NN, Inc. reported a net loss of $34.0 million for the fiscal year ending December 31, 2025, a slight improvement from the net loss of $38.3 million in 2024. The company's total revenue decreased by 9.1% to $422.2 million, down from $464.3 million in the previous year. This decline was attributed to the rationalization of underperforming business units, the sale of its Lubbock operations, and lower sales volumes, which were partially offset by new business contributions and higher precious metals pricing. The cost of sales also decreased by 8.1% to $362.8 million, reflecting the overall drop in sales.
In terms of operational changes, NN, Inc. undertook significant restructuring efforts, including the closure of two manufacturing facilities in Juarez, Mexico, and Dowagiac, Michigan, as part of a strategy to streamline operations and reduce costs. The company expects these actions to yield annual savings of approximately $5.4 million. Additionally, NN, Inc. has been focusing on expanding its presence in targeted growth markets, particularly in the automotive and medical sectors, which are expected to drive future revenue growth.
The company’s workforce as of December 31, 2025, consisted of approximately 2,300 employees, with a significant portion engaged in production roles. NN, Inc. continues to maintain a diverse customer base, with its top ten customers accounting for about 49% of net sales. The geographical distribution of sales showed that 60% of revenue was generated from North America, while 19% came from Asia, 10% from South America, and 11% from Europe.
Looking ahead, NN, Inc. anticipates ongoing challenges related to macroeconomic conditions, including inflationary pressures on raw materials and potential supply chain disruptions. The company is also closely monitoring the impacts of geopolitical events and trade negotiations on its operations. Despite these challenges, management remains optimistic about the long-term growth potential in its key markets and is committed to executing its strategic initiatives to enhance operational efficiency and profitability.
About NN INC
NN, Inc. is a diversified industrial manufacturer specializing in high-precision components and assemblies for automotive, industrial, medical, aerospace, and defense markets. Its core capabilities include advanced engineering, materials science, and high-volume production of system-critical parts with tight tolerances. Serving global customers through a strategic footprint, NN provides engineered solutions, lifecycle support, and quality manufacturing to meet demanding application requirements.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.