Press Releases

Press Releases

Date Title  
Nov 05, 2020
Improved Capital Structure Following Sale of Life Sciences Division Positions Company for Long-Term Success   Enhanced Financial Flexibility as a Result of $700M Debt Reduction CHARLOTTE, N.C. , Nov. 5, 2020 /PRNewswire/ --  NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported
Oct 29, 2020
CHARLOTTE, N.C. , Oct. 29, 2020 /PRNewswire/ -- NN, Inc. , (NASDAQ: NNBR) a diversified industrial company, today announced that it will release third quarter 2020 financial results for the period ended September 30, 2020 after the close of the market on Thursday, November 5, 2020 .
Oct 06, 2020
CHARLOTTE, N.C. , Oct. 6, 2020 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that it has successfully completed the sale of its Life Sciences division to affiliates of American Securities LLC for the purpose of being combined with MW Industries , one of
Aug 24, 2020
Transaction strengthens NN's balance sheet by accelerating its ability to de-lever and provides the Company with enhanced financial flexibility to deliver long-term shareholder value through its Power Solutions and Mobile Solutions businesses CHARLOTTE, N.C. , Aug.
Aug 06, 2020
Free cash flow improved by $9.1 million compared to prior year   Amended debt agreement enhances financial flexibility CHARLOTTE, N.C. , Aug. 6, 2020 /PRNewswire/ --  NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June
Jul 30, 2020
CHARLOTTE, N.C. , July 30, 2020 /PRNewswire/ -- NN, Inc. , (NASDAQ: NNBR) a diversified industrial company, today announced that it will release second quarter 2020 financial results for the period ended June 30, 2020 after the close of the market on Thursday, August 6, 2020 .
May 07, 2020
Implemented additional cost savings initiatives to increase financial flexibility and liquidity position Significantly improved free cash flow by $15.7 million CHARLOTTE, N.C. , May 7, 2020 /PRNewswire/ --  NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial
May 06, 2020
CHARLOTTE, N.C. , May 6, 2020 /PRNewswire/ -- NN, Inc. , (NASDAQ: NNBR) a diversified industrial company, today announced that in response to the COVID-19 pandemic and the urgent need for personal protective equipment, Paragon Medical, a division of NN Life Sciences headquartered in Pierceton,
May 01, 2020
CHARLOTTE, N.C. , May 1, 2020 /PRNewswire/ -- NN, Inc. , (NASDAQ: NNBR) a diversified industrial company, today announced that it will release first quarter 2020 financial results for the period ended March 31, 2020 after the close of the market on Thursday, May 7, 2020 .
Apr 16, 2020
CHARLOTTE, N.C. , April 16, 2020 /PRNewswire/ --  NN, Inc. (NASDAQ: NNBR) ("NN" or the "Company"), a diversified industrial company, today announced that its Board of Directors has adopted a limited duration rights plan (the "Rights Plan"). In adopting the Rights Plan, the Board of Directors has
Apr 06, 2020
CHARLOTTE, N.C. , April 6, 2020 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that due to heightened macroeconomic uncertainty as a result of the COVID-19 outbreak, the Company is withdrawing full-year 2020 financial guidance, previously issued on March
Mar 12, 2020
Full Year Net Sales Increase 10% to $847.5M Driven by Sales from Acquired Businesses and Organic Growth in Life Sciences CHARLOTTE, N.C. , March 12, 2020   /PRNewswire/ -- NN, Inc. , (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the fourth quarter and
Mar 05, 2020
CHARLOTTE, N.C. , March 5, 2020   / PRNewswire/ -- NN, Inc. , (NASDAQ: NNBR) a diversified industrial company, today announced that it will release fourth quarter and full year 2019 financial results for the period ended December 31, 2019 after the close of the market on Thursday, March 12, 2020 .
Feb 18, 2020
CHARLOTTE, N.C. , Feb. 18, 2020 /PRNewswire/ --  NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its Board of Directors has appointed Warren Veltman President and Chief Executive Officer, effective immediately. Mr. Veltman has served as NN's interim President and CEO
Feb 03, 2020
Director David L. Pugh to Retire CHARLOTTE, N.C. , Feb. 3, 2020 /PRNewswire/ --  NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that its board of directors has voted to expand the board by appointing Ray Benvenuti , Founder and Managing Director of Concord Investment