What factors drove the changes in NN's revenue and profit?

What is the revenue and EPS growth rate for NN year over year?

What were the key takeaways from NN’s earnings call?

What is NN's gross profit margin?

What guidance did NN's management provide for the next earnings period?

What is the market's earnings forecast for NN next quarter?

Did NN beat or miss consensus estimates last quarter?

What does NN do and what are its main business segments?

- **Strategic Growth Acceleration**: 2026 targets $445-465 million in sales, fueled by $70-80 million in new wins and $20 million CapEx doubling. Defense and data center wins drive immediate margin expansion.
- **Operational Excellence**: 18.8% gross margin (Q4 2025) nearing 20% goal; $15 million cost-out in 2025, with another $10 million planned. Q1 2026 orders exceed expectations, backed by strong commercial vehicle and defense demand.
- **Market Focus Shift**: Exiting low-margin automotive parts; 60% of sales now in high-value markets (data center, defense). 2026 program launches to add $20-25 million in revenue.

**【CEO Summary Section】**
- **Revenue Growth and Strategic Shifts**: 2025 marked the third consecutive year of improved results, with adjusted EBITDA reaching recent highs. The company shifted focus to higher-value markets (defense, medical, data centers) and exited low-margin automotive parts. New business wins exceeded $200 million since 2023, with a pipeline of $800 million. 2026 targets include net sales growth of $445-465 million and $70-80 million in new wins.
- **Operational Efficiency**: Achieved $15 million cost-out in 2025, with another $10 million planned for 2026. Adjusted gross margin improved to 18.8% (Q4 2025), nearing the 20% long-term goal. SG&A as a percentage of sales dropped to 10.9%.
- **Market Outlook**: Defense and commercial vehicle markets are strong, while automotive remains volatile. 2026 expects growth from program launches and a record $100+ program launches.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Net sales $104.7 million (down 1.7% pro forma), adjusted EBITDA $12.9 million (up 9.3% pro forma). Power Solutions segment grew 14.9% due to defense and electronics wins. Mobile Solutions segment EBITDA margins expanded 160 basis points to 16.9%.
- **Full Year 2025**: Adjusted EBITDA $49 million (up 1.4% pro forma). Power Solutions net sales grew 5.3%, while Mobile Solutions declined 9.3% due to automotive rationalization.
- **2026 Guidance**: Net sales $445-465 million, adjusted EBITDA growth driven by higher-margin programs and $10 million cost-out.

**【Q&A Highlights】**
- **Data Center Opportunity**: First direct win for high-precision water-tight couplings in cooling systems, with immediate ramp-up. Additional cable assembly prospects in pipeline.
- **CapEx and Growth**: Doubling 2026 CapEx to $20 million (vs. $10 million in 2025), focused on growth programs. 2026 launches expected to contribute $20-25 million in revenue.
- **Q1 Strength**: Strong backlog and orders suggest Q2 visibility, aligning with 2026 sales guidance. Defense and commercial vehicle prebuy activity driving momentum.

NN, Inc. (NNBR) Q4 2025 Earnings Call Transcript

- **Revenue Resilience**: Q3 sales $104M, with $11M new wins offsetting automotive headwinds. Defense/medical pipeline >$850M.
- **Margin Expansion**: Adjusted EBITDA +7.9% YoY to $12.4M; gross margin 19% (350bps improvement YoY).
- **Strategic Momentum**: 40+ M&A targets in pipeline; plant rationalization to eliminate $5M+ EBITDA drag.
- **China Strength**: JV generates $130M sales, 24% EBITDA margin; total China sales $70M+.
- **Defense Growth**: Aerospace/defense sales up 50% YoY, targeting $20M+ in 2026.

**【CEO Summary Section】**
- **Sales Growth and New Wins**: Q3 sales of $104M, with $11M in new wins (defense and medical). Total pipeline exceeds $850M, with a 20% hit rate. Key wins include $5M+ annually in defense and medical.
- **Market Dynamics**: Automotive sales down due to industry destocking, but ICE portfolio strength provides resilience. Defense market growth driven by federal appropriations (~$500B by 2023).
- **Strategic Initiatives**: M&A pipeline active with 40+ targets; preferred equity refinancing discussions underway. Plant rationalization to eliminate $5M+ EBITDA drag in Q4.
- **Financial Highlights**: Adjusted EBITDA up 7.9% YoY to $12.4M; free cash flow $9M (excluding CARES Act). Gross margin 19%, impacted by 350bps from precious metals.

**【CFO Financial Commentary】**
- **Q3 Results**: Net sales $103.9M (-9.7% YoY), adjusted operating income $4M (+100% YoY). Power Solutions segment EBITDA up 39% YoY to $8.9M; Mobile Solutions down 26% YoY due to underperforming business.
- **Margins**: Adjusted EBITDA margin 11.9% (+170bps YoY). Power Solutions gross margin 19.8% (+500bps YoY). Mobile Solutions margin 11.4% (-120bps YoY).
- **Cash Flow**: Free cash flow $9M (vs. -$2M YoY). Working capital improved $21M over 2 years, driven by AR/Inventory reductions.

**【Q&A Highlights】**
- **China Operations**: JV generates $130M sales, 24% EBITDA margin. Wholly-owned stamping plant exports to medical market. Total China sales $70M+.
- **Free Cash Flow Outlook**: 2026 target $10M+ (excluding CARES Act). 2025 guidance assumes $15M Q4, but IRS delay could limit to $2-3M.
- **Capacity Utilization**: Power Solutions at 60% capacity; Mobile Solutions 60-80% across facilities.
- **M&A Strategy**: Refinancing discussions with stakeholders; no timeline for preferred equity elimination.
- **Defense Growth**: Aerospace/defense sales up 50% YoY, targeting $20M+ in 2026. Gold plating specs drive margin accretion.


NN, Inc. (NNBR) Q3 2025 Earnings Call Transcript

- **Revenue Resilience**: $107.9M Q2 sales, 19.5% gross margin, $13.2M EBITDA. New business wins $32.7M YTD, targeting $65M annual.
- **Margin Expansion**: Gross margin +190bps YoY to 18.2%; EBITDA margin 11.2% (+100bps YoY). Aiming for 20% gross margin and 13-14% EBITDA.
- **China Growth**: Auto market up 6% YoY; BYD partnerships driving steering/braking components. Medical machines ramping to $40M+ capacity.
- **M&A Activity**: Actively pursuing acquisitions with immediate synergies; Board-led process with Marathon Capital support.
- **Financial Health**: Free cash flow $14-16M; CARES Act refund imminent. Working capital optimization plans.

**【Management Opening Remarks】**
- Q2 2025 revenue: $107.9 million (adjusted for Lubbock sale). Adjusted EBITDA: $13.2 million (12.2% of sales). Gross margin: 19.5%, up 190bps YoY. New business wins: $32.7M YTD, on track for $65M annual goal. Portfolio: 39% automotive, 61% non-automotive. Refinanced term loan; focused on preferred stock refinancing.

**【CEO Commentary】**
- **Market Performance**: Automotive global turmoil offset by 70+ new programs. Non-automotive growth driven by GDP-linked businesses (e.g., smoke detectors, lasers). China auto market resilient; NN serves BYD with steering/braking components. Commercial vehicles down but NN up due to fuel efficiency focus. Medical equipment growth via new talent and 60 dedicated machines.
- **Operational Efficiency**: OneTeam salaried approach reduces costs, improves on-time delivery. Working capital sticky due to metal price escalation (gold, silver, steel, etc.). Aiming for 20% gross margin and 13-14% EBITDA margin.

**【COO Transformation Update】**
- **Margin Expansion**: Gross margin 18.2% YTD (vs. 16.3% FY23), EBITDA margin 11.2% (up 100bps YoY). Closed Dowagiac and Juarez plants, reduced staff by 600 (20%), added 80 in sales/engineering. On track for 20% gross margin and 13-14% EBITDA margin.
- **New Business Momentum**: $172M cumulative wins YTD, $750M pipeline. China auto market growth via leased equipment (3% interest rate). Medical machines ramping to $40M+ capacity.

**【CFO Financial Review】**
- **GAAP Results**: Net sales $107.9M (-15% YoY). Pro forma net sales -2.4% YoY. Adjusted EBITDA $13.2M (+6.5% YoY). Margins: 12.2% (130bps YoY). Power Solutions EBITDA +5.8% YoY; Mobile Solutions EBITDA +$0.4M YoY.
- **Guidance**: FY25 sales $430-460M, EBITDA $53-63M (lower end expected). Free cash flow $14-16M (includes $18-20M capex). CARES Act refund imminent.

**【Q&A Highlights】**
- **New Business Wins**: 3-4pts EBITDA accretion. Electrical/harness market entry via ITAR/FDA certifications. China auto growth via BYD partnerships. M&A pipeline active, focusing on synergies. Working capital improvement plans. Tax refund expected Q3. Medical machines ramping to $30-35M run rate.

NN, Inc. (NNBR) Q2 2025 Earnings Call Transcript

- **New business momentum**: $55M in new wins ramping in H2 2025, including $40M medical pipeline and major industrial products win. 
- **Cost efficiency**: 16.1% headcount reduction since Q2 2023, driving $15M annualized savings. 
- **Market resilience**: Flat Q1 sales despite 40% automotive exposure, supported by PIGS program. 
- **Tariff opportunities**: Actively pursuing $750M pipeline in reshoring and supply chain shifts. 
- **Free cash flow visibility**: $14M-$16M guidance includes $12.3M CARES Act refund and disciplined CapEx. 


**【CEO Opening Remarks】**
- Q1 2025 net sales were flat year-over-year on a pro forma basis, driven by new business wins and cost reduction programs. The company reconfirmed its full-year guidance for EBITDA ($53M-$63M) and new business awards ($60M-$70M). 
- Introduced the PIGS (Profitable Immediate Growth Strategy) program, which secured 120 new programs worth $55M in annualized sales. Key wins include a $40M pipeline in medical devices and a major industrial products win. 
- Base business softened in automotive (40% of sales), but new business offsets market uncertainty. 
- 2025 cost-out plan targets $15M in savings through workforce reduction (16.1% headcount decline since Q2 2023) and operational efficiency improvements. 

**【CFO Financial Highlights】**
- Q1 2025 adjusted EBITDA: $10.6M (flat vs. Q1 2024 on a pro forma basis). Adjusted gross margin: 16.9% (on track to meet 5-year target of 19%-20%). 
- Working capital reduced by $4.8M YoY to $84.8M, with a goal to lower to 16%-17% of revenue. 
- Free cash flow guidance: $14M-$16M, driven by cost-out actions and $12.3M CARES Act refund. 
- Power Solutions segment (+4% pro forma sales) and Mobile Solutions segment (13% EBITDA margin) showed resilience despite market headwinds. 

**【COO Operational Updates】**
- Achieved $2.7M improvement in adjusted operating income vs. Q1 2024, driven by cost-out initiatives. 
- April 2025 volume exceeded internal forecasts, with standout performance in North American machining (+22% vs. Q1 2025 average) and Medical division (+35% YoY). 
- Working capital reduction initiatives will continue, targeting an additional $5M reduction by Q3 2025. 

**【Q&A Key Takeaways】**
- **Tariff-related opportunities**: 2 major RFQs in automotive reshoring (US/Canada) and European-China supply chain shifts. 50% of new business requires capital investment. 
- **EV/Hybrid market balance**: Slower EV transition creates hybrid engine demand, aligning with legacy machining/stamping assets. EV shielding business adds $5.6M in 2026 peak sales. 
- **New business timing**: ~50% of $55M PIGS program revenue will flow in H2 2025, with 3-6 month ramp-up periods. 
- **Plant consolidation**: 2 remaining underperforming plants under evaluation for closure. 
- **Free cash flow composition**: Includes $12.3M CARES Act refund and $10M annual CapEx target. 


NN (NNBR)-8 May 25-2025 Q1 Earnings call transcript

- **Business Turnaround**: 2024 new business wins exceed $150M, with 70 programs launching in 2025; 70% of new wins from existing customers off new business hold.
- **Operational Efficiency**: Group of Seven plants EBITDA loss reduced by 25% YoY; 2025 target: $75M revenue, $5M+ EBITDA.
- **Financial Momentum**: 2024 adjusted EBITDA $48.3M (+12% YoY); 2025 outlook: $53M-$63M EBITDA, 20%+ gross margin achievable.
- **China Growth**: China JV exports growing to 50% of output; wholly-owned China entity at capacity with $130M+ revenue.

**【CEO Business Update】**
- **Five-Year Transformation Plan Progress**: 60% complete, with $150M in new business wins and 70 programs launching in 2025. 80% of new leadership team is in place.
- **Tariff Impact**: Short-term, minimal direct impact; 70% of new business wins are with existing customers off new business hold.
- **Plant Optimization**: Closed 2 plants, 2 more in process; remaining 5 plants expected to generate $75M in revenue and $5M+ EBITDA in 2025.
- **Non-Automotive Growth**: Medical, electrical, and stamped products pipeline exceeds $25M, with 11 U.S. plants now producing medical components.

**【COO Operational Improvements】**
- **Group of Seven Plants**: 2023 EBITDA loss of $12M → 2024 loss of $9M (incl. closures). 2025 target: $75M revenue, $5M+ EBITDA.
- **Capacity Utilization**: 11 programs moving from China to U.S. (e.g., Kentwood plant); France plant to reach capacity with new win.
- **Customer Scorecards**: All plants now have green scorecards, enabling new business wins.

**【CFO Financial Highlights】**
- **Q4 2024 Results**: Net sales $106.5M (-5% YoY), adjusted EBITDA $12.1M (+21% YoY). Pro-forma net sales $106.5M (+2% YoY), adjusted EBITDA $12.1M (+25% YoY).
- **Full Year 2024**: Adjusted EBITDA $48.3M (+12% YoY), margin 10.4% (vs. 8.8% YoY).
- **2025 Outlook**: Net sales $450M-$480M, adjusted EBITDA $53M-$63M, new business wins $65M.
- **Balance Sheet**: ABL refinanced in Q4 2024; term loan refinancing underway, targeting Q2 2025 completion.

**【Q&A Key Takeaways】**
- **China JV Export**: ~50% of China JV output now exported to Europe, Africa, Brazil; wholly-owned China entity at capacity.
- **Plant Closures**: Dowagiac (owned) to close Q2 2025; Juarez (leased) production ended; 1 more plant to close in 2026.
- **Tariff Risk**: Minimal direct impact; indirect risk via Class 8 truck supply chain disruptions (not material to NN's work truck focus).
- **Gross Margin Target**: 20%+ achievable via cost-out ($3M/year) and new business wins (>$20% margin).

Actual											0.01	-0.11	0.07	0.17	0.05	0.01	0.01	-0.01	0	-0.09	0.03	-0.12	-0.12	-0.08	0.01	-0.1	-0.08	-0.02	-0.05	-0.02	-0.03	0.02	-0.01	0
Forecast											-0.002	-0.1878	-0.018	-0.046	0.03	0.06	0.005	-0.065	-0.025	0.02	0.01	-0.02	-0.0667	-0.065	-0.065	-0.08	-0.075	-0.055	-0.0333	-0.1167	-0.0367	-0.0033	0.0067	0.01
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+600.00%	+41.43%	+488.89%	+469.57%	+66.67%	-83.33%	+100.00%	+84.62%	+100.00%	-550.00%	+200.00%	-500.00%	-79.91%	-23.08%	+115.38%	-25.00%	-6.67%	+63.64%	-50.15%	+82.86%	+18.26%	+706.06%	-249.25%	-100.00%

Actual	--	--	--	--	--	--	--	--	--	--	199.75M	150.42M	113.76M	119.03M	126.80M	123.16M	117.24M	110.40M	128.07M	125.36M	127.30M	118.01M	127.09M	125.21M	124.44M	112.53M	121.20M	122.99M	113.59M	106.51M	105.69M	107.92M	103.88M	104.72M
Forecast	--	--	--	--	--	--	--	--	--	--	197.56M	154.16M	176.74M	108.81M	121.92M	122.00M	116.90M	111.60M	114.35M	128.90M	131.57M	123.30M	131.03M	131.60M	123.30M	113.15M	120.13M	123.22M	120.50M	108.60M	109.70M	110.79M	111.77M	105.36M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+1.11%	-2.42%	-35.63%	+9.39%	+4.00%	+0.95%	+0.29%	-1.08%	+12.00%	-2.74%	-3.25%	-4.29%	-3.01%	-4.86%	+0.93%	-0.55%	+0.89%	-0.19%	-5.74%	-1.92%	-3.66%	-2.59%	-7.06%	-0.62%

NNBR

NNBR fundamentals

NNBR Q4 2025 Earnings

Earnings Call

You can ask Aime

NNBR

NNBR fundamentals

NNBR Q4 2025 Earnings

Earnings Call

NNBR Earnings Call Summary for Q4/20259:00 AM on Mar 5, 2026

NNBR Earnings Call Summary for Q3/20259:00 AM on Oct 30, 2025

NNBR Earnings Call Summary for Q2/20259:00 AM on Aug 7, 2025

NNBR Earnings Call Summary for Q1/20259:00 AM on May 8, 2025

NNBR Earnings Call Summary for Q4/20249:00 AM on Mar 6, 2025

You can ask Aime