NN, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales $131.1 million, up 26.2% year over year
- ➤Q3 adjusted EBITDA $18.5 million, up 49.7% year over year
- ➤2026 guidance raised: net sales $480-$500 million
- ➤2026 adjusted EBITDA guidance raised to $64-$68 million
- ➤New business awards reached $130 million annualized over trailing 12 months
Expert Statements
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“NN has delivered several consecutive years of improved adjusted EBITDA and sales growth wins, is now benefitting from the launching of these programs, and has a solid multi-year outlook for continued growth.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We paid off all of our preferred stock via several debt-for-equity transactions over the last 4 months.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We also raised strategic capital to fund additional programs that were previously on hold due to lack of funding.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“Taken together, this represented $143 million of capital transactions.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“This transformation is behind us now and we are already underway leveraging our newly enhanced flexibility.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We are operating under a new reality whereby we can move faster and improve on multiple fronts at once.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“While we are on track for our best year ever in 2026, our momentum is continuing into 2027, as part of an achievable multi-year growth outlook.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“The last remaining balance sheet financial improvements are with regards to our ABL and Term Loan, which we will fix at the right time.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We are taking forward actions on targeted sales growth, exiting low profit auto programs, and continuously taking out costs.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We are on track for our multi-year targets.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We are already accelerating our pace of improvement with our newfound financial flexibility.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“Our 5 Pillar growth program is our touchstone.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“Now we are in a position to also explore logical, small bolt-on acquisitions to further enhance our goals and growth trajectory.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We are disciplined about improving our margins at the same time, walking away from dilutive business, and exiting minimal margin, minimal ROI business.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We believe we have more room to increase our gross margins, adjusted EBITDA margins, and ROIs.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“Given the results we have delivered in 2026 year to date and our strong forward outlook, we are raising our full-year 2026 guidance.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We will be more specific about 2027 when we have completed our 2027 business planning process which is underway now.”
Harold Bevis, President and Chief Executive Officer of NN, Inc.
“We are updating our thinking now that we have more financial firepower that has been enabled by our balance sheet transformation of 2026.”
Chris Bohnert, Senior Vice President and Chief Financial Officer of NN, Inc.
“Given the strength of our results year to date and the continued momentum in our targeted growth markets, we are again raising our full-year 2026 guidance across our key metrics.”
Chris Bohnert, Senior Vice President and Chief Financial Officer of NN, Inc.
“As we look ahead to the final quarter of 2026 and into 2027, our outlook reflects continued profitable growth and keeps us well on track to maintain pace with our 2029 financial goals.”
Chris Bohnert, Senior Vice President and Chief Financial Officer of NN, Inc.
“Our new capital structure enables NN to enter 2027 with a stronger balance sheet and greater financial flexibility to invest in our growth.”
CHARLOTTE, N.C., Oct. 28, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR) (“NN” or the “Company”), an entrepreneurial growth company that engineers and manufactures high-precision components and assemblies, today reported results for the third quarter ended September 30, 2026.
Q3 2026 Financial Highlights, compared to Q3 2025 * Net sales of $131.1 million, up $27.2 million or 26.2% * Gross margin of $18.3 million, up $0.8 million or 4.6% * Adjusted gross margin of $25.3 million, up $5.8 million or 29.5% * Adjusted gross margin percentage of 19.3%, up 50 basis points * Loss from operations of $3.3 million, up $1.1 million from a loss of $2.2 million * Adjusted income from operations of $8.5 million, up $4.4 million or 109.5% * GAAP net loss of $4.6 million, improving by $2.1 million or 31.3% * Adjusted net income of $5.3 million, up $5.6 million * Adjusted EBITDA of $18.5 million, up $6.1 million or 49.7% * Adjusted EBITDA margin percentage of 14.1%, up 220 basis points Performance Highlights: * During 2026, NN has completed a multi-step process to transform its balance sheet. The preferred stock payoff and equity raise has unlocked growth potential. NN now has the financial flexibility to accelerate and optimize its business results. The Company had been severely constrained by its capital structure for multiple years. The Company looks forward to achieving higher results at a faster pace. * NN’s new business program has continued to outperform expectations. On a trailing 12 months basis ended September 30, 2026, the Company has secured $130 million of annualized new business awards, a significant portion of which is not yet reflected in the Company’s run-rate. The Company is now winning more than 1 new program per day. The Company will continue to update results during quarterly earnings calls. * NN’s 5 Pillar growth program is working well and the Company is investing its time and resources to strategically pivot the portfolio to high-growth, high-value markets and products. The Company has been aided by strong underlying market growth. * Data Center: NN’s top targeted end market and one of its fastest growing businesses. NN is ramping up the business by installing over 50 new machines dedicated to this market through Q1 2027. This business has a growing $66 million pipeline, including liquid cooling components for next generation chip designs. * Defense: NN has secured multiple new awards in this market in 2026 and recently became a supplier to a leading firearm accessories OEM with multiple programs currently in ramp-up mode. * Medical: NN has secured multiple new awards in this market in 2026 and became a supplier to a leading medical equipment OEM with 30 core platforms. The Company is significantly increasing the size of the business with multiple programs in ramp-up mode.
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