NN Inc Dossier
Qualitative Analysis
Business overview
NN, Inc. (NASDAQ: NNBR) is a global 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. Headquartered in Charlotte, North Carolina, the company operates facilities across North America, Europe, South America, and Asia. NN, Inc. operates through two primary reporting segments: Mobile Solutions and Power Solutions. The Mobile Solutions segment focuses on system-critical, tight-tolerance components for the automotive, general industrial, and medical end markets, serving applications in battery electric, hybrid, and internal combustion engine vehicles, braking, transmissions, and HVAC systems. The Power Solutions segment designs and manufactures high-precision metal components, electrical contacts, connectors, contact assemblies, and precision stampings for the electrical, general industrial, automotive, medical, and aerospace and defense end markets.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
A comprehensive operational turnaround launched in mid-2023 to shift the company's sales mix away from low-margin automotive markets into high-value growth markets, including Electric Grid & Data Center, Defense & Electronics, and Medical.
Expected impact: Aims to achieve $600 million in net sales, a 20% adjusted gross margin, and $80 million in adjusted EBITDA (13% margin) by 2029.
Securing multiple new awards with a leading global provider of AI infrastructure and data center computing equipment to supply liquid cooling connector components for AI reasoning racks.
Expected impact: Establishes a strong foothold in the rapidly growing AI cloud computing hardware market, driving high-margin revenue growth.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquired automated plating equipment from an existing customer transitioning to outsourced operations. The acquisition expands NN's processing capabilities in silver-plated busbars and terminals used in electric grid and data center equipment.
Financial impact: The transaction value of $20-22 million (midpoint $21 million) is funded from operating cash flow and is inclusive to the company's 2026 capex guidance of $20-22 million. New business won from this line is included in the 2026 new business wins guidance.