NN (NNBR)
Market Price (11/6/2026): $2.77 | Market Cap: $259.7 MilSector: Industrials | Industry: Industrial Conglomerates
NN (NNBR)
Market Price (11/6/2026): $2.77Market Cap: $259.7 MilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Automation & Robotics, and Renewable Energy Transition. Themes include EV Manufacturing, Show more. | Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -35% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.1% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 94% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18% Key risksNNBR key risks include [1] high customer concentration with a major European automotive client and [2] a significant risk of financial distress, Show more. |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Automation & Robotics, and Renewable Energy Transition. Themes include EV Manufacturing, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -35% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.1% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 94% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18% |
| Key risksNNBR key risks include [1] high customer concentration with a major European automotive client and [2] a significant risk of financial distress, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/5/2026
NN (NNBR) stock has lost about 20% since 7/31/2026 because of the following key factors:
1. Analyst Downgrades and Reassessment of Valuation. Despite NN (NNBR) reporting strong second and third fiscal quarter 2026 results and raising its full-year guidance, several analysts adjusted their ratings downwards, contributing to negative sentiment. Wall Street Zen downgraded NN from a "buy" to a "hold" rating on October 31, 2026. Similarly, Weiss Ratings reiterated a "sell (d-)" rating on October 15, 2026. These downgrades, even amidst positive earnings, suggest that some analysts believe the stock may have been overvalued or that future growth prospects, despite improvements, are already factored into the price, leading to investor caution and selling pressure.
2. Dilution from Strategic Equity Financings. While NN strategically improved its balance sheet through a deleveraging transaction of its Series D preferred stock, these actions involved significant equity issuance. In August 2026, the company paid off $70 million of preferred stock via a common stock PIPE (Private Investment in Public Equity) transaction and exchanged approximately $19 million of preferred stock for common stock. This was followed by a $50 million private placement of common stock and pre-funded warrants announced on October 2, 2026. These equity raises, while beneficial for reducing debt and preferred stock obligations, likely increased the number of outstanding common shares, potentially diluting existing shareholders and putting downward pressure on the stock price.
Show more
NN (NNBR) stock has lost about 20% since 7/31/2026 because of the following key factors:
1. Analyst Downgrades and Reassessment of Valuation. Despite NN (NNBR) reporting strong second and third fiscal quarter 2026 results and raising its full-year guidance, several analysts adjusted their ratings downwards, contributing to negative sentiment. Wall Street Zen downgraded NN from a "buy" to a "hold" rating on October 31, 2026. Similarly, Weiss Ratings reiterated a "sell (d-)" rating on October 15, 2026. These downgrades, even amidst positive earnings, suggest that some analysts believe the stock may have been overvalued or that future growth prospects, despite improvements, are already factored into the price, leading to investor caution and selling pressure.
2. Dilution from Strategic Equity Financings. While NN strategically improved its balance sheet through a deleveraging transaction of its Series D preferred stock, these actions involved significant equity issuance. In August 2026, the company paid off $70 million of preferred stock via a common stock PIPE (Private Investment in Public Equity) transaction and exchanged approximately $19 million of preferred stock for common stock. This was followed by a $50 million private placement of common stock and pre-funded warrants announced on October 2, 2026. These equity raises, while beneficial for reducing debt and preferred stock obligations, likely increased the number of outstanding common shares, potentially diluting existing shareholders and putting downward pressure on the stock price.
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Updated on 11/5/2026
NN (NNBR) stock has lost about 20% since 7/31/2026 because of the following key factors:
1. Analyst Downgrades and Reassessment of Valuation. Despite NN (NNBR) reporting strong second and third fiscal quarter 2026 results and raising its full-year guidance, several analysts adjusted their ratings downwards, contributing to negative sentiment. Wall Street Zen downgraded NN from a "buy" to a "hold" rating on October 31, 2026. Similarly, Weiss Ratings reiterated a "sell (d-)" rating on October 15, 2026. These downgrades, even amidst positive earnings, suggest that some analysts believe the stock may have been overvalued or that future growth prospects, despite improvements, are already factored into the price, leading to investor caution and selling pressure.
2. Dilution from Strategic Equity Financings. While NN strategically improved its balance sheet through a deleveraging transaction of its Series D preferred stock, these actions involved significant equity issuance. In August 2026, the company paid off $70 million of preferred stock via a common stock PIPE (Private Investment in Public Equity) transaction and exchanged approximately $19 million of preferred stock for common stock. This was followed by a $50 million private placement of common stock and pre-funded warrants announced on October 2, 2026. These equity raises, while beneficial for reducing debt and preferred stock obligations, likely increased the number of outstanding common shares, potentially diluting existing shareholders and putting downward pressure on the stock price.
3. "Sell the News" Phenomenon and Peak Valuation. NN's stock experienced significant upward movement following its better-than-expected fiscal Q2 2026 earnings, reported on August 5, 2026, where it beat EPS estimates by $0.11 and revenue by over $12 million. The company further delivered strong fiscal Q3 2026 results on October 28, 2026, with net sales up 26.2% year-over-year to $131.1 million, exceeding estimates, and adjusted EBITDA surging 49.7%. After the Q3 announcement, shares rose to $3.95. However, the stock subsequently saw a decline, closing at $2.67 on November 5, 2026. This pattern suggests a "sell the news" reaction where investors took profits after the positive announcements, especially given the stock's substantial year-to-date return of 164.45% as of September 22, 2026, and its trading near its 52-week high of $4.79.
4. Widening GAAP Operating Loss Despite Adjusted Gains. While NN reported robust growth in adjusted earnings metrics, its GAAP (Generally Accepted Accounting Principles) loss from operations widened to $3.3 million in fiscal Q3 2026, compared to a loss of $2.2 million in the prior-year period. The company attributed this widening loss primarily to higher labor costs and professional fees. This increase in unadjusted operating losses, despite strong adjusted performance, may have raised concerns among some investors regarding the company's underlying cost structure and profitability on a GAAP basis.
Show less
NN (NNBR) stock has lost about 20% since 7/31/2026 because of the following key factors:
1. Analyst Downgrades and Reassessment of Valuation. Despite NN (NNBR) reporting strong second and third fiscal quarter 2026 results and raising its full-year guidance, several analysts adjusted their ratings downwards, contributing to negative sentiment. Wall Street Zen downgraded NN from a "buy" to a "hold" rating on October 31, 2026. Similarly, Weiss Ratings reiterated a "sell (d-)" rating on October 15, 2026. These downgrades, even amidst positive earnings, suggest that some analysts believe the stock may have been overvalued or that future growth prospects, despite improvements, are already factored into the price, leading to investor caution and selling pressure.
2. Dilution from Strategic Equity Financings. While NN strategically improved its balance sheet through a deleveraging transaction of its Series D preferred stock, these actions involved significant equity issuance. In August 2026, the company paid off $70 million of preferred stock via a common stock PIPE (Private Investment in Public Equity) transaction and exchanged approximately $19 million of preferred stock for common stock. This was followed by a $50 million private placement of common stock and pre-funded warrants announced on October 2, 2026. These equity raises, while beneficial for reducing debt and preferred stock obligations, likely increased the number of outstanding common shares, potentially diluting existing shareholders and putting downward pressure on the stock price.
3. "Sell the News" Phenomenon and Peak Valuation. NN's stock experienced significant upward movement following its better-than-expected fiscal Q2 2026 earnings, reported on August 5, 2026, where it beat EPS estimates by $0.11 and revenue by over $12 million. The company further delivered strong fiscal Q3 2026 results on October 28, 2026, with net sales up 26.2% year-over-year to $131.1 million, exceeding estimates, and adjusted EBITDA surging 49.7%. After the Q3 announcement, shares rose to $3.95. However, the stock subsequently saw a decline, closing at $2.67 on November 5, 2026. This pattern suggests a "sell the news" reaction where investors took profits after the positive announcements, especially given the stock's substantial year-to-date return of 164.45% as of September 22, 2026, and its trading near its 52-week high of $4.79.
4. Widening GAAP Operating Loss Despite Adjusted Gains. While NN reported robust growth in adjusted earnings metrics, its GAAP (Generally Accepted Accounting Principles) loss from operations widened to $3.3 million in fiscal Q3 2026, compared to a loss of $2.2 million in the prior-year period. The company attributed this widening loss primarily to higher labor costs and professional fees. This increase in unadjusted operating losses, despite strong adjusted performance, may have raised concerns among some investors regarding the company's underlying cost structure and profitability on a GAAP basis.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -19.3% change in NNBR stock from 7/31/2026 to 11/5/2026 was primarily driven by a -36.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.31 | 2.67 | -19.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 435 | 483 | 11.0% |
| P/S Multiple | 0.4 | 0.4 | 14.2% |
| Shares Outstanding (Mil) | 50 | 78 | -36.4% |
| Cumulative Contribution | -19.3% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| NNBR | -19.3% | |
| Market (SPY) | -1.9% | 35.2% |
| Sector (XLI) | -9.7% | 48.3% |
Fundamental Drivers
The 15.1% change in NNBR stock from 4/30/2026 to 11/5/2026 was primarily driven by a 58.3% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.32 | 2.67 | 15.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 422 | 483 | 14.4% |
| P/S Multiple | 0.3 | 0.4 | 58.3% |
| Shares Outstanding (Mil) | 50 | 78 | -36.5% |
| Cumulative Contribution | 15.1% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| NNBR | 15.1% | |
| Market (SPY) | 2.3% | 37.1% |
| Sector (XLI) | -6.7% | 28.5% |
Fundamental Drivers
The 56.1% change in NNBR stock from 10/31/2025 to 11/5/2026 was primarily driven by a 115.8% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.71 | 2.67 | 56.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 424 | 483 | 13.9% |
| P/S Multiple | 0.2 | 0.4 | 115.8% |
| Shares Outstanding (Mil) | 50 | 78 | -36.5% |
| Cumulative Contribution | 56.1% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| NNBR | 56.1% | |
| Market (SPY) | 8.4% | 29.9% |
| Sector (XLI) | 5.7% | 24.9% |
Fundamental Drivers
The 48.3% change in NNBR stock from 10/31/2023 to 11/5/2026 was primarily driven by a 157.5% change in the company's P/S Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.80 | 2.67 | 48.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 498 | 483 | -2.9% |
| P/S Multiple | 0.2 | 0.4 | 157.5% |
| Shares Outstanding (Mil) | 46 | 78 | -40.7% |
| Cumulative Contribution | 48.3% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| NNBR | 48.3% | |
| Market (SPY) | 81.3% | 32.9% |
| Sector (XLI) | 71.8% | 33.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NNBR Return | -38% | -63% | 167% | -18% | -61% | 109% | -59% |
| Peers Return | 53% | 2% | 1% | 10% | 0% | 21% | 110% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| NNBR Win Rate | 33% | 33% | 58% | 50% | 42% | 73% | |
| Peers Win Rate | 50% | 47% | 42% | 53% | 52% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| NNBR Max Drawdown | -58% | -70% | -58% | -42% | -67% | -41% | |
| Peers Max Drawdown | -14% | -35% | -30% | -22% | -31% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HON, DD, HHS, MMM, CSL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | NNBR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -50.2% | -18.8% |
| % Gain to Breakeven | 100.6% | 23.1% |
| Time to Breakeven | 439 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -45.5% | -9.5% |
| % Gain to Breakeven | 83.6% | 10.5% |
| Time to Breakeven | 71 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -55.0% | -6.7% |
| % Gain to Breakeven | 122.4% | 7.1% |
| Time to Breakeven | 77 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.1% | -24.5% |
| % Gain to Breakeven | 150.6% | 32.4% |
| Time to Breakeven | 449 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -84.0% | -33.7% |
| % Gain to Breakeven | 525.9% | 50.9% |
| Time to Breakeven | 410 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -23.0% | -3.7% |
| % Gain to Breakeven | 29.8% | 3.9% |
| Time to Breakeven | 21 days | 6 days |
In The Past
NN's stock fell -50.2% during the 2025 US Tariff Shock. Such a loss loss requires a 100.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | NNBR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -50.2% | -18.8% |
| % Gain to Breakeven | 100.6% | 23.1% |
| Time to Breakeven | 439 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -45.5% | -9.5% |
| % Gain to Breakeven | 83.6% | 10.5% |
| Time to Breakeven | 71 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -55.0% | -6.7% |
| % Gain to Breakeven | 122.4% | 7.1% |
| Time to Breakeven | 77 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.1% | -24.5% |
| % Gain to Breakeven | 150.6% | 32.4% |
| Time to Breakeven | 449 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -84.0% | -33.7% |
| % Gain to Breakeven | 525.9% | 50.9% |
| Time to Breakeven | 410 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -23.0% | -3.7% |
| % Gain to Breakeven | 29.8% | 3.9% |
| Time to Breakeven | 21 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -56.4% | -12.2% |
| % Gain to Breakeven | 129.5% | 13.9% |
| Time to Breakeven | 400 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -63.1% | -6.8% |
| % Gain to Breakeven | 170.8% | 7.3% |
| Time to Breakeven | 448 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -64.0% | -17.9% |
| % Gain to Breakeven | 177.9% | 21.8% |
| Time to Breakeven | 675 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -35.5% | -15.4% |
| % Gain to Breakeven | 55.2% | 18.2% |
| Time to Breakeven | 41 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -90.9% | -53.4% |
| % Gain to Breakeven | 995.1% | 114.4% |
| Time to Breakeven | 616 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -27.9% | -8.6% |
| % Gain to Breakeven | 38.8% | 9.5% |
| Time to Breakeven | 274 days | 47 days |
In The Past
NN's stock fell -50.2% during the 2025 US Tariff Shock. Such a loss loss requires a 100.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About NN (NNBR)
NN, Inc. (NNBR) is a diversified industrial company that specializes in designing and manufacturing high-precision components and assemblies. Essentially, NN creates critical parts that are essential for the functionality of larger systems across various industries. The company's operations are divided into two main segments: Mobile Solutions and Power Solutions, each catering to distinct market needs with specialized products.
The Mobile Solutions segment primarily serves the automotive and general industrial markets. Here, NN produces system-critical components used in essential vehicle functions such as power steering, braking, transmissions, and fuel systems, as well as heating, ventilation, and air conditioning applications. These components are vital for the reliable operation of automobiles and various industrial machinery.
The Power Solutions segment focuses on a broader range of high-precision metal and plastic components, assemblies, and finished devices. This includes products like electrical contacts, connectors, and precision stampings, which are crucial for applications in the electrical, aerospace, defense, and general industrial sectors. Additionally, this segment manufactures specialized tools and instruments for the orthopaedics and medical/surgical markets, highlighting its capability in precision manufacturing for highly regulated industries.
AI Analysis | Feedback
1. NN is like a specialized Illinois Tool Works (ITW), making high-precision components for everything from cars and airplanes to medical devices.
2. NN is like TE Connectivity for a broader range of critical precision metal and plastic parts in industrial, automotive, aerospace, and medical markets.
AI Analysis | Feedback
- System Critical Components: High-precision components for automotive systems such as power steering, braking, transmissions, fuel, and emissions, also used in general industrial and HVAC applications.
- High-Precision Metal & Plastic Components: Components, assemblies, and finished devices, including electrical contacts, connectors, and precision stampings, for power control, aerospace, defense, and medical markets.
- Medical Tools & Instruments: Specialized tools and instruments designed for orthopaedic and medical/surgical applications.
AI Analysis | Feedback
NN, Inc. (NNBR) is a business-to-business (B2B) company that designs, manufactures, and sells high-precision components and assemblies to other companies, rather than directly to individuals.
Based on its public filings, NNBR does not publicly disclose the specific names of its major customers. This is because, as stated in its 10-K filings, no single customer accounted for more than 10% of its net sales in recent fiscal years (e.g., 2023 or 2022). However, the company does indicate that its top 10 customers collectively represent a significant portion of its net sales (e.g., approximately 42% in 2023).
While specific customer company names are not disclosed, NNBR's customer base is concentrated within the following key industries and end markets, which represent the types of companies that would be its major customers:
- Automotive Industry: This includes vehicle manufacturers and their Tier 1 suppliers. NNBR provides components for critical automotive systems such as power steering, braking, transmissions, gasoline fuel systems, diesel injection, diesel emissions treatment, and heating, ventilation, and air conditioning (HVAC).
- Aerospace & Defense Industry: This segment includes manufacturers of aircraft, flight control systems, and military devices. NNBR supplies components like high-precision metal and plastic parts, assemblies, and finished devices for these applications.
- Medical Industry: NNBR serves companies in the medical/surgical and orthopaedics sectors, providing various tools, instruments, and precision components for medical devices.
- Electrical & General Industrial Industry: This broad category includes manufacturers of power control systems, electrical equipment (requiring electrical contacts, connectors, and precision stampings), and a wide range of other industrial machinery and applications.
AI Analysis | Feedback
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Harold Bevis, President and Chief Executive Officer
Harold Bevis was appointed President and Chief Executive Officer of NN, Inc. effective May 22, 2023. He brings extensive experience in electric vehicles, technology, and business transformation. Mr. Bevis has held CEO positions at various companies, including Commercial Vehicle Group, Inc. (CVGI), where he drove new business in the electric vehicle industry. He also served as Chairman and CEO of Boxlight, a startup focused on education technology solutions, and led several companies in the packaging industry, such as Xerium Technologies, Inc., Prolamina, and Pliant Corporation. Bevis is known as a "turnaround person" and has brought his turnaround team to NN.
Christopher H. Bohnert, Senior Vice President and Chief Financial Officer
Christopher H. Bohnert was appointed Senior Vice President and Chief Financial Officer of NN, Inc. effective June 25, 2024. He possesses over 30 years of global manufacturing experience, including leadership in financial roles at both public and private equity companies. Bohnert has a background in business turnarounds, accounting, IT, investor relations, and banking. Prior to joining NN, he served as an advisor to the CEO at Commercial Vehicle Group (CVG) and held senior financial positions at Calumet, Titan International, Silgan Plastics, and Fleischmann's Yeast. He previously worked with Harold Bevis at Commercial Vehicle Group (CVG), where he led a global team and contributed to the company's transformation.
Tim French, Chief Operating Officer
Tim French joined NN, Inc. in 2023 as Chief Operating Officer. He is a senior executive with over 35 years of hands-on manufacturing experience, having held CEO, President, COO, and Vice President of Operations positions at various companies. French has also served as a senior operations leader in two company turnarounds. Notably, as COO of a greenfield company, he was instrumental in developing it into a global manufacturing business with $1.4 billion in revenue, 34 facilities across 7 countries, and over 4,000 employees.
Jeff Tritapoe, Vice President, Global Operations
Jeff Tritapoe joined NN, Inc. in 2024 as its Vice President, Global Operations. His manufacturing background spans plastics, textiles, metal forming, and fabrication industries. Tritapoe has held various senior operational leadership roles in both public and private companies. Most recently, he served as the Chief Operations Officer/Transformation Officer for Commercial Vehicle Group, Inc.
AI Analysis | Feedback
The key risks to NN, Inc.'s business (NNBR) include:
- Customer Concentration Risk: NN, Inc. faces significant risk due to its high customer concentration. In 2025, the ten largest customers accounted for approximately 49% of the company's consolidated net sales. The potential loss of any major customer could materially impact NN, Inc.'s revenues and profitability.
- Automotive Market Volatility and Electric Vehicle (EV) Transition: The Mobile Solutions segment manufactures components for traditional internal combustion engine (ICE) vehicles, including gasoline fuel systems, diesel injection, and diesel emissions treatment applications. While NN, Inc. is actively expanding into the electric vehicle market, the overall U.S. auto parts market is expected to remain volatile due to supply chain disruptions and affordability issues. The broader industry shift toward EVs means these vehicles have significantly fewer parts than ICE cars, posing a substantial risk to NN, Inc.'s legacy business in ICE components.
- Raw Material Price and Supply Risks: As a manufacturing company, NN, Inc. is exposed to elevated risks from fluctuating prices and potential shortages of key raw materials such as steel, aluminum, alloys, copper, and precious metals. Volatility in these commodity markets has already impacted the company's liquidity and operating profits, and sustained cost increases could further pressure margins if not offset by price adjustments or sourcing efficiencies.
AI Analysis | Feedback
The automotive industry's accelerating transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs). NN's Mobile Solutions segment manufactures system critical components for gasoline fuel systems, diesel injection, diesel emissions treatment applications, and traditional transmissions, which are significantly different or become obsolete in the shift to electric vehicles.
AI Analysis | Feedback
NN, Inc. (symbol: NNBR) operates in several addressable markets through its Mobile Solutions and Power Solutions segments. Here's an overview of the estimated market sizes for their main products and services:
Mobile Solutions Segment
- Automotive Components Market: The global automotive parts and components market was valued at approximately USD 1,844.47 billion in 2024 and is projected to grow to USD 2,182.08 billion by 2032, with Asia-Pacific being the largest market.
- Automotive Steering System Market: The global automotive steering system market size was estimated at USD 28.08 billion in 2024 and is projected to reach USD 45.79 billion by 2033. Asia Pacific dominated this market with a 38.94% revenue share in 2024.
- Automotive Braking System Market: The global automotive brake system market is expected to increase from US$45.8 billion in 2025 to US$66.6 billion by the end of 2032. Asia Pacific dominated the market with a 48.32% share in 2025, with the U.S. market projected to reach an estimated value of USD 11.06 billion by 2032.
- Automotive Transmission Market: The global automotive transmission market size was valued at USD 183.5 billion in 2025 and is set to expand to USD 311.5 billion by 2035. Asia Pacific is identified as the largest market in this sector.
- Automotive Fuel System Market (including Gasoline Fuel System, Diesel Injection, and Diesel Emissions Treatment applications): The global automotive fuel system market is estimated at US$76.37 billion in 2024 and is forecast to rise to US$106.69 billion by the end of 2034.
- Automotive HVAC Market (Heating, Ventilation, and Air Conditioning): The global automotive HVAC market size was estimated at USD 51.16 billion in 2023 and is projected to reach USD 79.59 billion by 2030. Asia Pacific registered the largest market revenue share, accounting for 49.0% in 2023.
Power Solutions Segment
- Electrical Contacts Market: The global electrical contacts and contact materials market size was valued at USD 5.07 billion in 2023 and is estimated to reach USD 8.02 billion by 2032. Furthermore, the global electrical contacts market is expected to be worth around USD 18.6 billion by 2034, increasing from USD 10.6 billion in 2024. Asia-Pacific held the dominant position in 2024, accounting for 38.7% of the global share, with a market value of USD 4.1 billion.
- Electrical Connectors Market: The global electrical connectors market is projected to reach approximately USD 85 billion in 2023 and is anticipated to escalate to over USD 130 billion by 2032. Another source indicates the global connector market was valued at USD 82.2 billion in 2023 and is projected to reach USD 141.1 billion by 2032. Asia-Pacific garnered the largest share of 7.11%.
- Precision Stampings Market (across various end markets including Electrical, General Industrial, Automotive, Aerospace, Defense, and Medical): While a specific market size for "precision stampings" across all these diverse end markets is not readily available, NN's contributions are part of broader markets. For instance, the global automotive parts and components market was valued at approximately USD 1,844.47 billion in 2024, and the global medical component manufacturing market was valued at USD 10.36 billion in 2020 and is projected to reach USD 15.93 billion by 2030.
- Orthopedic and Medical/Surgical Instruments Market: The global orthopedics instruments market size was valued at USD 60.92 billion in 2023 and is predicted to grow to around USD 88.82 billion by 2032. North America is projected to dominate this market, generating approximately 44% of the global market revenue in 2023. Additionally, the global orthopedic devices market size was valued at USD 65.28 billion in 2025 and is projected to grow to USD 105.45 billion by 2034. North America dominated the orthopedic devices market with a market share of 54.92% in 2025.
AI Analysis | Feedback
NN, Inc. (NNBR) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives:
- New Business Wins and Program Launches: The company has a strong focus on securing new business, having accumulated over $200 million in new business awards since mid-2023, with a pipeline exceeding $800 million in opportunities. NN anticipates 2026 to be a record year for program launches, with approximately 100 new programs expected to be introduced. These new programs and business wins are projected to be margin-accretive and primarily benefit revenue growth in 2027 and 2028.
- Strategic Shift Towards Higher-Value End Markets: NN is actively evolving its sales portfolio to concentrate on higher-value markets and capabilities, moving away from more commodity-oriented automotive products. Key growth areas include the electrical grid, data centers, defense, electronics, and medical applications. The company recently achieved its first win in the data center market, signaling successful penetration into new, high-potential sectors. This strategic shift aims to boost annual net sales growth and improve the overall sales mix.
- Increased Capital Expenditure for Growth Initiatives: NN plans to significantly increase its capital spending in 2026, roughly doubling the amount compared to 2025. This increased capital expenditure is specifically allocated to support growth programs and new business launches, which are expected to materialize into higher sales in the coming years. The ability to fund more CapEx-based growth is enabled by improved adjusted EBITDA and the completion of operational restructuring.
AI Analysis | Feedback
Share Issuance
- In March 2021, NN, Inc. completed a new financing arrangement that included a $65 million preferred stock issuance.
- The company's share count grew by 17.4% over the last five years, indicating shareholder dilution.
- NN is actively pursuing initiatives to refinance its preferred equity.
Inbound Investments
- In March 2021, NN, Inc. secured new financing from J.P. Morgan, Oaktree Capital Management, L.P., and Morgan Stanley Tactical Value, which included a $50 million asset-based credit line and a $150 million term loan, in addition to the preferred stock issuance.
- In April 2025, NN completed a debt refinancing initiative, securing a $65 million ABL facility with PNC Bank and a new $118 million term loan facility with Marathon Asset Management.
- In December 2025, NN's Board of Directors formed a Strategic Committee to evaluate a broad range of strategic and financial alternatives, including a potential private equity buyout or acquisition by a larger industrial peer, to enhance shareholder value.
Outbound Investments
- NN has an active mergers and acquisitions program and is engaged in M&A diligence, evaluating opportunities for both transformational and smaller tuck-in acquisitions aimed at accelerating growth and cost agendas.
- Since mid-2023, the company has won over $200 million in new business.
Capital Expenditures
- NN planned to invest $18 to $20 million on capital projects in 2025, focusing on lowering costs and increasing growth.
- For 2026, the company plans to roughly double its capital spending compared to 2025, primarily for growth programs that will benefit 2026 and especially 2027.
- By the end of 2025, NN completed the majority of the capital-intensive portion of its transformation plan, which included plant closures and headcount realignment.
Peer Outperformance in Industrial Conglomerates
NNBR has trailed 69% of its 16 Industrial Conglomerates peers over 5Y. Among the peers that beat it is DD. Industrial Conglomerates ranks 11th of 23 industries in Industrials by median 5Y return.
Share of Industrial Conglomerates constituents that NNBR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
94%
of 18 industry peers · 49.2% return
3Y
72%
of 18 industry peers · 33.5% return
5Y
31%
of 16 industry peers · -53.1% return
Industrial Conglomerates peers with revenue growth within 4pp of NNBR's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| NNBR | NN | -0.3% | -8.0x | 49.2% | 33.5% | -53.1% | — |
| DD | DuPont de Nemours | 1.4% | 64.7x | 24.0% | 84.1% | 65.5% | +119pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Conglomerates is NNBR's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 25.1% | 30.2% | 102.9% | MATX 155% · KEX 103% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.3% | 55.5% | 95.0% | ALSN 255% · WAB 204% · CAT 192% |
| Construction & Engineering | 29 | -21.3% | 79.9% | 94.8% | FIX 895% · STRL 799% · AGX 526% |
| Aerospace & Defense | 54 | -12.6% | 55.7% | 49.5% | ATI 849% · FTAI 756% · HWM 509% |
| Trading Companies & Distributors | 19 | 5.6% | 30.7% | 33.8% | DXPE 276% · AIT 184% · URI 177% |
| Industrial Machinery & Supplies & Components | 71 | 0.3% | 46.1% | 29.7% | CRS 797% · MLI 298% · SYM 249% |
| Rail Transportation | 7 | 34.9% | 53.7% | 27.8% | CSX 54% · UNP 40% · NSC 28% |
| Diversified Support Services | 33 | 14.8% | 36.8% | 21.3% | CXW 195% · OPLN 143% · CTAS 115% |
| Building Products | 34 | -6.6% | 9.3% | 10.6% | MOD 714% · GFF 345% · TT 126% |
| Cargo Ground Transportation | 16 | 27.9% | 14.6% | 4.8% | XPO 269% · R 250% · ARCB 25% |
| Industrial Conglomerates ← | 17 | 14.8% | -1.6% | -1.3% | CSW 103% · CSL 72% · DD 65% |
| Office Services & Supplies | 10 | 20.8% | 22.5% | -2.6% | PBI 158% · TILE 140% · HNI 40% |
| Electrical Components & Equipment | 39 | -14.2% | 56.2% | -12.1% | POWL 1360% · VRT 543% · BE 424% |
| Data Processing & Outsourced Services | 6 | -11.8% | 5.0% | -12.7% | EXLS 59% · BR 22% · G -12% |
| Research & Consulting Services | 13 | 4.9% | -15.5% | -22.6% | HURN 227% · FCN 36% · BAH 14% |
| Agricultural & Farm Machinery | 16 | 7.2% | -7.4% | -27.4% | BLBD 171% · DE 99% · TTC 15% |
| Security & Alarm Services | 9 | -51.2% | 10.7% | -28.0% | BCO 65% |
| Environmental & Facilities Services | 29 | -31.2% | 25.5% | -28.1% | GEO 163% · CLH 162% · RSG 100% |
| Passenger Airlines | 11 | 2.6% | 64.1% | -34.8% | LTM 3100% · UAL 110% · DAL 100% |
| Air Freight & Logistics | 12 | -28.8% | -7.3% | -39.1% | FDX 80% · EXPD 60% · CHRW 54% |
| Human Resource & Employment Services | 22 | 19.2% | -6.0% | -42.4% | ADP 50% · FA 22% · PAYX 13% |
| Passenger Ground Transportation | 3 | -14.1% | 42.9% | -57.4% | UBER 46% · CAR -57% · LYFT -67% |
| Airport Services | 4 | -49.1% | -62.8% | -86.2% | JOBY -47% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| NN Earnings Notes | 12/16/2025 | |
| NN Stock Slides -31% With A 12-Day Losing Spree | 11/20/2025 | |
| Can NN Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 165.06 |
| Mkt Cap | 17.2 |
| Rev LTM | 6,137 |
| Op Inc LTM | 1,016 |
| FCF LTM | 774 |
| FCF 3Y Avg | 439 |
| CFO LTM | 1,422 |
| CFO 3Y Avg | 760 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.9% |
| Rev Chg 3Y Avg | 2.8% |
| Rev Chg Q | 2.7% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | 20.8% |
| Op Inc Chg 3Y Avg | 14.0% |
| Op Mgn LTM | 16.9% |
| Op Mgn 3Y Avg | 14.3% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 9.3% |
| CFO/Rev 3Y Avg | 6.9% |
| FCF/Rev LTM | 6.2% |
| FCF/Rev 3Y Avg | 2.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mobile Solutions | 244 | 284 | 303 | 294 | 286 |
| Power Solutions | 179 | 181 | 186 | 205 | 192 |
| Corporate and Eliminations | -0 | -0 | -0 | -0 | |
| Intersegment sales eliminations | -0 | ||||
| Total | 422 | 464 | 489 | 499 | 478 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power Solutions | 10 | 13 | 11 | 4 | 6 |
| Mobile Solutions | -8 | -18 | -12 | -2 | 9 |
| Corporate and Eliminations | -21 | -23 | -21 | -22 | |
| Corporate | -25 | ||||
| Total | -19 | -28 | -22 | -21 | -9 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mobile Solutions | 288 | 294 | 330 | 338 | 357 |
| Power Solutions | 124 | 124 | 147 | 178 | 184 |
| Corporate | 29 | 38 | 34 | ||
| Corporate and Eliminations | 30 | 38 | |||
| Total | 441 | 457 | 511 | 546 | 579 |
Price Behavior
Price Behavior
| Market Price | $2.67 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/15/1994 | |
| Distance from 52W High | -40.8% | |
| 50 Days | 200 Days | |
| DMA Price | $3.61 | $2.75 |
| DMA Trend | up | up |
| Distance from DMA | -26.0% | -3.1% |
| 3M | 1YR | |
| Volatility | 93.7% | 91.8% |
| Downside Capture | 163.24 | 129.88 |
| Upside Capture | 76.48 | 180.05 |
| Correlation (S&P 500) | 9.2% | 23.6% |
NNBR Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.60 | 2.20 | 2.20 | 2.67 | 1.94 | 1.59 |
| Up Beta | 11.29 | 1.48 | 4.21 | 5.24 | 3.16 | 1.57 |
| Down Beta | 2.90 | 1.28 | 1.18 | 1.80 | 1.26 | 1.61 |
| Up Capture | 466% | 355% | 258% | 388% | 400% | 482% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 7 | 19 | 29 | 62 | 118 | 342 |
| Down Capture | 251% | 164% | 137% | 153% | 119% | 110% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 15 | 24 | 34 | 61 | 123 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NNBR | |
|---|---|---|---|---|
| NNBR | 48.6% | 91.8% | 0.82 | - |
| Sector ETF (XLI) | 7.4% | 17.8% | 0.24 | 25.1% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 29.7% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 2.7% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -10.9% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | -4.1% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NNBR | |
|---|---|---|---|---|
| NNBR | -10.4% | 73.8% | 0.16 | - |
| Sector ETF (XLI) | 10.8% | 17.7% | 0.45 | 32.7% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 30.9% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 3.1% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 1.6% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 20.2% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 13.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NNBR | |
|---|---|---|---|---|
| NNBR | -16.2% | 75.7% | 0.09 | - |
| Sector ETF (XLI) | 12.9% | 20.1% | 0.56 | 37.0% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 32.7% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 2.5% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 11.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 24.3% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 8.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -0.8% | -6.2% | -11.3% |
| 5/6/2026 | 9.5% | -10.3% | 11.5% |
| 3/4/2026 | -5.2% | -16.3% | -6.5% |
| 10/29/2025 | -14.2% | -5.8% | -35.8% |
| 8/7/2025 | -3.6% | 10.0% | 14.1% |
| 5/7/2025 | -10.7% | 10.9% | 15.3% |
| 3/5/2025 | -4.1% | -5.6% | -21.1% |
| 1/14/2025 | 12.1% | 15.4% | 32.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 11 |
| # Negative | 15 | 13 | 14 |
| Median Positive | 5.4% | 11.3% | 14.1% |
| Median Negative | -7.7% | -13.9% | -20.4% |
| Max Positive | 12.1% | 24.1% | 75.9% |
| Max Negative | -17.9% | -24.2% | -35.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -0.8% | -6.2% | -11.3% |
| 5/6/2026 | 9.5% | -10.3% | 11.5% |
| 3/4/2026 | -5.2% | -16.3% | -6.5% |
| 10/29/2025 | -14.2% | -5.8% | -35.8% |
| 8/7/2025 | -3.6% | 10.0% | 14.1% |
| 5/7/2025 | -10.7% | 10.9% | 15.3% |
| 3/5/2025 | -4.1% | -5.6% | -21.1% |
| 1/14/2025 | 12.1% | 15.4% | 32.9% |
| 10/31/2024 | 0.5% | 11.7% | 34.9% |
| 8/7/2024 | 1.5% | 2.4% | 3.3% |
| 5/6/2024 | -10.0% | -7.9% | -19.5% |
| 3/11/2024 | -17.9% | -5.9% | -20.7% |
| 11/6/2023 | 0.5% | 19.0% | 49.0% |
| 8/3/2023 | -7.7% | -17.8% | -31.5% |
| 5/4/2023 | -5.6% | 24.1% | 75.9% |
| 3/9/2023 | -12.4% | -22.4% | -33.5% |
| 11/1/2022 | -17.9% | -21.4% | -26.5% |
| 8/4/2022 | -12.1% | -15.7% | -20.0% |
| 5/5/2022 | 1.6% | -24.2% | -5.5% |
| 3/10/2022 | 10.3% | 18.0% | -1.9% |
| 11/4/2021 | 4.0% | 9.9% | -13.9% |
| 8/5/2021 | -6.0% | -13.9% | -25.3% |
| 5/6/2021 | 6.8% | 7.5% | 6.9% |
| 3/12/2021 | 10.1% | 13.7% | 4.8% |
| 11/6/2020 | -5.2% | 1.8% | 12.4% |
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 11 |
| # Negative | 15 | 13 | 14 |
| Median Positive | 5.4% | 11.3% | 14.1% |
| Median Negative | -7.7% | -13.9% | -20.4% |
| Max Positive | 12.1% | 24.1% | 75.9% |
| Max Negative | -17.9% | -24.2% | -35.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/15/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/16/2020 | 10-K |
Recent Forward Guidance
Updated 11/2/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New Business Wins | Reported | 80.00 Mil | 90.00 Mil | 100.00 Mil | 5.9% | Raised | Guidance: 85.00 Mil for 2026 | |
| 2026 Revenue | Reported | 460.00 Mil | 465.00 Mil | 470.00 Mil | 1.1% | Raised | Guidance: 460.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 55.00 Mil | 60.00 Mil | 65.00 Mil | 5.3% | Raised | Guidance: 57.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New Business Wins | Reported | 80.00 Mil | 85.00 Mil | 90.00 Mil | 13.3% | Raised | Guidance: 75.00 Mil for 2026 | |
| 2026 Revenue | Reported | 450.00 Mil | 460.00 Mil | 470.00 Mil | 1.1% | Raised | Guidance: 455.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 52.00 Mil | 57.00 Mil | 62.00 Mil | 3.6% | Raised | Guidance: 55.00 Mil for 2026 | |
Q4 2025 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 New business wins | Reported | 70.00 Mil | 75.00 Mil | 80.00 Mil | Raised | Guidance: 65.00 Mil for 2025 | ||
| 2026 Revenue | Reported | 445.00 Mil | 455.00 Mil | 465.00 Mil | 5.8% | Higher New | Guidance: 430.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 50.00 Mil | 55.00 Mil | 60.00 Mil | -5.2% | Lower New | Guidance: 58.00 Mil for 2025 | |
Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 New business wins | Reported | 60.00 Mil | 65.00 Mil | 70.00 Mil | 0 | Affirmed | Guidance: 65.00 Mil for 2025 | |
| 2025 Net sales | Reported | 420.00 Mil | 430.00 Mil | 440.00 Mil | -3.4% | Lowered | Guidance: 445.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | Reported | 53.00 Mil | 58.00 Mil | 63.00 Mil | 0 | Affirmed | Guidance: 58.00 Mil for 2025 | |
| 2025 Free cash flow | Reported | 14.00 Mil | 15.00 Mil | 16.00 Mil | 0 | Affirmed | Guidance: 15.00 Mil for 2025 | |
Insider Activity
Updated 7/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | White, Raymond T | By: Legion Partners Special Opportunities, L.P. XI | Sell | 5142026 | 2.41 | 18,782 | 45,298 | 2,070,007 | Form | |
| 2 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.63 | 136,165 | 358,046 | 12,013,436 | Form | |
| 3 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.51 | 12,199 | 30,666 | 11,827,127 | Form | |
| 4 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.69 | 555,305 | 1,493,993 | 12,690,829 | Form | |
| 5 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.30 | 94,380 | 216,866 | 12,114,884 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | White, Raymond T | By: Legion Partners Special Opportunities, L.P. XI | Sell | 5142026 | 2.41 | 18,782 | 45,298 | 2,070,007 | Form | |
| 2 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.63 | 136,165 | 358,046 | 12,013,436 | Form | |
| 3 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.51 | 12,199 | 30,666 | 11,827,127 | Form | |
| 4 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.69 | 555,305 | 1,493,993 | 12,690,829 | Form | |
| 5 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.30 | 94,380 | 216,866 | 12,114,884 | Form | |
| 6 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.21 | 55,483 | 122,595 | 11,858,402 | Form | |
| 7 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.24 | 79,757 | 178,839 | 12,158,304 | Form | |
| 8 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.29 | 348,161 | 798,647 | 12,621,047 | Form | |
| 9 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.04 | 40,030 | 81,705 | 11,940,772 | Form | |
| 10 | Barrett, John Frederick | Footnote | Sell | 4292026 | 2.06 | 315,436 | 648,631 | 12,112,008 | Form | |
| 11 | Corre, Partners Management, Llc | Footnote | Sell | 4272026 | 2.63 | 136,165 | 358,046 | 980,130 | Form | |
| 12 | Corre, Partners Management, Llc | Footnote | Sell | 4272026 | 2.51 | 12,199 | 30,666 | 1,028,556 | Form | |
| 13 | Corre, Partners Management, Llc | Footnote | Sell | 4272026 | 2.69 | 555,305 | 1,493,993 | 1,109,594 | Form | |
| 14 | Corre, Partners Management, Llc | Footnote | Sell | 4222026 | 2.30 | 94,380 | 216,866 | 1,288,958 | Form | |
| 15 | Corre, Partners Management, Llc | Footnote | Sell | 4222026 | 2.21 | 55,483 | 122,595 | 1,295,261 | Form | |
| 16 | Corre, Partners Management, Llc | Footnote | Sell | 4222026 | 2.24 | 79,757 | 178,839 | 1,347,705 | Form | |
| 17 | Corre, Partners Management, Llc | Footnote | Sell | 4172026 | 2.29 | 348,161 | 798,647 | 1,427,652 | Form | |
| 18 | Corre, Partners Management, Llc | Footnote | Sell | 4172026 | 2.04 | 40,030 | 81,705 | 1,460,389 | Form | |
| 19 | Corre, Partners Management, Llc | Footnote | Sell | 4172026 | 2.06 | 315,436 | 648,631 | 1,493,281 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Conglomerates Resources |
| Bloomberg Businessweek |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/5/2026