2015 Press Releases

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11/30/15NN, Inc. Announces Divestiture Of Delta Rubber Company
JOHNSON CITY, Tenn., Nov. 30, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it has completed the divestiture of Delta Rubber. The terms of the transaction were not disclosed. Richard Holder, President and CEO commented, "As outlined in our strategic plan, we continue to focus on balancing our portfolio of businesses to create a world class diversified industrial.  The divestiture of Delta Rubber was the next step in that process, as it fu... 
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11/19/15NN, Inc. Announces Retirement of Board Member
JOHNSON CITY, Tenn., Nov. 19, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that Michael E. Werner will retire from the company's Board of Directors as of the Annual Meeting to be held in May 2016.  Mr. Werner, who joined the board in 1995 has served on a variety of committees and currently serves on the Audit and Governance committees.  Richard Holder, President and CEO commented, "For many years we've been privileged to have Mike as an infl... 
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11/19/15NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Nov. 19, 2015 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on December 18, 2015, to shareholders of record as of the close of business on December 4, 2015. NN, Inc., a diversified industrial company manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision ... 
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11/04/15NN, Inc. Reports Third Quarter 2015 Results
JOHNSON CITY, Tenn., Nov. 4, 2015 /PRNewswire/ --  Net sales of $154.8 million, an increase of $29.2 million Adjusted income from operations grew to $15.3 million Adjusted net income of $8.3 million or $0.31 per diluted share NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today reported its financial results for the third quarter ended September 30, 2015.  Third Quarter 2015 Results Net sales for the third quarter of 2015 increased $29.2 million, or 23% to $154.8... 
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10/29/15NN, Inc. Announces Opening Of New Plant In Mexico
JOHNSON CITY, Tenn., Oct. 29, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it is expanding its North American manufacturing footprint by opening a new precision ball plant in Ciudad Juarez in the Mexican state of Chihuahua in response to increasing demand and growth in auto manufacturing in Mexico.  The plant, which has been under construction since June of this year, is expected to commence production in November, 2015.  The plant will be ... 
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10/22/15NN, Inc. To Hold Third Quarter 2015 Conference Call On Thursday, November 5, 2015
JOHNSON CITY, Tenn., Oct. 22, 2015 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR), a diversified industrial company, announced today that it will release third quarter 2015 financial results for the period ended September 30, 2015 after the close of the market on Wednesday, November 4, 2015. Management will hold a conference call at 9 a.m. ET on Thursday, November 5, 2015 to review the company's results.  The call can be accessed via the internet live or as a replay at www.nninc.com . For those who ... 
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10/21/15NN, Inc. Announces Resignation Of Board Member
JOHNSON CITY, Tenn., Oct. 21, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that John C. Kennedy has resigned from the Company's Board of Directors to focus on his growing medical company in Michigan.  Mr. Kennedy has served as a member of NN's Board of Directors since September 2014.  Prior to serving as a director at NN, Mr. Kennedy was the founder and Chief Executive Officer at Autocam Corporation. Mr. Kennedy commented, "I have enjoyed my ... 
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10/20/15NN, Inc. Completes Acquisition Of Precision Engineered Products
JOHNSON CITY, Tenn., Oct. 20, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that the Company has successfully completed its acquisition of Precision Engineered Products Holdings, Inc. (PEP), a global manufacturer of highly engineered precision customized solutions serving the medical, electrical, transportation and aerospace end markets.  Richard Holder, President and CEO commented, "The acquisition of PEP, the largest in NN's 35 year history... 
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10/07/15NN, Inc. Reaffirms Commitment To Precision Engineered Products Acquisition
JOHNSON CITY, Tenn., Oct. 7, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced it remains committed to closing the Precision Engineered Products (P.E.P.) acquisition. The Company has a committed financing structure and expects the transaction to close on time before the end of October. Richard Holder, President & CEO commented, "We remain committed to closing the P.E.P. acquisition this month as outlined on the call announcing the acquisition... 
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09/22/15NN, Inc. Announces Senior Notes Offering In Connection With Its Acquisition Of Precision Engineered Products Holdings, Inc.
JOHNSON CITY, Tenn., Sept. 22, 2015 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR) ("NN"), a diversified industrial company, today announced that it intends to offer, subject to market and other conditions, $300.0 million aggregate principal amount of Senior Notes due 2023 (the "Notes") in a private placement. NN intends to use the net proceeds of the Notes offering to fund, in part, the proposed acquisition (the "Acquisition") of Precision Engineered Products Holdings, Inc. ("PEP") announced on Au... 
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08/17/15NN, Inc. Announces Definitive Agreement To Acquire Precision Engineered Products
Company to Host Conference Call to Discuss Transaction JOHNSON CITY, Tenn., Aug. 17, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it has entered into a definitive agreement to acquire Precision Engineered Products Holdings, Inc. (P.E.P.) for $615 million in cash. The transaction is expected to be immediately accretive to earnings. The Company anticipates that the transaction will close by the end of October, 2015, subject to customary cl... 
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08/13/15NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Aug. 13, 2015 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on September 18, 2015, to shareholders of record as of the close of business on September 4, 2015. NN, Inc., a diversified industrial company manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precisio... 
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08/05/15NN, Inc. Reports Second Quarter 2015 Results
JOHNSON CITY, Tenn., Aug. 5, 2015 /PRNewswire/ -- Net sales of $164.9 million, an increase of $58.2 million Adjusted income from operations grew to $14.3 million Adjusted net income of $7.2 million, or $0.37 per diluted share NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2015.   Second Quarter 2015 Results Net sales for the second quarter of 2015 increased $58.2 million, or 55%, to $164.9 ... 
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07/13/15NN, Inc. To Hold Second Quarter 2015 Conference Call On Thursday August 6, 2015
JOHNSON CITY, Tenn., July 13, 2015 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR), a diversified industrial company, announced today that it will release second quarter 2015 financial results for the period ended June 30, 2015 after the close of the market on Wednesday August 5, 2015. Management will hold a conference call at 9 a.m. ET on Thursday August 6, 2015 to review the company's results. The call can be accessed via the internet live or as a replay at www.nninc.com. For those who are unavaila... 
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07/07/15NN, Inc. Names Matthew Heiter Senior Vice President And General Counsel
JOHNSON CITY, Tenn., July 7, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that Matthew Heiter has joined the Company as Senior Vice President and General Counsel. Mr. Heiter will begin immediately in this newly created position and will report to Richard Holder, President and Chief Executive Officer.  Mr. Heiter will be responsible for leading corporate strategic and tactical legal initiatives, as well as providing legal guidance to the senior m... 
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07/02/15NN, Inc. Receives Supplier Award for Overall Performance
JOHNSON CITY, Tenn., July 2, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced it has received a global ball supplier award from bearing manufacturer, NTN-SNR based on overall performance in 2014. The award recognizes superior performance in the areas of high-precision quality, on-time delivery and world-class customer service. Jeff Manzagol, Senior Vice President of the Metal Bearing Components Group commented, "We are honored to receive this awa... 
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07/01/15NN, Inc. Announces Closing Of Public Offering And Exercise Of Option To Purchase Additional Shares
JOHNSON CITY, Tenn., July 1, 2015 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, announced today the closing of its previously announced underwritten registered public offering of common stock.  The total number of shares of common stock sold was 7,590,000, composed of 6,600,000 shares of common stock initially offered and an additional 990,000 shares of common stock sold pursuant to the exercise of the underwriters' option to purchase additional shares, in each case ... 
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06/25/15NN, Inc. Announces Pricing of Follow-On Offering of Common Stock
JOHNSON CITY, Tenn., June 25, 2015 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, announced today the pricing on June 25 of a follow-on offering of 6,600,000 shares of common stock at a price of $24 per share.  Closing of the offering is expected to occur on July 1, 2015, subject to customary closing conditions.  NN has granted the underwriters a 30-day option to purchase up to an additional 990,000 shares of common stock. NN intends to use the net proceeds from th... 
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06/22/15NN, Inc. Announces Public Offering Of Common Stock
JOHNSON CITY, Tenn., June 22, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it is commencing an underwritten registered public offering of 6,000,000 shares of its common stock.  In connection with this offering, NN expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. ... 
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06/18/15NN, Inc. Revises 2015 Full Year Revenue Based On Brazilian Economic Outlook
Reaffirms Commitment To 2018 Strategic Plan Targets JOHNSON CITY, Tenn., June 18, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced it is revising its 2015 revenue guidance from the previously provided range of $670 - $690 million dollars as a result of continued weakness in the Brazilian economy.  The company now expects 2015 revenue to be between $660 - $670 million dollars. During 2014, NN and its acquired companies sold approximately $47 mi... 
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05/29/15NN, Inc. Announces The Acquisition Of Precision Plastic Components Company
JOHNSON CITY, Tenn., May 29, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced it has completed the acquisition of Caprock Manufacturing, Inc. and Caprock Enclosures, LLC. Caprock was a privately held plastic components supplier located in Lubbock, TX.  Financial terms of the deal were not disclosed. Caprock serves multiple end markets including aerospace, medical and general industrial.  The acquisition is the fifth completed by NN in the last fi... 
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05/13/15NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., May 13, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share.  The dividend will be paid on June 19, 2015, to shareholders of record as of the close of business on June 5, 2015.   NN, Inc., a diversified industrial company manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal ... 
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05/06/15NN, Inc. Reports First Quarter 2015 Results
- Net sales of $163.7 million - Adjusted income from operations of $13.9 million - Adjusted net income of $6.9 million or $0.36 per diluted share JOHNSON CITY, Tenn., May 6, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2015.   First Quarter 2015 Results Net sales for the first quarter of 2015 increased $61.2 million, or 60%, to $163.7 million, compared to $102.5 million fo... 
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04/16/15NN, Inc. to hold First Quarter 2015 conference call on Thursday May 7, 2015
JOHNSON CITY, Tenn., April 16, 2015 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR), a diversified industrial company, announced today that it will release first quarter 2015 financial results for the period ended March 31, 2015 before the opening of the market on Thursday May 7, 2015. Management will hold a conference call at 9 a.m. ET that day to review the company's results.  The call can be accessed via the internet live or as a replay at www.nnbr.com. For those who are unavailable to listen to t... 
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03/10/15NN, Inc. Reports Fourth Quarter And Full Year 2014 Results
JOHNSON CITY, Tenn., March 10, 2015 /PRNewswire/ -- Record full year net sales including acquisitions of $488.6 million, an increase of $115.4 million or 31% compared to 2013 Record annual adjusted income from operations of $39.9 million before acquisition and integration charges, an increase of 40% compared to the prior year Record adjusted net income for 2014 of $23.5 million or $1.29 per diluted share  2015 foreign currency adjusted revenue forecast of $670 to $690 million NN,... 
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02/27/15NN, Inc. To Hold Fourth Quarter, And Full Year 2014 Conference Call On Tuesday, March 10, 2015
JOHNSON CITY, Tenn., Feb. 27, 2015 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR), a diversified industrial company, announced today that it will release fourth quarter and full year 2014 financial results for the period ended December 31, 2014 before the opening of the market on Tuesday, March 10, 2015. Management will hold a conference call at 11 a.m. ET that day to review the company's results.  The call can be accessed via the internet live or as a replay at www.earnings.com. For those who are u... 
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02/03/15NN, Inc. to Webcast Analyst Day Presentations on Thursday, February 5, 2015
JOHNSON CITY, Tenn., Feb. 3, 2015 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR), a diversified industrial company, announced today that it will host an Investor & Analyst Day in New York City on Thursday, February 5, 2015, beginning at 8:30 a.m. ET. The event, which will be webcast live beginning at 9:30 am, will include presentations by Richard Holder, President and Chief Executive Officer, James Dorton, Sr. Vice President and Chief Financial Officer, Jeff Manzagol, Sr. Vice President and GM, Met... 
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01/22/15NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Jan. 22, 2015 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on March 6, 2015, to shareholders of record as of the close of business on February 20, 2015. NN, Inc., a diversified industrial company manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision met... 
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01/15/15NN, Inc. Announces Organizational Changes To Metal Bearing Components Group
JOHNSON CITY, Tenn., Jan. 15, 2015 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today that the Metal Bearing Components Group has reorganized its portfolio into two distinct business units – Global Rollers Division and Global Ball Division.  The Company also announced four newly created positions to the Group: Rob Heinrich named Vice President/General Manager of the Global Rollers Division Dario Galetti named Vice President/General Manager of the Gl... 
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01/08/15NN, Inc. To Host Annual Investor Day
JOHNSON CITY, Tenn., Jan. 8, 2015 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today that the Company is hosting its annual investor day on Thursday, February 5, 2015 at the Westin Times Square in New York from 9:30 a.m. to approximately 12:00 p.m. EST.  The event will feature presentations from President & CEO Richard Holder, as well as other members of the management team on the Company's strategic plan. Mr. Holder commented, "We're excited to hos... 
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