Nn(NASDAQ) NNBR

NN, Inc. makes tiny metal parts for cars and planes. They help vehicles steer safely and engines run efficiently. Their precision tools also assist doctors during surgical procedures.

Precision Parts for Big Systems

• Mobile Solutions: Components for steering, braking, and fuel systems in the automotive and industrial sectors; earned $66.6 million in net sales for the three months ended June 30, 2026.
• Power Solutions: Electrical contacts and connectors for aerospace, defense, and power regulation; earned $62.3 million in net sales for the three months ended June 30, 2026.
• Medical and Surgical Tools: Specialized instruments and tools for orthopedic procedures and general surgical applications.

Streamlining the Global Footprint

• Closed manufacturing facilities in Juarez, Mexico, and Dowagiac, Michigan, during the first quarter of 2025 to improve operational efficiency.
• Generated $70.4 million in net proceeds through a private placement of common stock on July 2, 2026.
• Redeemed 36,750 shares of preferred stock for $70.0 million in August 2026 to simplify the corporate capital structure.
• Maintained a 49% stake in a Chinese joint venture that reached $38.8 million in net sales for the three months ended June 30, 2026.

Engineering Meets Material Science

NN combines deep expertise in materials science with advanced engineering to create high-precision components and complex assemblies. The company manages a global manufacturing footprint that serves critical industrial, medical, and aerospace markets.

Performance by the Numbers

• Net sales rose 19.3% year over year to $128.7 million for the three months ended June 30, 2026.
• Net loss narrowed to $2.3 million for the three months ended June 30, 2026, compared to $8.1 million during the same period in 2025.
• Cash provided by operations reached $11.8 million for the six-month period ended June 30, 2026.
• Power Solutions segment income from operations increased by $3.3 million during the three months ended June 30, 2026.
• The company received a $12.7 million tax refund in May 2026 under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

A Leaner Industrial Future

NN has transitioned into a leaner manufacturer by closing underperforming plants and reducing high-cost debt. These actions help the business focus on supplying essential components to global industrial and automotive customers.