NN (NNBR)

NN, Inc., a diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has 32 facilities in North America, Europe, South America, and China.

Company profile

Ticker

NNBR

Exchange

NASDAQ

Website

www.nnbr.com

CEO

Warren Veltman

Incorporated

Delaware

Location

North Carolina

Fiscal year end

Dec 31

Sector

Manufacturing > Ball and Roller Bearing Manufacturing

Industry (SIC)

Metalworkg Machinery & Equipment

SPX • SPX FLOW • Lincoln Electric • P & F Industries • Chicago Rivet & Machine ...

Former names

NN BALL & ROLLER INC

SEC CIK

0000918541

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Advanced Precision Products, Inc. • Autocam (China) Automotive Components Co., Ltd. • Autocam Corporation • Autocam do Brasil Usinagem, Ltda. • Autocam Equipment Holdings, LLC • Autocam Equipment, LLC • Autocam Europe, B.V. • Autocam France, S.A.R.L. • Autocam International, Ltd. • Autocam South Carolina, Inc. ...

IRS number

621096725

NNBR stock data

1M 1Y 5Y

News

From Benzinga Pro

Executives Buy Around $9M Of 4 Penny Stocks

18 May 22

The Nasdaq Composite index jumped by more than 300 points on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

12 Industrials Stocks Moving In Tuesday's Pre-Market Session

17 May 22

12 Industrials Stocks Moving In Friday's Pre-Market Session

13 May 22

11 Industrials Stocks Moving In Wednesday's Intraday Session

11 May 22

12 Industrials Stocks Moving In Friday's Pre-Market Session

6 May 22

Press releases

From Benzinga Pro

NN, Inc. Reports Financial Results for First Quarter

5 May 22

CHARLOTTE, N.C., May 05, 2022 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2022. Warren Veltman, President

NN, Inc. To Hold First Quarter 2022 Earnings Conference Call on Friday, May 6, 2022

22 Apr 22

CHARLOTTE, N.C., April 22, 2022 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a diversified industrial company, today announced that it will release its first quarter 2022 financial results for the period ended March

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

6 May 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart NNBR financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	20.63M	20.63M	20.63M	20.63M	20.63M	20.63M
Cash burn (monthly)	2.68M	1.87M	1.14M	1.12M	1.74M	(no burn)
Cash used (since last report)	7.69M	5.37M	3.28M	3.21M	5M	n/a
Cash remaining	12.93M	15.26M	17.35M	17.42M	15.62M	n/a
Runway (months of cash)	4.8	8.2	15.2	15.6	9.0	n/a

Beta Read what these cash burn values mean

Financial data from NN earnings reports.

Recent insider trades

NNBR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Jun 22	Corre Partners Management	Common Stock, par value $0.01 per share	Buy	Acquire P	Yes	No	2.3645	16,883	39.92K	4,519,517
22 Jun 22	Corre Partners Management	Common Stock, par value $0.01 per share	Buy	Acquire P	Yes	No	2.3303	51,200	119.31K	4,502,634
14 Jun 22	JR. Michael C. Felcher,	Common Stock	Payment of exercise	Dispose F	No	No	2.85	671	1.91K	63,185
20 May 22	Joao V Faria	Common Stock	Buy	Acquire P	No	No	2.5982	7,700	20.01K	57,777
17 May 22	Benvenuti Raynard D.	Common Stock	Buy	Acquire P	Yes	No	2.414	10,000	24.14K	20,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NNBR institutional ownership history Ownership history

83.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	80	82	-2.4%
Opened positions	11	11	–
Closed positions	13	13	–
Increased positions	18	28	-35.7%
Reduced positions	34	25	+36.0%

13F shares	Current	Prev Q	Change
Total value	105.7M	243.68M	-56.6%
Total shares	36.84M	36.79M	+0.1%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Paradigm Capital Management	4.3M	$12.39M	0.0%
Legion Partners Asset Management	4.07M	$11.73M	0.0%
Corre Partners Management	4.06M	$11.69M	+8.1%
BLK Blackrock	2.84M	$8.18M	-2.7%
Primecap Management	2.64M	$7.59M	-4.8%
Royce & Associates	2.15M	$6.2M	+7.9%
NMR Nomura	2.14M	$6.1M	+1135.5%
Dimensional Fund Advisors	1.95M	$5.63M	-1.3%
Vanguard	1.75M	$5.03M	-10.7%
Allspring Global Investments	1.4M	$4.02M	-4.0%

Largest transactions	Shares	Bought/sold	Change
NMR Nomura	2.14M	+1.96M	+1135.5%
Smith, Graham & Co., Investment Advisors	587.54K	-937.04K	-61.5%
Corre Partners Management	4.06M	+304.57K	+8.1%
Russell Investments	65.27K	-276.75K	-80.9%
Parametric Portfolio Associates	452.85K	-274.53K	-37.7%
Invenomic Capital Management	572.57K	+271.39K	+90.1%
Renaissance Technologies	426.5K	+239.51K	+128.1%
Aqr Capital Management	0	-215.35K	EXIT
Vanguard	1.75M	-210.21K	-10.7%
Jacobs Levy Equity Management	0	-191.56K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Aegon N. V. - New York Shares

Risks

Our international operations and business, financial condition, and prospects may be adversely affected by the current military conflict between Russia and Ukraine and other future social and geopolitical instability.

Management Discussion

Although the United States and global economy continue to recover from the COVID-19 pandemic, we cannot predict when a full economic recovery will occur. The impact of new and more easily transmitted variants of COVID-19, such as the Delta and Omicron variants, cannot be predicted at this time and could depend on numerous factors, including vaccination rates among the population, the effectiveness of COVID-19 vaccines against any new variants, and the response by governmental bodies and regulators. Further surges in COVID-19 infection rates could result in the reinstatement of directives and mandates requiring businesses to again curtail or cease normal operations.
The spread of COVID-19 and the responses thereto have created a disruption in the manufacturing, delivery, and overall supply chain of automobile manufacturers and suppliers, as well as disruption within the power industry. Global vehicle production decreased significantly in 2020, but production ramped back up in 2021. However, production continues to be impacted by disruptions of global supply chains, which have caused challenges in obtaining raw materials we use in the manufacture of some of our products. In addition, power shortages in China have resulted in widespread blackouts, often without any or little notice. These blackouts caused us and other manufacturers in the region to shut down production until power was restored. Supply chain and COVID-19 related disruptions are expected to continue during 2022.
Inflation triggered by the unprecedented economic impact of the COVID-19 pandemic has increased our manufacturing cost, particularly labor and materials, and is expected to continue into future periods. A worldwide semiconductor chip shortage

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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Removed: achievement, adjustment, agreed, Aid, amendment, American, amortization, application, authorized, board, building, built, buyer, carried, Chancery, closed, committee, complexity, consent, consisted, contingent, continuing, conversion, convert, corporate, Corre, decrease, degree, Delaware, depreciation, discontinuation, discontinued, disposition, disrupt, distribution, drove, earnout, EBITDA, enacted, estimated, estimating, estimation, exceeded, expanding, falling, finance, Fund, gain, GILTI, goodwill, half, high, historical, Historically, Horizon, improve, improved, improvement, increasing, incremental, indemnify, indexed, inflow, initiative, interpolation, issue, judgment, lease, leased, leasehold, legislation, lending, Life, LLC, long, LP, make, Master, meaningful, multiplied, noncurrent, October, ownership, participant, percentage, permitted, positively, prepay, prepayment, produce, product, receiving, reclassification, record, refinanced, reflected, remeasurement, rent, resident, residual, resulting, retrospective, revised, Revolver, ROU, section, Security, sharp, shown, simplification, Simplifying, single, SmallCap, SPA, space, specific, stated, strategic, support, tabular, target, terminate, tested, transition, utilized, VAT

From filing 10-Q 2022 Q1

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