NN, Inc. Reports Fourth Quarter and Full Year 2014 Results

NN, Inc. Reports Fourth Quarter and Full Year 2014 Results

  • Record full year net sales including acquisitions of $488.6 million, an increase of $115.4 million or 31% compared to 2013
  • Record annual adjusted income from operations of $39.9 million before acquisition and integration charges, an increase of 40% compared to the prior year
  • Record adjusted net income for 2014 of $23.5 million or $1.29 per diluted share
  • 2015 foreign currency adjusted revenue forecast of $670 to $690 million

Johnson City, Tenn, March 10, 2015 –NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today reported its financial results for the fourth quarter and twelve months ended December 31, 2014.

Fourth Quarter 2014 Results

Net sales for the fourth quarter increased $63.7 million, or 71% to $153.8 million, as compared to $90.1 million for the fourth quarter of 2013.  This included approximately $65.9 million in net sales from the four acquisitions. The impact of foreign exchange translation during the quarter was $2.0 million in sales resulting in an after tax impact of $0.2 million or $0.01 per diluted share for the quarter.

NN, Inc.NN, Inc. Reports Fourth Quarter and Full Year 2014 Results
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NN, INC. TO WEBCAST ANALYST DAY PRESENTATIONS ON THURSDAY, FEBRUARY 5, 2015

Johnson City, Tenn, February 3, 2015 – NN, Inc. (Nasdaq: NNBR), a diversified industrial company, announced today that it will host an Investor & Analyst Day in New York City on Thursday, February 5, 2015, beginning at 8:30 a.m. ET. The event, which will be webcast live beginning at 9:30 am, will include presentations by Richard Holder, President and Chief Executive Officer, James Dorton, Sr. Vice President and Chief Financial Officer, Jeff Manzagol, Sr. Vice President and GM, Metal Bearings Components and Warren Veltman, Sr. Vice President and GM, Autocam Precision Metals Components. Presentation by company executives will begin at approximately 9:30 am ET and will last until approximately 12:00 pm ET.

The simultaneous live broadcast of the event will be available over the Internet and can be accessed by any interested party at http://wsw.com/webcast/cc/nnbr2/. The webcast will be listen-only and will be accessible and archived for replay at http://www.nnbr.com.

NN, Inc.NN, INC. TO WEBCAST ANALYST DAY PRESENTATIONS ON THURSDAY, FEBRUARY 5, 2015
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NN, INC. ANNOUNCES QUARTERLY DIVIDEND

Johnson City, Tenn, January 22, 2015 – NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on March 6, 2015, to shareholders of record as of the close of business on February 20, 2015.

NN, Inc.NN, INC. ANNOUNCES QUARTERLY DIVIDEND
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NN, INC. ANNOUNCES ORGANIZATIONAL CHANGES TO METAL BEARING COMPONENTS GROUP

Johnson City, Tenn, January 15, 2015 – NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today that the Metal Bearing Components Group has reorganized its portfolio into two distinct business units – Global Rollers Division and Global Ball Division. The Company also announced four newly created positions to the Group:

  • Rob Heinrich named Vice President/General Manager of the Global Rollers Division
  • Dario Galetti named Vice President/General Manager of the Global Balls Division
  • Jeff Hodge named Vice President of Business Development
  • Trevor Lynch named Group Controller

Leading our global rollers division will be Rob Heinrich. Prior to this appointment Mr. Heinrich served as general manager of NN’s roller and stamped parts operation in the Netherlands. Dario Galetti has been appointed to lead our global ball division. Previously, he lead the Company’s European ball division.

NN, Inc.NN, INC. ANNOUNCES ORGANIZATIONAL CHANGES TO METAL BEARING COMPONENTS GROUP
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NN, Inc. To Host Annual Investor Day

Johnson City, Tenn., January 8, 2015 – NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today that the Company is hosting its annual investor day on Thursday, February 5, 2015 at the Westin Times Square in New York from 9:30 a.m. to approximately 12:00 p.m. EST. The event will feature presentations from President & CEO Richard Holder, as well as other members of the management team on the Company’s strategic plan.

Mr. Holder commented, “We’re excited to host our annual investor day in New York. 2014 was an exciting year in NN’s history, and we look forward to sharing an update of our strategic plan.”

For information on attending, please contact the Financial Relations Board at 212-827-3746.

NN, Inc., a diversified industrial company manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China.

NN, Inc.NN, Inc. To Host Annual Investor Day
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