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Introduction NN, Inc., a Delaware corporation, is a diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of end markets on a global basis. As used in this Annual Report, the terms the Company, we, our, or us refer to NN, Inc. and its…
The business is unprofitable at the operating level (-4.48% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.1% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$435M
▼ -9.1% YoY
Net Income (TTM)
-$34M
▲ +11.2% YoY
Op. Margin
-3.72%
▲ +1.5pp YoY
ROIC
-5.01%
▲ +1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$12M
Op. Cash Flow (TTM)
$395K
▼ -48.8% YoY
Net Debt
$210M
Cash & Equiv.
$8M
5Y CAGR: -0.3%
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