Nn Inc (NASDAQ: NNBR)

Nn Inc is a diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for various end markets globally. The company operates 27 facilities across North America, South America, Europe, and China, serving a broad range of industries with its specialized products.

Nn Inc generates revenue through the sale of high-precision components and assemblies, catering to markets such as automotive, general industrial, medical, electrical, aerospace, and defense. The company's primary products include power steering components, braking systems, transmission parts, gasoline fuel system components, heating, ventilation, and air conditioning parts, diesel injection and emissions treatment components, electrical contacts, connectors, contact assemblies, precision stampings, and medical tools and instruments. These products are sold to manufacturers who integrate them into larger mechanical and electrical systems.

• Mobile Solutions: This segment focuses on growth in the automotive, general industrial, and medical end markets. It specializes in manufacturing highly complex, tight tolerance, system-critical components for various applications, including battery electric, hybrid electric, and internal combustion engine vehicles. The group produces components for power steering, braking, transmissions, gasoline fuel systems, heating, ventilation, and air conditioning, and diesel injection and emissions treatment applications. The expertise in this segment is built through investments in technical capabilities, processes, and systems, enabling skilled program management and product launch capabilities.

• Power Solutions: This segment targets growth in the electrical, general industrial, automotive, and medical end markets. It combines materials science expertise with advanced engineering and production capabilities to design and manufacture a broad range of high-precision metal components, assemblies, and finished devices. Products include electrical contacts, connectors, contact assemblies, precision stampings for the electrical end market, and high-precision products for the aerospace and defense end market. The medical business within this segment produces tools and instruments for the orthopedics and medical/surgical end markets.

Nn Inc holds a strong position in the high-precision manufacturing industry, competing with companies such as Anton Häring KG, A. Berger Holding GmbH & Co. KG, Brovedani Group, Burgmaier Technologies GmbH & Co. KG, CIE Automotive, S.A., IMS Gear SE & Co. KGaA, MacLean-Fogg Component Solutions, Checon Corporation, Deringer-Ney, Inc., Electrical Contacts, Ltd., Interplex Industries, Inc., J&J Machining, LLC, Norstan, Inc., Owens Industries, Inc., Composidie, Inc., and Eaton Corporation. The company's competitive advantages include its high-precision manufacturing capabilities, differentiated system-critical products, complete product lifecycle focus, and a long-term blue-chip customer base. Nn Inc's ability to produce high-precision parts at high production volumes, with consistent production tolerances of less than one micron, sets it apart from many competitors. The company's products are critical components in larger mechanical and electrical systems, reducing the ability for customers to change suppliers. Additionally, Nn Inc's strategic global footprint, with facilities on four continents, provides flexibility and local service expertise, further enhancing its competitive position.

The company's products are supplied primarily to manufacturers for use in a broad range of industrial applications, including automotive, electrical, agricultural, construction, residential devices and equipment, aerospace and defense, medical, heating, ventilation, and air conditioning, and fluid power and diesel engines. Sales are made to multiple customer locations and divisions worldwide, with the top ten customers accounting for approximately 49% of net sales. In 2025, 60% of products were sold to customers in North America, 19% to customers in Asia, 10% to customers in South America, and 11% to customers in Europe. Nn Inc sells its products to most of its largest customers under either sales contracts or agreed-upon commercial terms, passing through material cost fluctuations to customers in the form of changes in selling prices. The company's products are typically shipped directly to customers within 60 days, often during the same calendar month of the date on which a sales order is placed.