NN names Mike Felcher as CFO » 07:3206/1506/15/21
NN (NNBR) named Mike…
NN (NNBR) named Mike Felcher as Senior Vice President and CFO effective July 1. Felcher will be assuming the CFO role from Tom DeByle, who will be retiring from his current role but will remain with the Company until June 30 to ensure a smooth transition. Felcher has served as NN's Chief Accounting Officer since June 2018. Prior to joining the Company, he served as the Vice President, North America CFO for JELD-WEN (JELD), a publicly held, global manufacturer of doors and windows, from 2013 to 2017. Before assuming his role at JELD-WEN, Felcher served as a Director of Finance for United Technologies Corp. following its acquisition of Goodrich Corporation in 2012. He also previously served in a variety of finance roles at Goodrich and began his career at PricewaterhouseCoopers in Boston.
|Over a month ago|
NN, Inc. announces cooperation agreement with Corre Partners » 09:0305/1405/14/21
NN, Inc. (NNBR) announced…
NN, Inc. (NNBR) announced its Board of Directors has voted to expand its Board by appointing Dr. Rajeev Gautam, President and CEO of Performance Materials and Technologies of Honeywell (HON), as a director, effective immediately. NN will also nominate Dr. Gautam to stand for election at the company's upcoming annual meeting of shareholders to be held on May 27. This nomination will be included in a supplement to the proxy statement to be mailed to NN stockholders and filed with the SEC. These actions follow constructive dialogue and collaboration with Corre Partners Management, an investment firm whose affiliated funds are long-time, significant stockholders of the company. This announcement reflects the company's entry into an associated cooperation agreement between NN, Corre Partners, and certain of its affiliates. The NN Board is now comprised of 10 members, nine of whom are independent. After the company's 2021 Annual Meeting of Stockholders and the retirement of Director Steven Warshaw, the Board will be comprised of nine members, eight of whom are independent.
NN, Inc. reports Q1 adjusted EPS 5c, consensus 3c » 16:5305/0605/06/21
Reports Q1 revenue…
Reports Q1 revenue $126.8M, consensus $121.92M.
NN, Inc. to host business news update conference call » 08:5504/0704/07/21
Management holds a…
NN, Inc. to host business news update conference call » 04:5504/0704/07/21
Management holds a…
NN, Inc. downgraded to Market Perform from Outperform at CJS Securities » 07:3804/0604/06/21
CJS Securities analyst…
CJS Securities analyst Daniel Moore downgraded NN, Inc. to Market Perform from Outperform.
NN, Inc. to host business news update conference call » 15:5304/0504/05/21
Management holds a…
|Over a quarter ago|
Fly Intel: After-Hours Movers » 18:4703/1103/11/21
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Check out this evening's…
NN, Inc. reports Q4 EPS 17c, consensus (5c) » 16:3103/1103/11/21
Reports Q4 revenue…
Reports Q4 revenue $119.0M, consensus $108.81M. Reports Q4 adj. EBITDA $16.8M vs. $11.8M last year. CEO Warren Veltman said, "We made strong progress in the fourth quarter toward driving improved operating results, which was enabled in part by the continued recovery in customer demand across our end markets, as we saw sequential increases in activity from the pandemic-related lows in the second quarter. To finish the year, we posted both sequential and year-over-year growth in revenues and solid improvements in profitability on an adjusted basis, which highlight the strong potential of our business."
NN, Inc. reports Q3 EPS 45c, consensus (2c) » 19:5611/0511/05/20
Reports Q3 revenue…
Reports Q3 revenue $113.8M, consensus $176.7M. Warren Veltman, CEO, said, "With the sale of Life Sciences complete, NN has begun a new chapter as a financially strengthened organization with two focused, highly complementary segments. Our improved capital structure should enhance NN's ability to capitalize on the powerful synergies of our Mobile Solutions and Power Solutions businesses to drive margin improvements, continue delivering consistent cash flow and generate long-term shareholder value... We are encouraged by the stronger sequential growth we saw across our Mobile Solutions and Power Solutions businesses in the third quarter, driven by improved customer demand across our end markets, even amidst ongoing challenges related to the pandemic. Going forward, we remain intensely focused on streamlining our cost structure to best align with the current environment. This includes maintaining a strong discipline related to capital expenditures and continuing to manage our debt levels."