Here are a few analogies to describe NN (NNBR):

• Like Foxconn, but specializing in high-precision metal components for medical and aerospace industries, rather than consumer electronics.
• Similar to Magna International, but supplying precision metal parts and assemblies to the medical, aerospace, and general industrial sectors instead of primarily automotive.

• Medical Components: High-precision metal components and assemblies designed for various medical devices and equipment.
• Aerospace & Defense Components: Precision-engineered metal parts critical for aerospace, defense systems, and related applications.
• General Industrial Components: Custom and standard high-precision metal components utilized across a wide range of industrial machinery and equipment.
• Power Components: Specialized high-precision metal components, including electrical contacts and connectors, for power generation, transmission, and distribution systems.

NN, Inc. (symbol: NNBR) primarily sells its high-precision components and assemblies to other companies, operating in a business-to-business (B2B) model.

According to its most recent annual report (Form 10-K), NNBR serves a diverse group of customers. For the fiscal year ended December 31, 2023, no single customer accounted for more than 6% of its net sales, and no other customer accounted for more than 5%. Therefore, NNBR is not dependent on any single customer or small group of customers, and it does not publicly disclose the names of specific "major customers" in its filings.

Instead, NNBR's customer base consists of Original Equipment Manufacturers (OEMs), component suppliers, and system integrators. These customers operate primarily within the following key markets:

• Aerospace and Defense
• Power and Energy
• Medical

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Harold C. Bevis, President and Chief Executive Officer

Harold Bevis joined NN, Inc. in 2023 as President and Chief Executive Officer. He has over 30 years of leadership experience, having spent half his professional career in public companies and half in private. Before joining NN, he was the CEO, President, and Director of Commercial Vehicle Group, Inc. for nine years, from March 2020 to May 2023. Prior to that, he served as Chairman and CEO of Boxlight, a startup focused on education technology solutions, from January 2020 to March 2020. Mr. Bevis also held CEO positions at several packaging companies, including Xerium Technologies, Inc., Prolamina, and Pliant Corporation. He began his career at General Dynamics.

Christopher H. Bohnert, Senior Vice President and Chief Financial Officer

Christopher Bohnert was appointed Chief Financial Officer of NN, Inc. effective June 25, 2024. He brings over 30 years of global manufacturing leadership experience and has a significant background in successful business transitions and deep accounting expertise. Mr. Bohnert has extensive experience in senior financial leadership roles at both public and private equity companies. He previously served as an advisor to the CEO and, prior to that, as Executive Vice President and Chief Financial Officer at Commercial Vehicle Group (CVG). His past financial leadership roles also include positions at Calumet, Titan International, Silgan Plastics, and Fleischmann's Yeast.

Timothy M. French, Senior Vice President and Chief Operating Officer

Timothy French joined NN, Inc. in 2023 as Chief Operating Officer. He is a seasoned executive with over 35 years of hands-on manufacturing experience. Over the past 15 years, Mr. French has held various leadership roles, including CEO, President, COO, and Vice President of Operations, and has been a senior operations leader in two company turnarounds. He served as President of Synergein Solutions Limited from September 2018 to August 2023 and as Chief Operating Officer at ProAmpac from 2010 to 2018.

D. Gail Nixon, Senior Vice President and Chief Human Resources Officer

D. Gail Nixon has served as Senior Vice President and Chief Human Resources Officer of NN, Inc. since 2018. She has held multiple positions within NN, Inc., including Vice President of Human Resources and Corporate Human Resources Manager. Ms. Nixon also has experience in various accounting and human resources roles, including Corporate Human Resources Director from 2000 to 2007.

Timothy Erro, Vice President and Chief Commercial Officer

Timothy Erro joined NN, Inc. in July 2025 as Vice President and Chief Commercial Officer. In this role, he leads NN's global commercial team. Mr. Erro has a strong track record, having previously led a global team that achieved over $50 million per year in new business wins of electrical products at a prior company. He is recognized for his expertise in entering new markets and expanding market share.

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NN, Inc. (symbol: NNBR) operates in diversified industrial markets, manufacturing high-precision components and assemblies. The company's main products and services address several key markets globally.

The addressable markets for NN's main products and services are as follows:

• Industrial Plastic Products: The global industrial plastic market was valued at approximately $94.26 billion USD in 2024 and is projected to reach $143.03 billion USD by 2030, with a compound annual growth rate (CAGR) of 6.0% from 2025 to 2030. Asia Pacific holds the largest share of this market, and North America is also a significant region.
• Medical Components and Devices: The global medical component manufacturing market size was valued at $16.12 billion USD in 2024 and is projected to grow to $25.23 billion USD in 2033, with a CAGR of 5.1% from 2025 to 2033. North America accounted for 38% of this market in 2024. Separately, the global medical device plastics market is expected to grow from $21.93 billion USD in 2025 to $31.82 billion USD by 2030, at a CAGR of 7.7%.
• Aerospace and Defense Components: The global aerospace and defense components market is projected to grow from $71.97 billion USD in 2025 to $103.51 billion USD in 2029, at a CAGR of 9.5%. The North America aerospace and defense materials market, a segment of this, is expected to reach $15.08 billion USD by 2030. North America was the largest regional market for aerospace and defense components.
• Precision Metal Parts: The global precision metal parts market was valued at $254.81 billion USD in 2025 and is expected to reach $311.52 billion USD by 2034, growing at a CAGR of 9.4% from 2025 to 2034. North America accounted for 22% of this global market demand in 2024.
• Automotive Precision Parts: The global automotive precision parts market was valued at approximately $450 billion USD in 2023 and is projected to grow at a CAGR of around 5.5% from 2024 to 2030.
• Electrical Contacts and Contact Materials: The global electrical contacts and contact materials market is expected to reach $18.6 billion USD by 2034, growing at a CAGR of 5.8% from 2025 to 2034. Asia-Pacific is the dominant region in this market.
• Mechanical Power Transmission Products: The global mechanical power transmission market is valued at $75.95 billion USD in 2025 and is projected to reach $126.09 billion USD by 2035, growing at a CAGR of 5.2%.
• Precision Fluid Control Equipment / Fluid Management Systems: The global precision fluid control equipment market size is estimated at $50.6 billion USD in 2023, with a projected growth to $85.7 billion USD by 2032, achieving a CAGR of 5.9%. The global fluid management systems market is estimated at $14.10 billion USD in 2025 and is expected to reach $26.64 billion USD by 2030, at a CAGR of 13.58%. North America was the largest region in the fluid management systems market in 2024.

Share Issuance

• NN, Inc. reported an increase in shares issued and outstanding, with 50,032,000 shares at June 30, 2024, compared to 47,269,000 shares at December 31, 2023. This change is reflected in an increase in additional paid-in capital from $457,632,000 to $462,410,000 over the same period, indicating a dollar amount of approximately $4,778,000 in share issuances.
• As of February 14, 2025, there were 49,886,862 shares of common stock outstanding.
• Performance Share Units (PSUs) are expected to vest and be settled by the issuance of common stock, contributing to future share issuances for compensation purposes.

Outbound Investments

• NN, Inc. is actively pursuing merger and acquisition (M&A) opportunities to deleverage and add value, with potential deals anticipated to close by year-end 2025 or early 2026.

Capital Expenditures

• NN, Inc. has aimed to keep cash capital expenditure spending at normal levels by leveraging its existing installed base of machinery and equipment, valued at $340 million, and land and buildings, valued at $56 million.
• For the full year 2025, NN, Inc. initiated free cash flow guidance of $14 million to $16 million.
• Capital expenditures in 2025 are focused on supporting the launch of new products and continuing the rationalization of underperforming business and plants, with an estimated $15 million in total cost savings expected in 2025 from these efforts.