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.
| Type | Public | |
| Founded | 1980 | |
| HQ | Charlotte, NC, US | Map |
| Website | nninc.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Key People/Management at NN
Warren Veltman
President and Chief Executive Officer
Michael C. Felcher
Senior Vice President and Chief Financial Officer
John R. Buchan
Executive Vice President, Mobile Solutions and Power Solutions
Matthew S. Heiter
Senior Vice President and General Counsel
Gail Nixon
Senior Vice President and Chief Human Resources Officer
Jeri J. Harman
Non-Executive Chairman of the Board
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
NN Financials and Metrics
NN Revenue
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
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 213.3m | 221.7m | 213.9m | 199.7m | 150.4m | 113.8m | 126.8m | 123.2m | 117.2m |
Cost of goods sold | 161.3m | 163.5m | 160.8m | 152.2m | 115.4m | 90.1m | 99.7m | 99.8m | 98.6m |
Gross profit | 52.0m | 58.2m | 53.1m | 47.5m | 35.0m | 23.7m | 27.1m | 23.4m | 18.6m |
Gross profit Margin, % | 24% | 26% | 25% | 24% | 23% | 21% | 21% | 19% | 16% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 20.3m | 22.1m | 24.4m | 79.2m | 82.7m | 56.1m | 43.0m | 31.5m | 24.6m |
Accounts Receivable | 147.1m | 151.3m | 141.6m | 128.5m | 105.7m | 87.4m | 90.5m | 82.2m | 84.0m |
Inventories | 128.9m | 128.5m | 126.8m | 118.9m | 121.0m | 63.7m | 67.5m | 74.8m | 75.3m |
Current Assets | 314.5m | 318.7m | 316.3m | 363.0m | 342.3m | 863.6m | 222.5m | 214.7m | 207.5m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (18.6m) | (25.3m) | (30.9m) | (248.2m) | (269.9m) | (248.0m) | (4.9m) | (10.3m) | (13.7m) |
Depreciation and Amortization | 23.4m | 46.3m | 69.0m | 23.2m | 46.4m | 34.1m | 11.6m | 23.3m | 34.9m |
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) | 7.1m | 9.4m | 8.0m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 140.7k |
Debt/Equity | 2 x |
Debt/Assets | 0.6 x |
Financial Leverage | 3.6 x |
NN Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Southern California Technical Arts, Inc. | August 09, 2018 | |
| Paragon Medical, Inc. | May 07, 2018 | $390.9 m |
| Bridgemedica LLC | February 22, 2018 | $15 m |
| DRT Medical, LLC | October 02, 2017 | $38.7 m |
| Precision Engineered Products Holdings, Inc. | October 20, 2015 | $621.2 m |
| Caprock Enclosures, LLC | May 29, 2015 | |
| Caprock Manufacturing, Inc. | May 29, 2015 | |
| Autocam Corporation | September 02, 2014 | $256.8 m |
| Chelsea Grinding Company | July 15, 2014 | $3.1 m |
| RFK Valjcici Konjic | June 25, 2014 | $9.8 m |
NN Revenue Breakdown
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
NN Environment, Social & Governance (ESG) Ratings
NN Company Culture
Overall Culture
D
58/100
CEO Rating
D
60/100
Compensation
D-
49/100
NN Blogs
May 05, 2022
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
March 10, 2022
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
February 24, 2022
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 .
January 07, 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…
December 16, 2021
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
November 04, 2021
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
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.
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