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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
Website
CEO
Warren Veltman
Employees
Incorporated
Location
Fiscal year end
Former names
NN BALL & ROLLER INC
SEC CIK
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

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 May 22
26 Jun 22
31 Dec 22
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

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
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

Financial report summary

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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

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