NN, Inc. (NNBR)

NN, Inc.'s stock experienced significant volatility over the past six months, with a substantial decline in share price. Key events impacting the stock include the formation of a Strategic Committee to review strategic and financial alternatives, a reported loss for the third quarter of 2025 with missed revenue estimates, a mid-quarter business update, executive management presentations at industry conferences, and being dropped from the Russell 2500 Index and the Russell Small Cap Comp Value Index.

NN, Inc. is not subject to material seasonality as a whole, but certain segments experience seasonal trends. European sales tend to be weaker during the summer months, medical device sales often see a boost in the fourth calendar quarter, and sales to Original Equipment Manufacturers (OEMs) are typically stronger immediately before and after the launch of new products.

NN, Inc. is a diversified industrial company specializing in high-precision components and assemblies for various global end markets, operating in the Industrial Machinery/Components industry. It operates through two segments: Mobile Solutions, which focuses on components for the automotive and general industrial markets, and Power Solutions, which serves the aerospace, medical, and industrial markets with advanced technologies and components.

NN, Inc. has a global manufacturing presence with facilities in North America, South America, Europe, and China. The company's headquarters are located in Charlotte, North Carolina, and it operates 27 facilities worldwide.

NN, Inc. has focused on strategic initiatives to enhance its brand and operational standing, emphasizing technological advancement and innovation. The company is undergoing a strategic pivot towards high-value, high-growth sectors like Medical and Electrical, aiming for improved gross margins. There has been a renewed focus on strategic growth, operational efficiency, and expanding the global footprint. The company anticipates a third consecutive year of positive free cash flow in 2025 and is on track for record adjusted EBITDA for the full fiscal year 2025. NN, Inc. has also been active in building a sales pipeline exceeding $800 million, securing approximately $200 million in new business, and entering the medical and data center markets. Despite these efforts, the company has faced challenges, including a significant stock price decline, a substantial debt burden, and a material weakness in its internal controls over financial reporting.

NN, Inc.'s ownership is a mix of institutional, retail, and individual investors. Institutional investors hold approximately 51.52% to 56.22% of the company's stock, while insiders own about 9.50%. Public companies and individual investors account for approximately 4.70% to 34.27% of the ownership. Major institutional owners include Corre Partners Management, LLC, Legion Partners Asset Management, LLC, Nomura Holdings Inc, Paradigm Capital Management Inc/ny, First Manhattan Co, Nantahala Capital Management, LLC, Vanguard Group Inc, Morgan Stanley, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and Register Financial Advisors LLC. Christopher Kiper is noted as the largest individual owner.