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NNBR NN

NN, Inc. engages in the design and manufacture high-precision solutions, components and assemblies for the medical, aerospace and defense, electrical, automotive, and general industrial markets. It operates through the following segments: Mobile Solutions, Power Solutions, and Life Sciences. The Mobile Solutions segment manufactures system critical components for fuel systems, engines and transmissions, power steering systems, and electromechanical motors. The Power Solutions segment designs and manufactures a broad range of high-precision metal and plastic components, assemblies, and finished devices used in applications ranging from power control to flight control, and for military devices. The Life Sciences segment produces a variety of components, assemblies, and instruments, such as surgical knives, bioresorbable implants, surgical staples, cases and trays, orthopedic implants and tools, laparoscopic devices, and drug delivery devices for the medical and life sciences end market. The company was founded by Richard D. Ennen in October 1980 and is headquartered in Charlotte, NC.

Company profile

Ticker
NNBR
Exchange
Website
CEO
Warren Veltman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NN BALL & ROLLER INC
SEC CIK
IRS number
621096725

NNBR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from NN earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 43.03M 43.03M 43.03M 43.03M 43.03M 43.03M
Cash burn (monthly) 1.7M 3.02M (positive/no burn) 804.83K (positive/no burn) (positive/no burn)
Cash used (since last report) 4.18M 7.4M n/a 1.98M n/a n/a
Cash remaining 38.86M 35.63M n/a 41.06M n/a n/a
Runway (months of cash) 22.8 11.8 n/a 51.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 21 Rajeev Gautam Common Stock Grant Aquire A No No 0 12,615 0 12,615
13 Apr 21 Joao V Faria Common Stock Grant Aquire A No No 0 14,949 0 14,949
23 Mar 21 Shihab A. Kuran Common Stock Grant Aquire A No No 0 17,066 0 17,066

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 88 87 +1.1%
Opened positions 13 13
Closed positions 12 15 -20.0%
Increased positions 31 25 +24.0%
Reduced positions 23 29 -20.7%
13F shares
Current Prev Q Change
Total value 409.87M 329M +24.6%
Total shares 37.42M 38.15M -1.9%
Total puts 24.7K 27K -8.5%
Total calls 104K 50.4K +106.3%
Total put/call ratio 0.2 0.5 -55.7%
Largest owners
Shares Value Change
Primecap Management 5.05M $35.74M -7.3%
Legion Partners Asset Management 3.96M $28.01M +1.9%
Corre Partners Management 3.76M $26.55M 0.0%
Paradigm Capital Management 3.7M $26.15M 0.0%
BLK Blackrock 3.08M $21.81M +3.2%
Dimensional Fund Advisors 2.21M $15.63M -5.5%
Vanguard 2.07M $14.64M +7.5%
WFC Wells Fargo & Co. 1.72M $12.18M -4.5%
Smith, Graham & Co., Investment Advisors 1.45M $10.24M -4.2%
FMR 880.35K $6.22M +7.4%
Largest transactions
Shares Bought/sold Change
PKW Parkwood 0 -860.82K EXIT
Victory Capital Management 794.3K +610.7K +332.6%
THB Asset Management 0 -587.42K EXIT
Private Management 707.79K -544.3K -43.5%
Primecap Management 5.05M -400.25K -7.3%
Pacific Ridge Capital Partners 779.27K +289.9K +59.2%
Kennedy Capital Management 700.05K +245.97K +54.2%
RY Royal Bank Of Canada 178.49K +174.13K +3993.7%
Vanguard 2.07M +144.73K +7.5%
Norges Bank 0 -138.88K EXIT

Financial report summary

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Management Discussion
  • The COVID-19 pandemic continues to disrupt the United States and global economy, and we cannot predict when a full economic recovery will occur, but product volumes are beginning to return to more normalized levels. Our operating results in the first quarter reflect momentum in the recovery of our business from the effects of COVID-19. Although vaccinations are in process and economies across the globe have reopened, many public health experts warn there may be additional COVID-19 surges in 2021. Further surges in the COVID-19 infection rates could result in the reinstatement of directives and mandates requiring businesses to again curtail or cease normal operations. Thus, 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 has since been ramping back up. Disruptions of normal supply chains have caused challenges in obtaining raw materials we use in the manufacture of some of our products. We have been increasing our inventories in the first quarter to mitigate the risk of supply chain disruption for our customers. A worldwide semiconductor chip shortage is beginning to affect original equipment manufacturers, causing unpredictable volumes. The rapid development and fluidity of the situation precludes any prediction as to the ultimate impact COVID-19 will have on our business, financial condition, results of operations, and cash flows, which will depend largely on future developments directly or indirectly relating to the duration and scope of the COVID-19 pandemic.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
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