OverviewSuggest Edit

NN is an industrial company that manufactures plastic and metal components and assemblies. It operates in two business segments: Mobile Solutions and Power Solutions. The Mobile Solutions segment offers turning, gear manufacturing, sub-assembly, and laser welding to the automotive and industrial markets. The Power Solutions segment provides a range of metal and plastic products intended for power transmission and distribution, circuit protection, military, aerospace, and automotive industries.
TypePublic
Founded1980
HQCharlotte, NC, US
Websitenninc.com
Employee Ratings3.3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)3,081(-43%)
Revenue (FY, 2020)$427.5 M(-49%)
Share Price (May 2022)$2.4
Cybersecurity ratingCMore
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Key People/Management at NN

Warren Veltman

Warren Veltman

President and Chief Executive Officer
Michael C. Felcher

Michael C. Felcher

Senior Vice President and Chief Financial Officer
John R. Buchan

John R. Buchan

Executive Vice President, Mobile Solutions and Power Solutions
Matthew S. Heiter

Matthew S. Heiter

Senior Vice President and General Counsel
Gail Nixon

Gail Nixon

Senior Vice President and Chief Human Resources Officer
Jeri J. Harman

Jeri J. Harman

Non-Executive Chairman of the Board
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NN Office Locations

NN has offices in Charlotte and Kentwood
Charlotte, NC, US (HQ)
6210 Old Ardrey Kell Rd
Kentwood, MI, US
4060 E Paris Ave SE
Kentwood, MI, US
4070 E Paris Ave S E
Kentwood, MI, US
4180 40th St SE
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NN Financials and Metrics

NN Revenue

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View revenue for all periods
NN's revenue was reported to be $427.53 m in FY, 2020 which is a 49.6% decrease from the previous period.
USD

Revenue (Q3, 2021)

117.2m

Gross profit (Q3, 2021)

18.6m

Gross profit margin (Q3, 2021), %

15.9%

Net income (Q3, 2021)

(3.4m)

EBIT (Q3, 2021)

(4.6m)

Market capitalization (13-May-2022)

102.0m

Closing stock price (13-May-2022)

2.4

Cash (30-Sept-2021)

24.6m

EV

290.0m
NN's current market capitalization is $102 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

770.7m847.5m427.5m

Revenue growth, %

10%(50%)

Cost of goods sold

588.2m641.6m343.6m

Gross profit

182.5m205.8m83.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

213.3m221.7m213.9m199.7m150.4m113.8m126.8m123.2m117.2m

Cost of goods sold

161.3m163.5m160.8m152.2m115.4m90.1m99.7m99.8m98.6m

Gross profit

52.0m58.2m53.1m47.5m35.0m23.7m27.1m23.4m18.6m

Gross profit Margin, %

24%26%25%24%23%21%21%19%16%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

18.0m31.7m48.1m

Accounts Receivable

133.4m131.6m84.6m

Inventories

122.6m118.7m62.5m

Current Assets

296.9m303.0m215.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(264.5m)(46.7m)(100.6m)

Depreciation and Amortization

71.1m91.8m45.7m

Inventories

(16.9m)1.4m5.1m

Accounts Payable

2.7m7.9m(8.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(18.6m)(25.3m)(30.9m)(248.2m)(269.9m)(248.0m)(4.9m)(10.3m)(13.7m)

Depreciation and Amortization

23.4m46.3m69.0m23.2m46.4m34.1m11.6m23.3m34.9m

Inventories

(6.3m)(5.8m)(5.8m)(2.5m)(4.3m)4.1m(5.6m)(12.1m)(13.3m)

Accounts Payable

7.2m(1.4m)(334.0k)3.6m(12.4m)(1.7m)7.1m9.4m8.0m
USDFY, 2018

Revenue/Employee

140.7k

Debt/Equity

2 x

Debt/Assets

0.6 x

Financial Leverage

3.6 x
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NN Operating Metrics

NN's Customers was reported to be 1.2 k in Sep, 2021.
FY, 2018FY, 2019FY, 2020Sep, 2021Nov, 2021

Customers

1.15 k

Facilities

5150322731

Products Sold

1.5 b
Show all operating metrics

NN Acquisitions / Subsidiaries

Company NameDateDeal Size
Southern California Technical Arts, Inc.August 09, 2018
Paragon Medical, Inc.May 07, 2018$390.9 m
Bridgemedica LLCFebruary 22, 2018$15 m
DRT Medical, LLCOctober 02, 2017$38.7 m
Precision Engineered Products Holdings, Inc.October 20, 2015$621.2 m
Caprock Enclosures, LLCMay 29, 2015
Caprock Manufacturing, Inc.May 29, 2015
Autocam CorporationSeptember 02, 2014$256.8 m
Chelsea Grinding CompanyJuly 15, 2014$3.1 m
RFK Valjcici KonjicJune 25, 2014$9.8 m
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NN Revenue Breakdown

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NN revenue breakdown by business segment: 40.1% from Power Solutions and 59.9% from Mobile Solutions

NN revenue breakdown by geographic segment: 6.5% from Brazil, 7.0% from Mexico, 62.8% from United States, 12.2% from China and 11.5% from Other

NN Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

NN Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

NN Online and Social Media Presence

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NN Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    D

    60/100

  • Compensation

    D-

    49/100

Learn more on Comparably

NN Blogs

NN, Inc. Reports Financial Results for First Quarter

Solid First Quarter Results; Reaffirming 2022 Outlook CHARLOTTE, N.C. , May 05, 2022 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2022 . Warren Veltman , President and Chief Executive

NN, Inc. Reports Financial Results For Fourth Quarter and Full Year 2021

Provides Outlook for Full Year 2022 CHARLOTTE, N.C. , March 10, 2022 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the fourth quarter and full year ended December 31, 2021 . Warren Veltman , President and Chief Executive

NN, Inc. To Hold Fourth Quarter 2021 Earnings Conference Call on Friday, March 11, 2022

CHARLOTTE, N.C. , Feb. 24, 2022 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that it will release its fourth quarter 2021 financial results for the period ended December 31, 2021 , after the close of the market on Thursday, March 10, 2022 .

J. Andrew Wall

J. Andrew Wall Ephraim.DeGuia… Fri, 01/07/2022 - 15:39 J. Andrew Wall Senior Vice President and Chief Commercial Officer Andrew Wall joined NN in January 2022 as Senior Vice President and Chief Commercial Officer. Prior to joining NN, he h…

NN, Inc. Names J. Andrew Wall as Chief Commercial Officer

CHARLOTTE, N.C. , Dec. 16, 2021 /PRNewswire/ --  NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced J. Andrew Wall will join the organization as Senior Vice President and Chief Commercial Officer, effective January 10, 2022 .  In this newly created executive position, Wall

NN, Inc. Reports Financial Results For Third Quarter 2021

Third quarter net sales increased 3.1% over prior year, financial results impacted by ongoing supply chain challenges CHARLOTTE, N.C. , Nov. 4, 2021 /PRNewswire/ --  NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the third quarter ended September
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NN Frequently Asked Questions

  • When was NN founded?

    NN was founded in 1980.

  • Who are NN key executives?

    NN's key executives are Warren Veltman, Michael C. Felcher and John R. Buchan.

  • How many employees does NN have?

    NN has 3,081 employees.

  • What is NN revenue?

    Latest NN annual revenue is $427.5 m.

  • What is NN revenue per employee?

    Latest NN revenue per employee is $138.8 k.

  • Who are NN competitors?

    Competitors of NN include Greene Tweed, Mitsubishi Chemical Advanced Materials and Rogers Corporation.

  • Where is NN headquarters?

    NN headquarters is located at 6210 Old Ardrey Kell Rd, Charlotte.

  • Where are NN offices?

    NN has offices in Charlotte and Kentwood.

  • How many offices does NN have?

    NN has 4 offices.