NN, Inc. to receive CARES Act refund of over $10M

NN, Inc. (NNBR) announced that it has been notified that its CARES Act refund of greater than $10M has been processed for payment. Harold Bevis, Chief Executive Officer of NN, Inc., commented, “NN is growing at a historically high rate due to the success of its growth programs and strength in certain markets. We borrowed $10 million in Q1 2026 to fund certain growth areas with both capital equipment and working capital. This US tax refund will more than offset that borrowing and also gives us more room to grow. We are happy about this extra cashflow and want to thank our tax advisors, the Federal government, and the IRS for making this happen. The statute was designed to help companies like NN and it is working as intended.”