The latest announcement is out from NN ( (NNBR) ).
On March 5, 2025, NN, Inc. reported its financial results for the fourth quarter and full year of 2024, highlighting a decrease in net sales by 5.1% compared to 2023, primarily due to the sale of its Lubbock operations and unfavorable foreign exchange effects. Despite these challenges, the company achieved $73 million in new business wins in 2024, surpassing its previous record, and is on track with its 5-year sales growth and diversification goals. The company is accelerating its transformation plans in 2025, focusing on launching new products, improving underperforming plants, and expanding its US electrical grid power business. The company also reported significant improvements in adjusted EBITDA and free cash flow, indicating progress in its transformation efforts.
More about NN
NN, Inc. is a global diversified industrial company that engineers and manufactures high-precision components and assemblies. The company focuses on various sectors, including stamped products, electrical, and medical teams, and aims to create a competitive engineering and business development team.
YTD Price Performance: -14.24%
Average Trading Volume: 662,776
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $135.4M
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