NNBR · NN, Inc.

NN, Inc. reported strong first quarter 2026 results, with net sales of $118.5 million, up 12.1% year-over-year, driven by new business launches, higher precious metals pass-through pricing, and favorable foreign exchange effects. Adjusted EBITDA rose 33% to $14.1 million, reflecting improved sales mix and operating performance. The Power Solutions segment led growth with sales up 27.3% to $55.4 million, while Mobile Solutions saw modest 1.4% growth to $63.1 million. Net loss widened slightly to $6.8 million due to non-cash derivative mark-to-market losses, but adjusted net income turned positive at $1.0 million. Management highlighted strong momentum in strategic growth markets—Electric Grid & Data Center, Defense & Electronics, and Medical—which now represent 56% of sales, up from 35% in 2023. New business wins surged 83% to $42.9 million, concentrated in Electric Grid & Data Center. Based on the strong quarter and healthy outlook, NN raised its full-year 2026 guidance: net sales now expected between $450-$470 million (9% growth at midpoint), adjusted EBITDA $52-$62 million (16% growth), and new business wins $80-$90 million (14% growth). The company also accelerated its long-term goal attainment timeline from 2030 to 2029. CEO Harold Bevis stated, 'NN delivered a strong start to 2026, with first quarter results rising to the high side of expectations across many metrics.' The results and guidance raise signal improving operational execution and successful portfolio transformation.