2017 Press Releases

Keyword Search
 
2017 | 2016 | 2015 | 2014 | 2013
DateTitle 
08/17/17NN, Inc. Completes Divestiture Of Precision Bearing Components Group
JOHNSON CITY, Tenn., Aug. 17, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that the Company has successfully completed its previously announced divestiture of the Precision Bearing Components Group (PBC) to Tsubaki Nakashima, Co., Ltd., for $375 million in cash. Richard Holder, President and CEO commented, "The sale of PBC furthers NN's long-term strategy to build a diversified industrial business.  We now estimate the net proceeds from the t... 
Printer Friendly Version
08/14/17NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Aug. 14, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Board of Directors declared a quarterly cash dividend of $0.07 per common share.  The dividend will be paid on September 15, 2017, to shareholders of record as of the close of business on September 1, 2017. NN, Inc., a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and man... 
Printer Friendly Version
08/02/17NN, Inc. Reports Second Quarter 2017 Results
JOHNSON CITY, Tenn., Aug. 2, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2017.  GAAP Results Net sales for the second quarter of 2017 increased $11.6 million, or 5%, to $225.9 million, compared to $214.3 million for the second quarter of 2016.  Organic growth in the medical, aerospace and CAFE end markets accounted for the increase. On a GAAP basis, income from operations fo... 
Printer Friendly Version
07/10/17NN, Inc. Announces Agreement To Sell Precision Bearing Components Group To Tsubaki Nakashima
- Purchase price of $375 million - Expected to close in the second half of 2017 JOHNSON CITY, Tenn., July 10, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced it has entered into a definitive agreement to sell its Precision Bearing Components Group ("PBC") to Tsubaki Nakashima Co., Ltd. ("Tsubaki Nakashima"), for $375 million in cash. The transaction is expected to be completed in the second half of 2017, and is subject to regulatory and cust... 
Printer Friendly Version
07/07/17NN, Inc. To Hold Second Quarter 2017 Conference Call On Thursday, August 3, 2017
JOHNSON CITY, Tenn., July 7, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced that it will release second quarter 2017 financial results for the period ended June 30, 2017 after the close of the market on Wednesday, August 2, 2017. Management will hold a conference call at 9:00 a.m. ET on Thursday, August 3, 2017 to review the company's results.  The call can be accessed live or as a replay at www.nninc.com.  For those who are unavailable to lis... 
Printer Friendly Version
05/19/17NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., May 19, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Board of Directors declared a quarterly cash dividend of $0.07 per common share.  The dividend will be paid on June 16, 2017, to shareholders of record as of the close of business on June 2, 2017. NN, Inc., a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture hi... 
Printer Friendly Version
05/03/17NN, Inc. Reports First Quarter 2017 Results
JOHNSON CITY, Tenn., May 3, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2017.  GAAP Results Net sales for the first quarter of 2017 increased $14.1 million, or 7%, to $226.3 million, compared to $212.2 million for the first quarter of 2016.  Organic growth in the medical, aerospace and CAFE end markets accounted for the increase. On a GAAP basis, income from operations for t... 
Printer Friendly Version
04/10/17NN, Inc. To Hold First Quarter 2017 Conference Call On Thursday, May 4, 2017
JOHNSON CITY, Tenn., April 10, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced that it will release first quarter 2017 financial results for the period ended March 31, 2017 after the close of the market on Wednesday, May 3, 2017. Management will hold a conference call at 9:00 a.m. ET on Thursday, May 4, 2017 to review the company's results.  The call can be accessed live or as a replay at www.nninc.com.  For those who are unavailable to listen ... 
Printer Friendly Version
04/03/17NN, Inc. Announces Successful Redemption and Refinance of 10.25% Senior Notes
JOHNSON CITY, Tenn., April 3, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today announced the successful redemption of its 10.25% Senior Notes.  The notes were redeemed with the proceeds of a new $300 million Term Loan B credit facility that was added by an amendment to the company's existing  Senior Secured Credit Facility. SunTrust Robinson Humphrey acted as Sole Bookrunner on the transaction. The new $300 million Term Loan B has priced at LIBOR plus 3.7... 
Printer Friendly Version
03/01/17NN, Inc. Reports Fourth Quarter & Full Year 2016 Results
JOHNSON CITY, Tenn., March 1, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the fourth quarter and the year ended December 31, 2016.  GAAP Results Fourth Quarter Net sales for the fourth quarter of 2016 increased $18.2 million, or 10% to $202.0 million, compared to $183.9 million for the fourth quarter of 2015.  Acquisitions, net of divestitures, added $11.6 million in revenue.  Sales grew organically by $6.6 m... 
Printer Friendly Version
02/07/17NN, Inc. To Hold Fourth Quarter & Full Year 2016 Conference Call On Thursday, March 2, 2017
JOHNSON CITY, Tenn., Feb. 7, 2017 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today that it will release fourth quarter 2016 financial results for the period ended December 31, 2016 after the close of the market on Wednesday, March 1, 2017. Management will hold a conference call at 9 a.m. ET on Thursday, March 2, 2017 to review the company's results.  The call can be accessed live or as a replay at www.nninc.com.  For those who are unavailable to liste... 
Printer Friendly Version
01/23/17NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Jan. 23, 2017 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Board of Directors declared a quarterly cash dividend of $0.07 per common share.  The dividend will be paid on March 3, 2017, to shareholders of record as of the close of business on February 17, 2017. NN, Inc., a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufact... 
Printer Friendly Version

Print PageEmail PageRSS FeedsEmail AlertsFinancial Tearsheet