by the end of 2025.  **[918541_2145453_4]**  Its new business pipeline stands at **$750 million**, with new awards averaging **5% higher gross margins** than the company average.  **[918541_2145453_4]** **[918541_2145453_8]** 
- NNBR is executing a five-year plan to scale the company to over **$1 billion**, including M&A activities focused on diversifying into consumer, defense, industrial, and aerospace markets, while avoiding increased automotive exposure.  **[918541_2145453_2]** **[918541_2145453_6]** **[918541_2145453_8]** 
- Operational improvements have led to an increase in adjusted gross margins from **16.3% in 2023** to **18.2% in H1 2025** and adjusted EBITDA margins from **8.8% to 11.1%**, driven by shedding unprofitable operations, closing two plants, and a 2025 cost savings plan targeting **$15 million**.  **[918541_2145453_4]** **[918541_2145453_5]**

NN Incorporated Outlines Strategic Repositioning and Growth Initiatives

- NN, Inc. reported **$434 million** in sales and **$47 million** in Adjusted EBITDA on a trailing twelve-month (TTM) basis as of **Q2 2025**, achieving an **11%** Adjusted EBITDA margin.  **[918541_0001104659-25-090035_tm2526033d1_ex99-1.htm:4]** 
- The company's strategic plan targets growing organic sales to **$600+ million** and **$1+ billion** with M&A, aiming for Adjusted EBITDA margins of **13-14%**.  **[918541_0001104659-25-090035_tm2526033d1_ex99-1.htm:9]**  
- New business awards reached **$182 million** by **Q2 2025 YTD**, with an estimated **$48 million** annual run-rate from 2025 launches.  **[918541_0001104659-25-090035_tm2526033d1_ex99-1.htm:6]** 
- For **2025**, NN, Inc. has a **$15 million** cost-out plan in progress, which includes headcount reduction and continuous improvement initiatives.  **[918541_0001104659-25-090035_tm2526033d1_ex99-1.htm:9]**  
- The market outlook for **Q2 2025** indicates softness in the Auto and Commercial Vehicle segments, while the Defense & Electronic Systems segment is experiencing strong year-over-year growth.  **[918541_0001104659-25-090035_tm2526033d1_ex99-1.htm:5]**

NN (NNBR)