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NN ( (NNBR) ) has shared an update.
NN, Inc. has embarked on an enterprise transformation to enhance growth and profitability through strategic investments in medical and electrical markets, and by expanding its footprint in low-cost geographies, including China. The company is focused on refining its product portfolio, optimizing costs, and improving operating efficiency, with a goal of securing $65 million in business wins annually over the next five years. This transformation is supported by a new leadership team experienced in cost structure transformation and market expansion, aiming to reposition NN for increased competitiveness and consistent free cash flow.
More about NN
NN, Inc. is a leading manufacturer of high-precision, highly-technical machined and stamped metal products. The company operates in diverse and desirable end market applications, including automotive, medical, and power sectors. With a global manufacturing platform of 25 facilities across six countries and a joint venture in China, NN serves a diversified customer base with its two primary product segments: Power Solutions and Mobile Solutions.
YTD Price Performance: -2.50%
Average Trading Volume: 107,968
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $194.8M
Learn more about NNBR stock on TipRanks’ Stock Analysis page.
