NN INCNNBR
NN INC Segments Disclosure
Segment Information
Our business is aggregated into the following two reportable segments.
•Mobile Solutions. Mobile Solutions is focused on growth in the automotive, general industrial, and medical end markets. We have developed an expertise in manufacturing highly complex, tight tolerance, system critical components. Our technical capabilities can be utilized in numerous applications including for use in battery electric, hybrid electric, and internal combustion engine vehicles. The group currently manufactures components on a high-volume basis for use in power steering, braking, transmissions, and gasoline fuel system applications, along with components utilized in heating, ventilation and air conditioning and diesel injection and diesel emissions treatment
applications. This expertise has been gained through investment in technical capabilities, processes and systems, and allows us to provide skilled program management and product launch capabilities.
•Power Solutions. Power Solutions is focused on growth in the electrical, general industrial, automotive, and medical end markets. Within this group we combine materials science expertise with advanced engineering and production capabilities to design and manufacture a broad range of high-precision metal components, assemblies, and finished devices used in applications ranging from power control to transportation electrification. We manufacture a variety of products including electrical contacts, connectors, contact assemblies, and precision stampings for the electrical end market and high precision products for the aerospace and defense end market utilizing our extensive process technologies for optical grade plastics, thermally conductive plastics, titanium, Inconel, magnesium, and electroplating. Our medical business includes the production of a variety of tools and instruments for the orthopedics and medical/surgical end markets.
These reportable segments are considered our two operating segments as each has engaged in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the chief operating decision maker (“CODM”) reviews discrete financial information for purposes of allocating resources and assessing performance. The CODM, who is our President and Chief Executive Officer, uses segment operating income (loss) to evaluate the performance of our segments each quarter and for annual forecasting purposes. Operating income (loss) is used to make key operating decisions, such as the amount and timing of capital expenditures, plant optimization actions, and allocation of management resources. In addition to our two reportable segments, we report a Corporate category which includes corporate costs and unallocated expenses. Accounting for transactions between segments are recorded at cost.
The following tables reconcile segment revenues to consolidated loss before provision for income taxes and share of net income from joint venture.
| Year Ended December 31, 2025 | Mobile Solutions | Power Solutions | Corporate and Eliminations | Total | |||||||||||||||||||
| Sales | $ | 244,016 | $ | 178,626 | (435) | $ | 422,207 | ||||||||||||||||
| Cost of sales | 215,933 | 147,382 | (467) | 362,848 | |||||||||||||||||||
| Selling, general, and administrative expense | 15,009 | 10,698 | 20,464 | 46,171 | |||||||||||||||||||
| Depreciation expense | 17,520 | 3,215 | 1,567 | 22,302 | |||||||||||||||||||
| Other segment items (1) | 3,575 | 7,010 | (784) | 9,801 | |||||||||||||||||||
| Segment operating income (loss) | $ | (8,021) | $ | 10,321 | $ | (21,215) | $ | (18,915) | |||||||||||||||
| Interest expense | 22,367 | ||||||||||||||||||||||
| Loss on extinguishment of debt | 3,007 | ||||||||||||||||||||||
| Other income, net | (4,568) | ||||||||||||||||||||||
| Loss before provision for income taxes and share of net income from joint venture | $ | (39,721) | |||||||||||||||||||||
| Year Ended December 31, 2024 | Mobile Solutions | Power Solutions | Corporate and Eliminations | Total | |||||||||||||||||||
| Sales | $ | 283,944 | $ | 180,545 | (199) | $ | 464,290 | ||||||||||||||||
| Cost of sales | 251,847 | 143,197 | (232) | 394,812 | |||||||||||||||||||
| Selling, general, and administrative expense | 14,672 | 12,987 | 21,822 | 49,481 | |||||||||||||||||||
| Depreciation expense | 26,027 | 3,994 | 1,558 | 31,579 | |||||||||||||||||||
| Other segment items (1) | 9,476 | 7,256 | (766) | 15,966 | |||||||||||||||||||
| Segment operating income (loss) | $ | (18,078) | $ | 13,111 | $ | (22,581) | $ | (27,548) | |||||||||||||||
| Interest expense | 22,095 | ||||||||||||||||||||||
| Loss on extinguishment of debt | 349 | ||||||||||||||||||||||
| Other income, net | (4,558) | ||||||||||||||||||||||
| Loss before provision for income taxes and share of net income from joint venture | $ | (45,434) | |||||||||||||||||||||
| Year Ended December 31, 2023 | Mobile Solutions | Power Solutions | Corporate and Eliminations | Total | |||||||||||||||||||
| Sales | $ | 303,335 | $ | 185,948 | (13) | $ | 489,270 | ||||||||||||||||
| Cost of sales | 271,110 | 148,096 | (31) | 419,175 | |||||||||||||||||||
| Selling, general, and administrative expense | 14,471 | 13,104 | 19,861 | 47,436 | |||||||||||||||||||
| Depreciation expense | 25,803 | 4,504 | 1,646 | 31,953 | |||||||||||||||||||
| Other segment items (1) | 3,700 | 9,148 | (338) | 12,510 | |||||||||||||||||||
| Segment operating income (loss) | $ | (11,749) | $ | 11,096 | $ | (21,151) | $ | (21,804) | |||||||||||||||
| Interest expense | 21,137 | ||||||||||||||||||||||
| Other expense, net | 10,730 | ||||||||||||||||||||||
| Loss before provision for income taxes and share of net income from joint venture | $ | (53,671) | |||||||||||||||||||||
_______________________________
(1) Other segment items includes amortization expense and other operating expenses and income.
The following table presents capital expenditures and depreciation and amortization by reportable segment.
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Capital expenditures: | |||||||||||||||||
| Mobile Solutions | $ | 9,031 | $ | 13,438 | $ | 15,387 | |||||||||||
| Power Solutions | 2,680 | 3,252 | 3,643 | ||||||||||||||
| Corporate | 1,208 | 1,624 | 1,466 | ||||||||||||||
| Total | $ | 12,919 | $ | 18,314 | $ | 20,496 | |||||||||||
| Depreciation and amortization: | |||||||||||||||||
| Mobile Solutions | $ | 20,873 | $ | 29,381 | $ | 29,156 | |||||||||||
| Power Solutions | 13,483 | 14,363 | 15,318 | ||||||||||||||
| Corporate | 1,567 | 1,558 | 1,646 | ||||||||||||||
| Total | $ | 35,923 | $ | 45,302 | $ | 46,120 | |||||||||||
The following table summarizes total assets by reportable segment.
| As of December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Mobile Solutions (1) | $ | 287,974 | $ | 294,204 | |||||||
| Power Solutions | 123,883 | 124,460 | |||||||||
| Corporate | 28,927 | 38,229 | |||||||||
| Total | $ | 440,784 | $ | 456,893 | |||||||
_______________________________
(1) Total assets in Mobile Solutions includes $42.5 million and $35.0 million as of December 31, 2025 and 2024, respectively, related to our investment in the JV.
The following table summarizes long-lived tangible assets by country.
| As of December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| United States | $ | 104,110 | $ | 113,846 | |||||||
| China | 40,724 | 39,909 | |||||||||
| France | 21,861 | 20,713 | |||||||||
| Brazil | 13,998 | 12,585 | |||||||||
| Poland | 10,058 | 9,131 | |||||||||
| Mexico | 3,289 | 5,167 | |||||||||
| All foreign countries | $ | 89,930 | $ | 87,505 | |||||||
| Total | $ | 194,040 | $ | 201,351 | |||||||
The following table summarizes revenue by country, based on our customers’ shipping destination.
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| United States | $ | 228,836 | $ | 265,020 | $ | 294,045 | |||||||||||
| China | 71,842 | 67,957 | 58,195 | ||||||||||||||
| Brazil | 41,373 | 44,302 | 48,696 | ||||||||||||||
| Mexico | 15,820 | 25,663 | 26,683 | ||||||||||||||
| Germany | 12,188 | 10,083 | 8,700 | ||||||||||||||
| Poland | 3,750 | 4,120 | 6,161 | ||||||||||||||
| Other | 48,398 | 47,145 | 46,790 | ||||||||||||||
| Total net sales | $ | 422,207 | $ | 464,290 | $ | 489,270 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 4, 2026 | Showing above |
| 2024 | Mar 6, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Mar 18, 2019 | |
| 2017 | Apr 2, 2018 | |
| 2016 | Mar 16, 2017 | |
| 2015 | Mar 15, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.