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Last $25.17 USD
Change Today +0.01 / 0.04%
Volume 93.5K
NNBR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

nn inc (NNBR) Snapshot

Open
$25.19
Previous Close
$25.16
Day High
$25.49
Day Low
$25.00
52 Week High
07/23/14 - $30.94
52 Week Low
12/16/14 - $17.49
Market Cap
479.5M
Average Volume 10 Days
123.1K
EPS TTM
$1.01
Shares Outstanding
19.1M
EX-Date
02/18/15
P/E TM
24.9x
Dividend
$0.28
Dividend Yield
1.11%
Current Stock Chart for NN INC (NNBR)

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nn inc (NNBR) Details

NN, Inc. manufactures and sells metal bearing, plastic and rubber, and precision metal components for bearing, automotive, and industrial parts manufacturers worldwide. The company’s Metal Bearing Components segment manufactures and supplies precision steel balls that are used primarily by manufacturers of anti-friction bearings; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers; and precision metal retainers for roller bearings that are used in various industrial applications. Its Plastic and Rubber Components segment offers a range of precision bearing seals for use in the automotive, industrial, agricultural, and mining markets; precision plastic retainers for ball and roller bearings, which are used in various industrial applications; rubber seals; and precision plastic components, including automotive under-the-hood components, electronic instrument cases, and precision electronic connectors and lenses, as well as various other specialized industrial and consumer parts. The company’s Autocam Precision Components segment provides engineered shafts, mechanical components, fluid system components, and complex precision assembled and tested parts used in the transportation, HVAC, fluid power, and diesel engine markets. NN, Inc. was founded in 1980 and is based in Johnson City, Tennessee.

3,775 Employees
Last Reported Date: 03/16/15
Founded in 1980

nn inc (NNBR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $315.0K
Senior Vice President of Corporate Integratio...
Total Annual Compensation: $230.0K
Chief Administrative Officer, Chief Complianc...
Total Annual Compensation: $210.0K
Compensation as of Fiscal Year 2014.

nn inc (NNBR) Key Developments

NN, Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Revenue Guidance for 2015

NN, Inc. announced earnings results for the fourth quarter and year ended December 31, 2014. The company has reported that net income for the fourth quarter ended December 31, 2014 was $1.62 million, or $0.08 per diluted share, compared to $4.48 million, or $0.25 per diluted share, for the same quarter ended December 31, 2013. Net sales for the fourth quarter ended December 31, 2014 were $153.76 million, compared to $90.08 million for the same quarter ended December 31, 2013. Net income for the year ended December 31, 2014 was $8.22 million, or $0.45 per diluted share, compared to $17.18 million, or $1 per diluted share, for the year ended December 31, 2013. Net sales for the year ended December 31, 2014 were $488.6 million, compared to $373.21 million for the year ended December 31, 2013. The company expects foreign exchange to have a negative impact on 2015 sales of 3% to 5%. With this backdrop it expects 2015 to be another solid year of growth. Businesses will be growing at 8% while margins continue to expand. It is forecasting 2015 foreign currency adjusted revenue to be $670 million to $690 million.

NN Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

NN Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported 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. The sales included approximately $65.9 million in net sales from the 4 acquired businesses. The impact of foreign exchange translation during the quarter was about $2 million in sales and resulted in an after-tax impact of $200,000 or $0.01 per diluted share. Adjusted income from operations which excludes acquisition and other related expenses for the fourth quarter was $10.9 million, an increase of 68%, compared to $6.5 million for the same period in 2013. Adjusted net income which excludes acquisition and other related expenses increased to $5.7 million or $0.30 per diluted share, compared to $4.5 million or $0.25 per diluted share for the same period in 2013. Reported income from operations for the fourth quarter was $8.6 million which included $2.3 million in acquisition, integration and impairment charges, compared to $6.5 million for the same period in 2013. Reported net income for the fourth quarter was $1.6 million or $0.08 per diluted share including acquisition, impairment and other non-recurring charges, compared to $4.5 million or $0.25 per diluted share for the fourth quarter 2013. Income before provision for income taxes was $2.551 million against $6.058 million a year ago. sales were $64 million higher than the fourth quarter of last year due primarily to the acquisitions. For the full year, the company reported Net sales for full year 2014 increased $115.4 million, or 31% to $488.6 million, compared to net sales of $373.2 million for full year 2013. The sales include approximately $101 million in sales from 4 acquisitions. Adjusted income from operations for the twelve months ended December 31, 2014 increased $11.5 million or 40% to $39.9 million, compared to $28.4 million for the same period in 2013. Adjusted net income for the year 2014 was $23.5 million, or $1.29 per diluted share, compared to adjusted net income of $17.7 million, or $1.03 per diluted share for the year 2013. Reported income from operations for the year 2014 was $27.7 million including $12.2 million in charges related to the four acquisitions made during the year, compared to $27.8 million for the year 2013.  Reported net income for full year 2014 was $8.2 million or $0.45 per diluted share which included $15.3 million in acquisition, integration, impairment expenses and foreign exchange losses on intercompany loans. This compares to $17.2 million or $1.00 per diluted share for the year 2013. Income before provision for income taxes was $13.172 million against $25.178 million a year ago. Capital spending totaled $27.5 million, which was a bit higher than forecast, and this was due to capitalizing for new sales programs at Autocam that were already underway when acquired the company. The company provided revenue guidance for the year 2015. For the year, the company expects revenues to be somewhere in the range of $670 million to $690 million.

NN Inc. to Report Q4, 2014 Results on Mar 10, 2015

NN Inc. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Mar 10, 2015

 

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Industry Analysis

NNBR

Industry Average

Valuation NNBR Industry Range
Price/Earnings 55.9x
Price/Sales 1.0x
Price/Book 2.8x
Price/Cash Flow 15.8x
TEV/Sales 0.1x
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