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• Fourth Quarter Net Sales: $106.5 million, reflecting a 5% decline compared to Q4 of last year.

• Fourth Quarter Adjusted Operating Income: $2.4 million, a $3.8 million improvement over the prior-year quarter.

• Fourth Quarter Adjusted EBITDA: $12.1 million, a 21% increase from the $10 million in Q4 of 2023.

• Full Year Net Sales: $464.3 million, declining 5% compared to 2023.

• Full Year Adjusted Operating Income: $5.1 million, up 65% versus $3.1 million in fiscal 2023.

• Full Year Adjusted EBITDA: $48.3 million, marking a 12% increase year-over-year.

• Power Solutions Fourth Quarter Net Sales: $39.2 million, a decline primarily due to the sale of the Lubbock facility.

• Power Solutions Full Year Net Sales: $180.5 million, down slightly from $185.9 million in the prior year.

• Mobile Solutions Fourth Quarter Revenue: $67.4 million, a decline of just over 2%.

• Mobile Solutions Fourth Quarter Adjusted EBITDA: $10 million, up from $7.1 million in the prior-year period.

• Mobile Solutions Full Year Revenue: $283.9 million, down from $303.3 million in fiscal 2023.

• Mobile Solutions Full Year Adjusted EBITDA: $35.6 million, up more than 19% from $29.8 million in full-year 2023.

• 2025 Outlook Net Sales: Projected in the range of $450 million to $480 million.

• 2025 Outlook Adjusted EBITDA: Projected in the range of $53 million to $63 million.

• Warning! GuruFocus has detected 5 Warning Signs with NNBR.

Release Date: March 06, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• NN Inc (NASDAQ:NNBR) has secured approximately $150 million in new business awards, indicating strong business development efforts.

• The company has implemented a 'fix-it or close-it' program for underperforming plants, leading to operational improvements.

• NN Inc (NASDAQ:NNBR) has successfully closed two plants and is in the process of closing another, which is expected to improve profitability.

• The company has achieved a 21% increase in adjusted EBITDA for the fourth quarter, reflecting improved operational efficiencies.

• NN Inc (NASDAQ:NNBR) is on track with its five-year plan, having completed 60% of its transformation goals, including leadership restructuring and cost reduction initiatives.

Negative Points

• Fourth-quarter net sales declined by 5% compared to the previous year, impacted by the sale of a facility and strategic volume rationalization.

• The company faces challenges with tariffs and reshoring, which could impact future operations and profitability.

• Despite improvements, some facilities still need to focus on improving free cash flow, particularly in the Marnaz, France facility.

• The company is still in the process of refinancing its term loan, which could affect financial flexibility.

• NN Inc (NASDAQ:NNBR) has experienced a decline in full-year net sales by 5%, driven by strategic exits and foreign exchange impacts.