NN, Inc. Provides Update On Strategic Repositioning At Annual Investor Day

CHARLOTTE, N.C., Sept. 26, 2018 /PRNewswire/ — NN, Inc., (Nasdaq: NNBR) (“NN” or “the Company”) a diversified industrial company, today is hosting its annual investor day to showcase its new global headquarters in Charlotte, North Carolina and share an update on the execution of its strategic plan and the repositioning of its business. Presentations from President & CEO Richard Holder and other members of the executive team will begin at approximately 8:30 a.m. ET.

Mr. Holder said, “NN has made significant strides in executing our strategic plan through the creation of a more balanced portfolio and the expansion into higher-growth end markets, driving forward our transformation into a leading diversified industrial company. Our new enterprise structure organized around our core businesses of Life Sciences, Mobile Solutions and Power Solutions enables NN to further evolve its business and accelerate growth in the near and long-term. Positive performance across each business demonstrates the success of our new structure, and we are excited to share our progress.” 

Highlights of the presentation include:

  • Updates on progress toward building a diversified and balanced business to enhance growth and shareholder value  
  • Strategic overviews of the Life Sciences, Mobile Solutions and Power Solutions Groups

In addition to Richard Holder, speakers at the company’s Investor Day will include:

  • Robbie Atkinson, Executive Vice President, Life Sciences
  • Chris Qualters, Executive Vice President, Power Solutions
  • Warren Veltman, Executive Vice President, Mobile Solutions
  • Tom Burwell, Senior Vice President and Chief Financial Officer
  • Paul Taylor, Vice President, Marketing & Investor Relations

For those who are unable to attend, a live webcast of the session will be available on the company’s Investor Relations website, www.nninc.com, from 8:30am – 11:15am Eastern Time. The broadcast will remain available on the website for 90 days.

NN, Inc. combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has 51 facilities in North America, Western Europe, Eastern Europe, South America and China.

Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. (the “Company”) and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “assumptions”, “target”, “guidance”, “outlook”, “plans”, “projection”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “potential” or “continue” (or the negative or other derivatives of each of these terms) or similar terminology. Factors which could materially affect actual results include, but are not limited to: general economic conditions and economic conditions in the industrial sector, inventory levels, regulatory compliance costs and the Company’s ability to manage these costs, start-up costs for new operations, debt reduction, competitive influences, risks that current customers will commence or increase captive production, risks of capacity underutilization, quality issues, availability and price of raw materials, currency and other risks associated with international trade, the Company’s dependence on certain major customers, and the successful implementation of the global growth plan including development of new products. Similarly, statements made herein and elsewhere regarding pending and completed transactions are also forward looking statements, including statements relating to the future performance and prospects of an acquired business, the expected benefits of an acquisition on the Company’s future business and operations and the ability of the Company to successfully integrate recently acquired businesses or the possibility that the Company will be unable to execute on the intended redeployment of proceeds from a divestiture, whether due to a lack of favorable investment opportunities or otherwise. 

For additional information concerning such risk factors and cautionary statements, please see the section titled “Risk Factors” in the Company’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements make in this press release, whether as a result of new information, future events or otherwise. 

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AT THE COMPANY, Paul Taylor, Vice President Marketing & Investor Relations, (980) 264-4313; AT ABERNATHY MACGREGOR, Claire Walsh (General info), 212-371-5999