Print Page  |  Close Window

2014 Press Releases

Keyword Search
 
2017 | 2016 | 2015 | 2014 | 2013
DateTitle 
12/15/14NN, Inc. to Present at the CJS Investor Conference
JOHNSON CITY, Tenn., Dec. 15, 2014 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today that management will be presenting at the fifteenth annual CJS Securities "New Ideas for the New Year" investor conference on Wednesday, January 14, 2015 in New York City, NY.  President and CEO Richard Holder will provide an overview of the Company, discuss its competitive position and its strategies for growth. Mr. Holder commented, "We are looking forward to attendi... 
Printer Friendly Version
11/11/14NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Nov. 11, 2014 /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 19, 2014, to shareholders of record as of the close of business on December 5, 2014. NN, Inc., a diversified industrial company, manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision... 
Printer Friendly Version
11/05/14NN, Inc.'s President & CEO Richard Holder Recognized by M&A Atlas for Corporate Growth Leadership
JOHNSON CITY, Tenn., Nov. 5, 2014 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today President & CEO Richard Holder has received the M&A Atlas Americas award for corporate growth leadership related to the four acquisitions the company closed prior to the end of August, 2014. The Global M&A Network, producers of worldwide recognized financial services conferences and awards, recently presented this award to Mr. Holder at a gala ceremony in Ne... 
Printer Friendly Version
11/04/14NN, Inc. Reports Third Quarter And Nine Months 2014 Results
- Adjusted income from operations increase of $2.8 million to $10.6 million or 36% over the prior year's third quarter - Adjusted net income for the third quarter $6.3 million, or $0.34 per diluted share as compared to $5.0 million, or $0.29 per diluted share for the same period in 2013 - Quarterly sales rose $32.6 million to $125.6 million, or 35% over prior year's third quarter - 2014 full year expected revenue guidance raised to $490 to $500 million JOHNSON CITY, Tenn., Nov. 4, 20... 
Printer Friendly Version
10/31/14NN, Inc. Wins Americas M&A Atlas Award For U.S. Mid-Market Industrial Deal Of The Year
JOHNSON CITY, Tenn., Oct. 31, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) a diversified industrial company announced today that it has received the M&A Atlas Award for the U.S. Mid-Market Industrial Deal of the Year for its acquisition of Autocam Corporation completed at the end of August, 2014. The Global M&A Network, producers of worldwide recognized financial services conferences and awards, recently presented the award to NN, Inc. at a gala ceremony in New York City.  The America... 
Printer Friendly Version
10/20/14NN, Inc. To Hold Third Quarter 2014 Conference Call On Tuesday, November 4, 2014
JOHNSON CITY, Tenn., Oct. 20, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it will release third quarter 2014 financial results for the period ended September 30, 2014 before the opening of the market on Tuesday, November 4, 2014. 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 unavailable to listen to the live broadcast, a ... 
Printer Friendly Version
09/18/14NN, Inc. Announces The Retirement Of Frank Gentry And The Appointment Of Jeff Manzagol As Senior Vice President And General Manager Of The Metal Bearing Componets Group
JOHNSON CITY, Tenn., Sept. 18, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today that effective October 6, 2014 Jeff Manzagol will join the Company as Senior Vice President and General Manager of the Company's Metal Bearing Components Group. In a planned transition, Mr. Manzagol succeeds Frank Gentry, who will retire at year-end after more than 30 years with NN. Mr. Manzagol will be responsible for directing and coordinating the activities of the Metal Bearing Components Group, as wel... 
Printer Friendly Version
09/11/14NN, Inc. Announces Two Senior Level Appointments Following Completion Of Autocam Acquisition
JOHNSON CITY, Tenn., Sept. 11, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced two senior vice president appointments: J.R. Widders named Senior Vice President of Corporate Integration and Transformation Warren Veltman named Senior Vice President and General Manager of the Company's newly formed Autocam Precision Components Group Richard Holder, President and Chief Executive Officer, stated, "In conjunction with advancing our business plan to further grow our Company t... 
Printer Friendly Version
09/04/14NN, Inc. Names Scott Weinstein Chief Information Officer and Robbie Atkinson Corporate Treasurer and Investor Relations Manager
JOHNSON CITY, Tenn., Sept. 4, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today that effective immediately Scott Weinstein and Robbie Atkinson have joined the Company as Chief Information Officer and Corporate Treasurer and Manager of Investor Relations, respectively.  Mr. Weinstein who will be responsible for leading NN's global IT function will report to Richard Holder, President and Chief Executive Officer.  Mr. Atkinson will be responsible for assisting in both the planning and ma... 
Printer Friendly Version
09/02/14NN, Inc. Completes Acquisition of Autocam Corporation
JOHNSON CITY, Tenn., Sept. 2, 2014 /PRNewswire/ -- Closes $350 million term loan facility underwritten by Bank of America, N.A. Merrill Lynch, Pierce, Fenner & Smith Incorporated and KeyBank National Association and a $100 million asset backed revolver underwritten by KeyBank National Association and Bank of America, N.A. Becomes a top three global manufacturer of metal bearing and precision metal components John Kennedy Appointed to NN, Inc.'s Board of Directors N... 
Printer Friendly Version
08/15/14NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., Aug. 15, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on September 19, 2014, to shareholders of record as of the close of business on September 5, 2014. NN, Inc. manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis.  Headqu... 
Printer Friendly Version
08/05/14NN, Inc. Reports Second Quarter and Six Months 2014 Results
-- Net income from normal operations for the second quarter ended June 30, 2014 was $6.0 million, or $0.33 per diluted share as compared to $4.6 million, or $0.27 per diluted share for the same period in 2013 -- Quarterly sales increase of $10.4 million to $106.7 million, or 10.8% over prior year's second quarter JOHNSON CITY, Tenn., Aug. 5, 2014 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR) today reported its financial results for the period ended June 30, 2014.  Net sales for the second quarte... 
Printer Friendly Version
07/23/14NN, Inc. To Hold Second Quarter 2014 Conference Call On Tuesday, August 5, 2014
JOHNSON CITY, Tenn., July 23, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it will release second quarter 2014 financial results for the period ended June 30, 2014 before the opening of the market on Tuesday, August 5, 2014. 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 unavailable to listen to the live broadcast, a repla... 
Printer Friendly Version
07/21/14NN, Inc. Announces Definitive Agreement To Acquire Autocam Corporation
Transformative Acquisition Brings Additional Technologies, Product Launch Capabilities and Respected Autocam Brand to the NN Family JOHNSON CITY, Tenn., July 21, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it has entered into a definitive agreement to acquire Autocam Corporation for $244.5 million in cash, $25.0 million in stock and the assumption of $30.5 million in debt.  The transaction is expected to be immediately accretive to earnings.  The Company anticipates the ... 
Printer Friendly Version
07/15/14NN, Inc. Acquires Chelsea Grinding Company
Cylindrical Roller Manufacturer JOHNSON CITY, Tenn., July 15, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it has acquired the assets of Chelsea Grinding Company.  Chelsea is a manufacturer of cylindrical rollers used primarily in the hydraulic pump industry.  Financial terms of the deal were not disclosed. Chelsea, a privately-held company located in Jackson, Michigan, had sales of approximately $2.3 million in 2013.  Its products are used mainly in roller vane pumps ... 
Printer Friendly Version
07/07/14NN, Inc. Announces New Corporate Headquarters Location in Johnson City
New Facility Provides Additional Space to Accommodate Future Growth JOHNSON CITY, Tenn., July 7, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it has purchased the SunTrust Bank Building in Johnson City, TN and expects to move its corporate headquarters to this facility in the near future.  The approximate 60,000 square foot facility provides a new base of operations for NN's current corporate staff and its additional space will accommodate the Company's expected future gr... 
Printer Friendly Version
06/25/14NN, Inc. Acquires Tapered Roller Bearing Company
JOHNSON CITY, Tenn., June 25, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it has acquired 79.2% of the outstanding shares of RFK Valjcici Konjic.  RFK is a manufacturer of tapered roller bearings with operations in Konjic, Bosnia & Herzegovina.  Its products, while complementary to NN's existing roller bearing products, will broaden the Company's product offering and allow penetration into adjacent markets.  NN expects to acquire the remaining shares of RFK in the near ... 
Printer Friendly Version
05/15/14NN, Inc. Appoints William Dries To Board Of Directors
JOHNSON CITY, Tenn., May 15, 2014 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR) today announced that William Dries has been appointed to the Company's Board of Directors.  Mr. Dries replaces Richard Fanelli who has retired from the Board of Directors after eight years of service.  Most recently, and prior to his retirement in 2011, Mr. Dries served as Senior Vice President and Chief Financial Officer at EnPro Industries, Inc., a NYSE listed, engineered industrial products manufacturer. Previous to... 
Printer Friendly Version
05/14/14NN, Inc. Announces Quarterly Dividend
JOHNSON CITY, Tenn., May 14, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on June 20, 2014, to shareholders of record as of the close of business on June 6, 2014. NN, Inc. manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis.  Headquartered in ... 
Printer Friendly Version
05/06/14NN, Inc. Reports Earnings For 2014 First Quarter
- Net income from normal operations for the first quarter ended March 31, 2014 was $5.6 million, or $0.31 per diluted share as compared to $3.6 million, or $0.21 per diluted share for the same period in 2013 - Quarterly sales increase of $8.7 million, or 9.3% over prior year's first quarter JOHNSON CITY, Tenn., May 6, 2014 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR) today reported its financial results for the first quarter ended March 31, 2014.  Net sales for the first quarter of 2014 were $1... 
Printer Friendly Version
04/24/14NN, Inc. To Hold First Quarter 2014 Conference Call On Tuesday, May 6, 2014
JOHNSON CITY, Tenn., April 24, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it will release first quarter 2014 financial results for the period ended March 31, 2014 before the opening of the market on Tuesday, May 6, 2014. 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 unavailable to listen to the live broadcast, a replay w... 
Printer Friendly Version
03/31/14NN, Inc. Appoints Vice President And General Manager For Its Plastic And Rubber Components Group
JOHNSON CITY, Tenn., March 31, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today that Evelise Faro has joined the Company as Vice President and General Manager of its Plastic and Rubber Components Group.   Ms. Faro will begin effective immediately in this newly created position and will report to Rich Holder, President and Chief Executive Officer.  She will have full responsibility for the execution of the strategic growth plan for the Group.   Rich Holder, President and Chief Exec... 
Printer Friendly Version
03/11/14NN Reports Fourth Quarter and Twelve Months Results
Quarterly net sales increase of $9.9 million represents real growth of $8.0 million or 10.0% 2014 forecasted revenues in range of $400 million to $415 million JOHNSON CITY, Tenn., March 11, 2014 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR) today reported its financial results for the fourth quarter and twelve months ended December 31, 2013.  Net sales for the fourth quarter of 2014 were $90.1 million, an increase of $9.9 million or 12.4% (currency adjusted), compared to net sales of $80.2 milli... 
Printer Friendly Version
02/25/14NN Appoints New General Manager For Its Newly Acquired V-S Products Division
JOHNSON CITY, Tenn., Feb. 25, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today that Eric Schriver has joined the Company as General Manager of its recently acquired V-S Products Division, a manufacturer of precision metal components with operations in Wheeling, Illinois and Juarez, Mexico. Mr. Schriver's responsibilities will include the integration of the newly acquired assets and the execution of the Company's strategic growth plan for V-S Products.  He will report to J.R. Widders,... 
Printer Friendly Version
02/24/14NN, Inc. To Hold Fourth Quarter 2013 Conference Call On Tuesday, March 11, 2014
JOHNSON CITY, Tenn., Feb. 24, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it will release fourth quarter 2013 financial results for the period ended December 31, 2013 before the opening of the market on Tuesday, March 11, 2014. 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 unavailable to listen to the live broadcast, a re... 
Printer Friendly Version
02/11/14NN, Inc. Increases Cash Dividend To $0.07 Per Common Share
JOHNSON CITY, Tenn., Feb. 11, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on March 14, 2014, to shareholders of record as of the close of business on February 28. Rich Holder, President and Chief Executive Officer of NN, Inc. commented, "We are pleased to announce the increase in our dividend from $0.06 per common share to $0.07 per common share.  This action, in com... 
Printer Friendly Version
02/04/14NN, Inc. Acquires Assets Of Precision Metal Components Company
JOHNSON CITY, Tenn., Feb. 4, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced that it has completed the acquisition of the assets of V-S Industries.  V-S Industries is a privately held manufacturer of precision metal components with operations in Wheeling, Illinois and Juarez, Mexico.  The acquisition of V-S will provide NN with a complementary, but broader product offering and will allow penetration into adjacent markets.  Financial terms of the deal were not disclosed. V-S Indus... 
Printer Friendly Version
01/28/14NN, Inc. Launches New Website
JOHNSON CITY, Tenn., Jan. 28, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today announced the launch of its newly revamped website which will allow for improved navigation, enhanced functionality and quick and easy access to important NN information and features.  The website also has a comprehensive investor section with updated company news and events, financial and stock information, SEC filings and corporate governance information. The new website goes live today, January 28, 2014 and is lo... 
Printer Friendly Version
01/27/14NN, Inc. to Webcast Analyst Day Presentations on Thursday, January 30, 2014
JOHNSON CITY, Tenn., Jan. 27, 2014 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) announced today that it will host an Investor & Analyst Day in New York City on Thursday, January 30, 2014, 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 and James Dorton, Sr. Vice President and Chief Financial Officer. Also attending from senior management will be Frank Gentry III, Sr. Vice Pre... 
Printer Friendly Version