NN Inc ( (NNBR) ) has released its Q2 earnings. Here is a breakdown of the information NN Inc presented to its investors.
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NN, Inc., headquartered in Charlotte, North Carolina, is a global diversified industrial company specializing in the engineering and manufacturing of high-precision components and assemblies for various markets worldwide. The company operates in North America, South America, Europe, and China, leveraging advanced engineering and materials science expertise.
In its second quarter of 2025 earnings report, NN, Inc. highlighted improvements in operating income and adjusted EBITDA, despite a slight decline in net sales compared to the previous year. The company also emphasized its strategic focus on new business programs and reiterated its full-year guidance for 2025.
Key financial metrics for the quarter included net sales of $107.9 million, a 2.4% decrease on a pro forma basis, and an adjusted EBITDA of $13.2 million, representing a margin of 12.2%. The company reported an operating loss of $1.5 million but achieved an adjusted operating income of $4.9 million, marking a $2.8 million improvement. NN, Inc. secured new business wins worth $32.7 million in the first half of 2025 and plans to launch over 100 new programs this year, expected to generate more than $45 million in future sales.
Despite challenges in certain automotive markets, NN, Inc. has been able to offset some of the softness through new business launches and strategic pricing adjustments. The company is actively investing in growth capital expenditures and has expanded its business development team to drive future growth. Additionally, NN, Inc. has initiated a mergers and acquisitions program to align with its strategic goals.
Looking ahead, NN, Inc. maintains its full-year 2025 outlook, with net sales projected between $430 to $460 million and adjusted EBITDA expected to range from $53 to $63 million. The company remains focused on cost control measures and operational efficiencies to navigate potential market uncertainties and is optimistic about its ongoing transformation and growth opportunities.
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