NN INC

Listed Company

NNBRCIK 0000918541NasdaqNon-AcceleratedSmaller ReportingMetalworkg Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$422.21M

Net Income

$-34.00M

Total Assets

$440.78M

Equity

$34.00M

Shares Out

50.19M

Op. Cash Flow

$5.67M

Business

NN INC is a diversified industrial manufacturer that combines advanced engineering and materials science to design and produce high-precision components and assemblies for a variety of end markets worldwide. It offers high-precision metal parts, assemblies and finished devices, including electrical contacts, connectors, precision stampings, and system-critical components for power steering, braking, transmissions, HVAC, diesel systems, medical instruments and other applications. The company operates through two business groups, Mobile Solutions and Power Solutions, organized by the end markets they serve. Products are sold globally to manufacturers and distributed directly from facilities in North America, South America, Europe and China.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	422	464	489	499	478
Cost of sales (exclusive of depreciation and amortization shown separately below)	363	395	419	421	390
Selling, General and Administrative Expense	46	49	47	50	51
Depreciation and amortization	36	45	46	47	46
Other operating expense (income), net	−4	2	−2	2	−1
Loss from operations	−19	−28	−22	−21	−9
Interest expense	22	22	21	15	13
Gain (Loss) on Extinguishment of Debt	3	349,000	0	0	2
Other expense (income), net	−5	−5	11	−5	−5
Loss before provision for income taxes and share of net income from joint venture	−40	−45	−54	−31	−22
Provision for income taxes	−3	−2	−2	−2	2
Share of net income from joint venture	9	10	6	7	6
Net loss	−34	−38	−50	−26	−13
Foreign currency translation gain (loss)	10	−9	1	−8	−1
Change in fair value, net of tax	0	0	−230,000	3	59,000
Reclassification adjustments included in net loss, net of tax	0	1	2	420,000	−3
Other comprehensive income (loss)	10	−10	−635,000	−5	2
Comprehensive loss	−24	−49	−51	−31	−11

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	18	22	13	29
Accounts receivable, net	60	62	66	74	71
Inventories	66	62	72	81	75
Income tax receivable	13	13	12	12	12
Prepaid assets	3	3	2	3	2
Other current assets	11	11	9	9	7
Total current assets	164	168	183	192	196
Property, plant and equipment, net	159	162	186	198	209
Operating Lease, Right-of-Use Asset	35	39	43	47	46
Intangible assets, net	31	44	59	73	89
Investment in joint venture	43	35	33	32	34
Deferred tax assets	2	1	734,000	102,000	314,000
Other non-current assets	8	7	7	5	4
Total assets	441	457	511	546	579
Accounts payable	49	39	45	46	37
Accrued salaries, wages and benefits	14	20	15	12	18
Income tax payable	553,000	659,000	524,000	926,000	2
Short-term debt and current maturities of long-term debt	6	5	4	3	3
Operating Lease, Liability, Current	6	6	6	5	6
Other Liabilities, Current	14	13	11	12	9
Total current liabilities	90	84	82	79	74
Deferred tax liabilities	4	5	5	6	7
Long-term debt, net of current maturities	154	144	149	149	151
Operating Lease, Liability, Noncurrent	37	42	47	51	51
Other Liabilities, Noncurrent	9	14	25	10	17
Total liabilities	294	289	308	295	301
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock - $0.01 par value per share, 90,000 shares authorized, 50,196 and 49,908 shares issued and outstanding at December 31, 2025 and 2024, respectively	502,000	499,000	473,000	439,000	430,000
Additional paid-in capital	440	456	458	468	475
Accumulated deficit	−368	−334	−295	−245	−219
Accumulated other comprehensive loss	−39	−48	−38	−37	−32
Total stockholders equity	34	75	125	186	224
Total liabilities, preferred stock, and stockholders equity	441	457	511	546	579

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Income (Loss)	−34	−38	−50	−26	−13
Amortization of debt issuance costs and discount	1	2	2	1	1
Paid-in-Kind Interest	3	3	2	0	0
Impairments of property, plant and equipment	0	7	0	0	0
Loss on extinguishment of debt	3	349,000	0	0	2
Total derivative loss (gain), net of cash settlements	−3	−1	12	−5	−3
Share of net income from joint venture, net of cash dividends received	−6	−3	−2	−347,000	−6
Gain on sale of business	0	−7	0	0	−1
Share-based compensation expense	3	3	3	4	3
Deferred income taxes	−961,000	−690,000	−1	−2	−5
Other	−792,000	−1	−785,000	−3	−3
Accounts receivable	4	−3	9	−5	14
Inventories	−2	4	10	−7	−13
Other operating assets	1	−2	−5	−2	—
Income taxes receivable and payable, net	−837,000	−662,000	−89,000	−1	−5
Accounts payable	11	−4	1	9	343,000
Other operating liabilities	−9	7	3	−2	−3
Net cash provided by operating activities	6	11	29	8	16
Acquisition of property, plant and equipment	−13	−18	−20	−18	−18
Proceeds from sale of property, plant, and equipment	2	306,000	3	460,000	1
Proceeds received from sale of business	0	17	0	0	−4
Net cash used in investing activities	−11	−1	−18	−17	−36
Proceeds from asset backed credit facilities	53	63	61	—	—
Repayments of asset backed credit facilities	−54	−58	−62	—	—
Proceeds from long-term debt	119	0	0	—	—
Repayments of long-term debt	−116	−38	−3	—	—
Cash paid for debt issuance costs	−4	−2	−169,000	−136,000	−7
Proceeds from sale-leaseback of equipment	1	8	0	0	—
Proceeds from sale-leaseback of land and buildings	4	17	0	0	—
Repayments of financing obligations	−1	−781,000	0	0	—
Other	−5	−3	2	−3	−5
Net cash used in financing activities	−2	−13	−3	−5	3
Effect of exchange rate changes on cash flows	1	−592,000	232,000	−887,000	−2
Net change in cash and cash equivalents	−7	−4	9	−16	−19
Non-cash additions to property, plant and equipment	2	3	3	1	4
Non-cash additions to debt issuance costs	0	0	3	0	0
Notes Assumed	1	0	0	—	—
Cash paid for interest, net of capitalized interest	18	18	15	13	11
Income Taxes Paid	5	4	3	—	—
Cash paid for income taxes	5	4	3	5	8

Filings

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