# EDGAR Filing Document

**Accession Number:** 0000918541
**File Stem:** 0000918541-25-000149
**Filing Date:** 2025-10
**Character Count:** 70537
**Document Hash:** 661b034a35f5be2402e2c085d39534d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000918541-25-000149.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000918541-25-000149

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 37

**CONFORMED PERIOD OF REPORT**: 20251029

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NN INC
- **CENTRAL INDEX KEY:** 0000918541
- **STANDARD INDUSTRIAL CLASSIFICATION:** METALWORKING MACHINERY & EQUIPMENT [3540]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 621096725
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39268
- **FILM NUMBER:** 251430632

**BUSINESS ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 120
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 980-264-4300

**MAIL ADDRESS:**
- **STREET 1:** 6210 ARDREY KELL ROAD
- **STREET 2:** SUITE 120
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NN BALL & ROLLER INC
- **DATE OF NAME CHANGE:** 19940203

?xml version='1.0' encoding='ASCII'? nnbr-20251029

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): October 29, 2025**

![nnbrlogo.jpg](nnbr-20251029_g1.jpg)

**NN, Inc.**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39268** | **62-1096725** |
| *(State or other jurisdiction of<br>incorporation)* | *(Commission File Number)* | *(I.R.S. Employer<br>Identification No.)* |

---

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| | |
|:---|:---|
| **6210 Ardrey Kell Road, Suite 120** | |
| **Charlotte, North Carolina** | **28277** |
| *(Address of principal executive offices)* | *(Zip Code)* |

---

**(980) 264-4300**

*(Registrant's telephone number, including area code)* 

**(Former name or former address, if changed since last report)**

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| | |
|:---|:---|
| Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): | Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c)) |

---

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| | | |
|:---|:---|:---|
| **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** |
| *Title of each class* | *Trading symbol* | *Name of each exchange on which registered* |
| **Common Stock, par value $0.01** | **NNBR** | **The Nasdaq Stock Market LLC** |

---

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| | |
|:---|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). |
| Emerging growth company. | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ |

---

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**ITEM 2.02&nbsp;&nbsp;&nbsp;&nbsp;RESULTS OF OPERATIONS AND FINANCIAL CONDITION**

On October 29, 2025, NN, Inc. (the "Company") issued a press release announcing the Company's financial results for the quarter ended September 30, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the "Current Report").

Pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the "SEC"), the information furnished pursuant to Item 2.02 of this Current Report (including Exhibit 99.1) is deemed to have been furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

**ITEM 7.01&nbsp;&nbsp;&nbsp;&nbsp;REGULATION FD DISCLOSURE**

On October 29, 2025, the Company posted a supplemental presentation to its website, https://investors.nninc.com/, which will be presented during its quarterly investor conference call on October 30, 2025, at 9:00 a.m. ET. The supplemental presentation is included as Exhibit 99.2 to this Current Report.

Pursuant to the rules and regulations of the SEC, the information furnished pursuant to Item 7.01 of this Current Report (including Exhibit 99.2) is deemed to have been furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

**ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL STATEMENTS AND EXHIBITS**

 *(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.*

---

| | |
|:---|:---|
| **<u>Exhibit<br>No.</u>** | **<u>Description of Exhibit</u>** |
| 99.1 | <u>[Press Release issued by NN, Inc., dated October 29, 2025](pressrelease2025-q3.htm)</u> |
| 99.2 | <u>[Third Quarter 2025 Investor Presentation](q3earningspresentationnn.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
| Date: | October 29, 2025 |

---

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| | |
|:---|:---|
| **NN, INC.** | **NN, INC.** |
| By: | /s/ Christopher H. Bohnert |
| Name: | Christopher H. Bohnert |
| Title: | Senior Vice President and Chief Financial Officer |

---

## Exhibit 99.1

---

| | |
|:---|:---|
| ![nnlogoaa.jpg](nnlogoaa.jpg) | ![newsa.jpg](newsa.jpg) |

---

**FOR IMMEDIATE RELEASE**

**NN, INC. REPORTS THIRD QUARTER 2025 RESULTS**

*Business delivers improvements across operating income, margin performance, free cash flow, and Power Solutions segment sales growth* 

*Strategic value creation actions fully underway with active M&A program and preferred equity refinancing initiative*

*Softness in global automotive markets has created opportunity for closure of the final high-cost, unprofitable plant in NN's 5-year plan* 

**CHARLOTTE, N.C., October 29, 2025** – NN, Inc. (NASDAQ: NNBR) ("NN" or the "Company"), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported results for the third quarter ended September 30, 2025.

**Third Quarter Highlights:** (results from continuing operations compared with prior year, where comparisons are noted)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales of $103.9 million, down 8.5%; Power Solutions grew 4.7%, and Mobile Solutions declined 16.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Proforma net sales down 4.4% after accounting for rationalization of unprofitable business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross margin improved to $17.5 million (16.8% of sales) and adjusted gross margin improved to $19.6 million (18.8% of sales), up from $16.5 million (14.5%) and $18.6 million (16.3%), respectively, due to net sales growth in Power Solutions, and a successful continuous improvement cost-reduction program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating loss of $2.2 million improved versus $3.8 million, and adjusted operating income improved to $4.0 million versus adjusted operating income of $1.3 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA improved to $12.4 million and 11.9% margin rate versus $11.6 million and 10.2% margin rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Free cash flow improved to $9.1 million; NN has seen step change in working capital, strengthening cash flow performance.

**New Business Wins**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Third quarter wins of $11.3 million, led by strategic wins in North America auto, fire protection and aerospace & defense products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wins of $44.4 million through the third quarter; underway with launch of new programs with $48 million expected run-rate value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NN has taken aggressive actions in the third quarter to address future organic net sales growth. The Company has strategically expanded its electrical leadership and commercial team with technical and commercial additions.

------

Harold Bevis, President and Chief Executive Officer, said, "NN maintained its advancement program during the quarter, balanced around growth in targeted areas, rationalization of underperforming business, cost optimization, and cash management. We delivered another quarter of strong progress, as our transformation plan generated measurable improvement to our business fundamentals, while driving higher operating income, improved gross and adjusted EBITDA margins, and positive free cash flow performance. While certain global automotive markets remain soft in base volumes along with some new program pushouts, we are seeing better forward forecasts and tangible benefits from prior program wins, which are helping to counterbalance persistent macro pressures."

"We are nearing the completion of the rationalization of unprofitable legacy Mobile Solutions business, with one plant consolidation remaining. We have been mindful of the cash flow requirements of these activities but remain persistent on our continued actions. Along with diligent cost management, our operational efficiency initiatives and our commercial growth are taking hold while we can see market inflections in 2026, particularly in North America auto, Europe auto and North America commercial vehicle markets."

Bevis continued, "Our commercial engine and new business program continues to both deliver results and expand in breadth. We remain on track to achieve our 2025 and multi-year growth objectives. We are launching approximately $48 million of new programs in 2025, and as these programs ramp up and scale, alongside our robust pipeline, they will serve to further strengthen our foundation and position NN for solid top-line growth in 2026 and beyond. Additionally, we fundamentally increased the size and breadth of our Electrical, Medical and Defense commercial team with key new hires in the quarter."

"In the quarter, our organization turned a corner in cash flow generation, driven by diligent operational and cost leadership, combined with a clear step-change in working capital management. These are structural changes which we will carry forward, and as our sales ramp from new program launches on previously won programs, we will translate operating leverage into improved earnings power and materially improved returns."

Bevis concluded, "In parallel with our ongoing operational agenda, we are underway on several strategic fronts aimed at enhancing and unlocking shareholder value. We are actively evaluating multiple acquisition opportunities to scale up the organization through an aggressive M&A program while incorporating the refinancing of our preferred stock. We are taking decisive action to position the company for greater financial flexibility and improved common equity accretion. NN's transformation is advancing on multiple fronts—commercially, operationally, and strategically—and our focus remains squarely on creating sustainable, long-term value for our shareholders and stakeholders."

**<u>Third Quarter Results</u>**

Net sales were $103.9 million, a decrease of 8.5% compared to the third quarter of 2024 net sales of $113.6 million, primarily due to the rationalization of underperforming Mobile Solutions business and plants, and lower volumes. These net sales decreases were partially offset by higher precious metal pass-through pricing in the Power Solutions business, new business launches and favorable foreign exchange effects.

The company is underway remaking the Mobile Solutions business profile with initiatives in medical products, industrial products and is launching over 100 new business programs in 2025, along with the benefits of higher metal pass-through pricing. Loss from operations for the third quarter of 2025 was $2.2 million, an improvement of 40.1% compared to the third quarter of 2024 loss from operations of $3.8 million.

**<u>Third Quarter Adjusted Results</u>**

Adjusted income from operations for the third quarter of 2025 was $4.0 million compared to adjusted income from operations of $1.3 million for the same period in 2024. Adjusted EBITDA was $12.4 million, or 11.9% of sales, compared to $11.6 million, or 10.2% of sales, for the same period in 2024. The improvement in adjusted income from operations and adjusted EBITDA was driven by the impacts of cost reduction initiatives and higher precious metal pass-through pricing.

Adjusted net loss was $0.3 million, or $(0.01) per diluted share, compared to adjusted net loss of $2.5 million, or $(0.05) per diluted share, for the same period in 2024. Free cash flow was a generation of cash of $9.1 million compared to a generation of cash of $0.3 million for the same period in 2024.

------

**<u>Power Solutions</u>** <br> Net sales for the third quarter of 2025 were $44.9 million compared to $42.9 million in the same period in 2024.

The increase is primarily due to higher precious metal pass-through pricing, partially offset by lower sales volumes. Income from operations was $5.4 million compared to income from operations of $2.5 million for the same period in 2024, primarily due to improved margins and lower operating costs from headcount reductions.

Adjusted income from operations was $8.1 million compared to $5.2 million in the third quarter of 2024. The increase in adjusted income from operations was primarily due to favorable product mix, and lower operating costs.

**<u>Mobile Solutions</u>**

Net sales for the third quarter of 2025 were $59.1 million compared to $70.7 million in the third quarter of 2024. The decrease in sales was primarily due to the rationalization of underperforming business and plants, and lower volumes. Loss from operations was $2.9 million compared to loss from operations of $1.4 million for the same period in 2024, primarily due to lower net sales, partially offset by lower depreciation expense.

Adjusted income from operations was $0.3 million compared to adjusted income from operations of $0.9 million in the third quarter of 2024. The decrease in adjusted income from operations was primarily due to lower sales volumes, partially offset by lower operating costs.

**<u>2025 Outlook</u>**

NN is adjusting its full-year 2025 guidance for net sales, while reiterating the existing ranges on adjusted EBITDA, free cash flow, and new business wins, again guiding to the low-end of its ranges due to market uncertainties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales to range between $420 to $440 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA to range between $53 to $63 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Free cash flow to range between $14 to $16 million; guidance assumes receipt of CARES Act refund in 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New business wins to range between $60 to $70 million

**<u>2026 Outlook</u>**

NN expects to have an improving core markets outlook in 2026, supporting net sales growth and profitability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;North American passenger vehicle production outlooks showing some signs of improvement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Commercial vehicle production is forecast to improve in the second half of 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Defense and electronics markets are forecast to continue growing for multiple years

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Some remaining legacy NN minimal-profit auto business will be rationalized, and this multi-year program will be completed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Over $60 million of new business launches and ramp-ups already in the 2026 forecast

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Metal costs are forecast to continue to climb and plateau, causing year-over-year increases again

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Some improvement in US home building rates, will benefit NN's Power Solutions segment

------

**<u>Conference Call</u>**

NN will discuss its results during its quarterly investor conference call on October 30, 2025, at 9 a.m. ET. The call and supplemental presentation may be accessed via NN's website, www.nninc.com. The conference call can also be accessed by dialing 1-877-255-4315 or 1-412-317-6579. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call.

NN discloses in this press release the non-GAAP financial measures of adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted common share, and free cash flow. Each of these non-GAAP financial measures provides supplementary information about the impacts of acquisition, divestiture and integration related expenses, foreign-exchange impacts on inter-company loans, reorganizational and impairment charges.

The financial tables found later in this press release include a reconciliation of adjusted income (loss) from operations, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted share, free cash flow to the U.S. GAAP financial measures of income (loss) from operations, net income (loss), net income (loss) per diluted common share, and cash provided (used) by operating activities.

------

**<u>About NN, Inc</u>.**

NN, Inc., a global diversified industrial company, 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 facilities in North America, South America, Europe and China. For more information about the company and its products, please visit www.nninc.com.

*This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the full year of fiscal 2025, the impact of, and our ability to execute, our corporate strategies and business initiatives and the potential impact tariffs, high interest rates, high metal costs and additional economic uncertainties may have on our financial statements and results of operations. Forward-looking statements generally will be accompanied by words such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "growth," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project", "trajectory" or other similar words, phrases or expressions. Forward-looking statements involve a number of risks and uncertainties that are outside of management's control and that may cause actual results to be materially different from such statements. Such factors include, among others, general economic conditions and economic conditions in the industrial sector; the potential impacts of tariffs on the U.S. economy, the economy of other countries in which we conduct operations and our industry, as well as the potential implications and ramifications of tariffs on our business and the local and global supply chains supporting the same, and our ability to mitigate any adverse impacts of such; competitive influences; risks that current customers will commence or increase captive production; risks of capacity underutilization; quality issues; material changes in the costs and availability of raw materials; economic, social, political and geopolitical instability, military conflict, currency fluctuation, and other risks of doing business outside of the United States; inflationary pressures and changes in the cost or availability of materials, supply chain shortages and disruptions, the availability of labor and labor disruptions along the supply chain; our dependence on certain major customers, some of whom are not parties to long-term agreements (and/or are terminable on short notice); the impact of acquisitions and divestitures, as well as expansion of end markets and product offerings; our ability to hire or retain key personnel; the level of our indebtedness; the restrictions contained in our debt agreements; our ability to obtain financing at favorable rates, if at all, and to refinance existing debt as it matures; our ability to secure, maintain or enforce patents or other appropriate protections for our intellectual property; uncertainty of government policies and actions after recent U.S. elections in respect to global trade, tariffs and international trade agreements; and cyber liability or potential liability for breaches of our or our service providers' information technology systems or business operations disruptions. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in the Company's filings made with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date of this press release and are based on information available to NN at the time those statements are made and/or management's good faith belief as of that time with respect to future events. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements.* 

*With respect to any non-GAAP financial measures included in the following document, the accompanying information required by SEC Regulation G can be found in the back of this document or in the "Investors" section of the Company's web site, www.nninc.com, under the heading "News & Events" and subheading "Presentations."* 

**Investor & Media Contacts:** 

Joe Caminiti or Stephen Poe

NNBR@alpha-ir.com

312-445-2870

*Financial Tables Follow*

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**NN, Inc.**

**Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)** 

**(Unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended <br>September 30,** | **Three Months Ended <br>September 30,** | **Nine Months Ended <br>September 30,** | **Nine Months Ended <br>September 30,** |
| ***(in thousands, except per share data)*** | **2025** | **2024** | **2025** | **2024** |
| Net sales | $103882 | $113587 | $317492 | $357777 |
| Cost of sales (exclusive of depreciation and amortization shown separately below) | 86410 | 97131 | 267755 | 299474 |
| Selling, general, and administrative expense | 11059 | 10257 | 34325 | 37116 |
| Depreciation and amortization | 9064 | 10844 | 26756 | 35152 |
| Other operating income, net | (404) | (895) | (2843) | (3285) |
| **Loss from operations** | (2247) | (3750) | (8501) | (10680) |
| Interest expense | 5666 | 5404 | 16517 | 16643 |
| Loss on extinguishment of debt |  |  | 3007 |  |
| Other income, net | (70) | (5315) | (2858) | (4623) |
| Loss before provision for income taxes and share of net income from joint venture | (7843) | (3839) | (25167) | (22700) |
| Provision for income taxes | (815) | (903) | (2898) | (1194) |
| Share of net income from joint venture | 1979 | 2185 | 6599 | 6597 |
| **Net loss** | $(6679) | $(2557) | $(21466) | $(17297) |
| Other comprehensive income (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency transaction gain (loss) | 806 | 3970 | 8385 | (1763) |
| &nbsp;&nbsp;&nbsp;&nbsp;Reclassification adjustments from the interest rate swap included in net loss, net of tax |  | (109) |  | (1007) |
| Other comprehensive income (loss) | $806 | $3861 | $8385 | $(2770) |
| **Comprehensive income (loss)** | $(5873) | $1304 | $(13081) | $(20067) |
| Basic and diluted net loss per share | $(0.23) | $(0.13) | $(0.72) | $(0.59) |
| Shares used to calculate basic and diluted net loss per share | 49605 | 48997 | 49373 | 48522 |

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**NN, Inc.**

**Condensed Consolidated Balance Sheets**

**(Unaudited)** 

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| | | |
|:---|:---|:---|
| ***(in thousands, except per share data)*** | **September 30,<br>2025** | **December 31,<br>2024** |
| **Assets** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $12215 | $18128 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 63037 | 61549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 63486 | 61877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax receivable | 13152 | 12634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid assets | 3938 | 2855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 14111 | 10519 |
| Total current assets | 169939 | 167562 |
| Property, plant and equipment, net | 161887 | 162034 |
| Operating lease right-of-use assets | 36197 | 39317 |
| Intangible assets, net | 34194 | 44410 |
| Investment in joint venture | 39485 | 34971 |
| Deferred tax assets | 1329 | 1329 |
| Other non-current assets | 7931 | 7270 |
| Total assets | $450962 | $456893 |
| **Liabilities, Preferred Stock, and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $46728 | $38879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued salaries, wages and benefits | 14797 | 19915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax payable | 449 | 659 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current maturities of long-term debt | 5487 | 5039 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current portion of operating lease liabilities | 6158 | 6038 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 17292 | 13382 |
| Total current liabilities | 90911 | 83912 |
| Deferred tax liabilities | 4407 | 4969 |
| Long-term debt, net of current maturities | 149376 | 143591 |
| Operating lease liabilities, net of current portion | 38380 | 42291 |
| Other non-current liabilities | 10969 | 14111 |
| Total liabilities | 294043 | 288874 |
| Commitments and contingencies |  |  |
| Series D perpetual preferred stock | 107350 | 93497 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock | 502 | 499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 443936 | 455811 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (355087) | (333621) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (39782) | (48167) |
| Total stockholders' equity | 49569 | 74522 |
| Total liabilities, preferred stock, and stockholders' equity | $450962 | $456893 |

---

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**NN, Inc.**

**Condensed Consolidated Statements of Cash Flows** 

**(Unaudited)**

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| | | |
|:---|:---|:---|
| | **Nine Months Ended <br>September 30,** | **Nine Months Ended <br>September 30,** |
| ***(in thousands)*** | **2025** | **2024** |
| **Cash flows from operating activities** |  |  |
| Net loss | $(21466) | $(17297) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 26756 | 35152 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt issuance costs and discount | 1255 | 1718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paid-in-kind interest | 2148 | 2064 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment of debt | 3007 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total derivative loss (gain), net of cash settlements | (2109) | 582 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share of net income from joint venture, net of cash dividends received | (3551) | (6597) |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of business |  | (7154) |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation expense | 2377 | 2347 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (481) | (477) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (363) | (658) |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 506 | (3957) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 533 | (1916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating assets | (3171) | (2873) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes receivable and payable, net | (690) | (1078) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 7629 | 1794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating liabilities | (5256) | 2739 |
| Net cash provided by operating activities | 7124 | 4389 |
| **Cash flows from investing activities** |  |  |
| Acquisition of property, plant and equipment | (11058) | (15352) |
| Proceeds from sale of property, plant, and equipment | 1837 | 266 |
| Net cash provided by (used in) investing activities | (9221) | 1914 |
| **Cash flows from financing activities** |  |  |
| Proceeds from asset backed credit facilities | 37000 | 38000 |
| Repayments of asset backed credit facilities | (42400) | (38000) |
| Proceeds from term loans and other long-term debt | 119234 |  |
| Repayments of term loans and other long-term debt | (116583) | (37320) |
| Cash paid for debt issuance costs | (3553) | (746) |
| Proceeds from sale-leaseback of equipment | 989 | 8324 |
| Proceeds from sale-leaseback of land and buildings | 4300 | 16863 |
| Repayments of financing obligations | (913) | (492) |
| Other | (3351) | (2262) |
| Net cash used in financing activities | (5277) | (15633) |
| Effect of exchange rate changes on cash flows | 1461 | (124) |
| Net change in cash and cash equivalents | (5913) | (9454) |
| Cash and cash equivalents at beginning of year | 18128 | 21903 |
| Cash and cash equivalents at end of quarter | $12215 | $12449 |

---

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**Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br>September 30,** | **Three Months Ended <br>September 30,** |
| ***(in thousands)*** | **2025** | **2024** |
| Net sales | $103882 | $113587 |
| Cost of sales (exclusive of depreciation and amortization) | 86410 | 97131 |
| GAAP gross profit | 17472 | 16456 |
| Personnel costs (1) | 1294 | 465 |
| Facility costs (2) |  | 866 |
| Other | 772 | 778 |
| Adjusted gross profit (a) | $19538 | $18565 |
| Adjusted gross margin (3) | 18.8% | 16.3% |

---

---

| |
|:---|
| (1) Personnel costs include recruitment, retention, relocation, and severance costs |
| (2) Facility costs include costs of opening / closing facilities and relocation / exit of manufacturing operations |
| (3) Non-GAAP adjusted gross margin = Non-GAAP adjusted gross profit / GAAP net sales |

---

------

**Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| ***(in thousands)*** | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| **NN, Inc. Consolidated** | **2025** | **2024** |
| GAAP loss from operations | $(2247) | $(3750) |
| Professional fees | 155 | 22 |
| Personnel costs (1) | 2075 | 734 |
| Facility costs (2) | 661 | 874 |
| Amortization of intangibles | 3405 | 3405 |
| Non-GAAP adjusted income from operations (b) | $4049 | $1285 |
| Non-GAAP adjusted operating margin (3) | 3.9% | 1.1% |
| GAAP net sales | $103882 | $113587 |

---

---

| | | |
|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| ***(in thousands)*** | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| Power Solutions | **2025** | **2024** |
| GAAP income from operations | $5432 | $2505 |
| Personnel costs (1) | 110 | 113 |
| Facility costs (2) |  | 16 |
| Amortization of intangibles | 2567 | 2567 |
| Non-GAAP adjusted income from operations (b) | $8109 | $5201 |
| Non-GAAP adjusted operating margin (3) | 18.0% | 12.1% |
| GAAP net sales | $44948 | $42935 |

---

---

| | | |
|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| ***(in thousands)*** | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| **Mobile Solutions** | **2025** | **2024** |
| GAAP loss from operations | $(2854) | $(1441) |
| Personnel costs (1) | 1681 | 598 |
| Facility costs (2) | 661 | 858 |
| Amortization of intangibles | 838 | 838 |
| Non-GAAP adjusted income from operations (b) | $326 | $853 |
| Share of net income from joint venture | 1979 | 2185 |
| Non-GAAP adjusted income from operations with JV (b) | $2305 | $3038 |
| Non-GAAP adjusted operating margin (3) | 3.9% | 4.3% |
| GAAP net sales | $59117 | $70678 |

---

---

| | | |
|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| ***(in thousands)*** | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| Elimination | **2025** | **2024** |
| GAAP net sales | $(182) | $(26) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Personnel costs include recruitment, retention, relocation, and severance costs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Facility costs include costs of opening / closing facilities and relocation / exit of manufacturing operations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Non-GAAP adjusted operating margin = Non-GAAP adjusted income (loss) from operations / GAAP net sales

------

**Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| ***(in thousands)*** | **2025** | **2024** |
| GAAP net loss | $(6679) | $(2557) |
| Provision for income taxes | 815 | 903 |
| Interest expense | 5666 | 5404 |
| Change in fair value of preferred stock derivatives and warrants | (72) | 1858 |
| Gain on sale of business |  | (7154) |
| Depreciation and amortization | 9064 | 10844 |
| Professional fees | 155 | 22 |
| Personnel costs (1) | 2075 | 734 |
| Facility costs (2) | 661 | 874 |
| Non-cash stock compensation | 736 | 812 |
| Non-cash foreign exchange loss on inter-company loans | (56) | (164) |
| Non-GAAP adjusted EBITDA (c) | $12365 | $11576 |
| Non-GAAP adjusted EBITDA margin (3) | 11.9% | 10.2% |
| GAAP net sales | $103882 | $113587 |

---

---

| |
|:---|
| (1) Personnel costs include recruitment, retention, relocation, and severance costs |
| (2) Facility costs include costs of opening / closing facilities and relocation / exit of manufacturing operations |
| (3) Non-GAAP adjusted EBITDA margin = Non-GAAP adjusted EBITDA / GAAP net sales |

---

------

**Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income and GAAP Net Income (Loss) per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
| ***(in thousands)*** | **2025** | **2024** |
| GAAP net loss | $(6679) | $(2557) |
| Pre-tax professional fees | 155 | 22 |
| Pre-tax personnel costs | 2075 | 734 |
| Pre-tax facility costs | 661 | 874 |
| Pre-tax foreign exchange (gain) loss on inter-company loans | (56) | (164) |
| Pre-tax change in fair value of preferred stock derivatives and warrants | (72) | 1858 |
| Pre-tax change in gain on sale of business |  | (7154) |
| Pre-tax amortization of intangibles and deferred financing costs | 3637 | 4018 |
| Tax effect of adjustments reflected above (d) |  | (113) |
| Non-GAAP adjusted net income (loss) (e) | $(279) | $(2482) |
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| ***(per diluted common share)*** | **2025** | **2024** |
| GAAP net loss per diluted common share | $(0.24) | $(0.13) |
| Pre-tax professional fees |  |  |
| Pre-tax personnel costs | 0.04 | 0.01 |
| Pre-tax facility costs | 0.01 | 0.02 |
| Pre-tax foreign exchange (gain) loss on inter-company loans |  |  |
| Pre-tax change in fair value of preferred stock derivatives and warrants |  | 0.04 |
| Pre-tax change in gain on sale of business |  | (0.15) |
| Pre-tax amortization of intangibles and deferred financing costs | 0.07 | 0.08 |
| Preferred stock cumulative dividends and deemed dividends | 0.10 | 0.08 |
| Non-GAAP adjusted net income (loss) per diluted common share (e) | $(0.01) | $(0.05) |
| Shares used to calculate net earnings (loss) per share | 49605 | 48997 |

---

------

**Reconciliation of Operating Cash Flow to Free Cash Flow**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br>September 30,** | **Three Months Ended <br>September 30,** |
| ***(in thousands)*** | **2025** | **2024** |
| Net cash provided by operating activities | $11125 | $4958 |
| Acquisition of property, plant, and equipment | (3428) | (6300) |
| Proceeds from sale of property, plant, and equipment | 1387 | 29 |
| Proceeds from sale-leaseback of equipment | 43 |  |
| Transaction costs incurred from sale of business |  | 1566 |
| Free cash flow | $9127 | $253 |

---

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*The Company discloses in this presentation the non-GAAP financial measures of adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted common share, and free cash flow. Each of these non-GAAP financial measures provides supplementary information about the impacts of acquisition, divestiture and integration related expenses, foreign-exchange impacts on inter-company loans, reorganizational and impairment charges. The costs we incur in completing acquisitions, including the amortization of intangibles and deferred financing costs, and divestitures are excluded from these measures because their size and inconsistent frequency are unrelated to our commercial performance during the period, and we believe are not indicative of our ongoing operating costs. We exclude the impact of currency translation from these measures because foreign exchange rates are not under management's control and are subject to volatility. Other non-operating charges are excluded as the charges are not indicative of our ongoing operating cost. We believe the presentation of adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted common share, and free cash flow provides useful information in assessing our underlying business trends and facilitates comparison of our long-term performance over given periods.*

*The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to actual income growth derived from income amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results.*

*(a) Non-GAAP adjusted gross margin represents GAAP gross profit, adjusted to exclude the effects of restructuring and integration expense and non-operational charges related to acquisition and transition expense. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted gross margin is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP gross margin.*

*(b) Non-GAAP adjusted income (loss) from operations represents GAAP income (loss) from operations, adjusted to exclude the effects of restructuring and integration expense; non-operational charges related to acquisition and transition expense, intangible amortization costs for fair value step-up in values related to acquisitions, non-cash impairment charges, and when applicable, our share of income from joint venture operations. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted income (loss) from operations is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from operations.*

*(c) Non-GAAP adjusted EBITDA represents GAAP net income (loss), adjusted to include income taxes, interest expense, write-off of unamortized debt issuance costs, interest rate swap payments and change in fair value that was recognized in earnings, change in fair value of preferred stock derivatives and warrants, depreciation and amortization, charges related to acquisition and transition costs, non-cash stock compensation expense, foreign exchange gain (loss) on inter-company loans, restructuring and integration expense, costs related to divested businesses and litigation settlements, income from discontinued operations, and non-cash impairment charges, to the extent applicable. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from continuing operations.*

*(d) This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the respective table. NN, Inc. estimates the tax effect of the adjustment items identified in the reconciliation schedule above by applying the applicable statutory rates by tax jurisdiction unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment.*

*(e) Non-GAAP adjusted net income (loss) represents GAAP net income (loss) adjusted to exclude the tax-affected effects of charges related to acquisition and transition costs, foreign exchange gain (loss) on inter-company loans, restructuring and integration charges, amortization of intangibles costs for fair value step-up in values related to acquisitions and amortization of deferred financing costs, non-cash impairment charges, write-off of unamortized debt issuance costs, interest rate swap payments and change in fair value, change in fair value of preferred stock derivatives and warrants, costs related to divested businesses and litigation settlements, income (loss) from discontinued operations, and preferred stock cumulative dividends and deemed dividends. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry.*

## Exhibit 99.2

![](q3earningspresentationnn001.jpg)

Q3 2025 EARNINGS PRESENTATION Transforming Precision and Powering the Next Generation of Innovation

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![](q3earningspresentationnn002.jpg)

This presentation contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the full year of fiscal 2025, the impact of, and our ability to execute, our corporate strategies and business initiatives and the potential impact tariffs, high interest rates, high metal costs and additional economic uncertainties may have on our financial statements and results of operations. Forward-looking statements generally will be accompanied by words such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "growth," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project", "trajectory" or other similar words, phrases or expressions. Forward-looking statements involve a number of risks and uncertainties that are outside of management's control and that may cause actual results to be materially different from such statements. Such factors include, among others, general economic conditions and economic conditions in the industrial sector; the potential impacts of tariffs on the U.S. economy, the economy of other countries in which we conduct operations and our industry, as well as the potential implications and ramifications of tariffs on our business and the local and global supply chains supporting the same, and our ability to mitigate any adverse impacts of such; competitive influences; risks that current customers will commence or increase captive production; risks of capacity underutilization; quality issues; material changes in the costs and availability of raw materials; economic, social, political and geopolitical instability, military conflict, currency fluctuation, and other risks of doing business outside of the United States; inflationary pressures and changes in the cost or availability of materials, supply chain shortages and disruptions, the availability of labor and labor disruptions along the supply chain; our dependence on certain major customers, some of whom are not parties to long-term agreements (and/or are terminable on short notice); the impact of acquisitions and divestitures, as well as expansion of end markets and product offerings; our ability to hire or retain key personnel; the level of our indebtedness; the restrictions contained in our debt agreements; our ability to obtain financing at favorable rates, if at all, and to refinance existing debt as it matures; our ability to secure, maintain or enforce patents or other appropriate protections for our intellectual property; uncertainty of government policies and actions after recent U.S. elections in respect to global trade, tariffs and international trade agreements; and cyber liability or potential liability for breaches of our or our service providers' information technology systems or business operations disruptions. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in NN, Inc.'s (the "Company") filings made with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date of this presentation and are based on information available to the Company at the time those statements are made and/or management's good faith belief as of that time with respect to future events. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements. In this presentation, we use the following non-GAAP measures: adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow. See the Appendix to this presentation for definitions of each non-GAAP measure and reconciliations to the most comparable GAAP measure. FORWARD LOOKING STATEMENTS 2

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![](q3earningspresentationnn003.jpg)

Strategic Value Enhancement Q3 2025 Highlights New Business Momentum Key wins in defense, medical; expanded team with industry hires Portfolio Management Completing Phase 1 in creating scalable core business; preparing to expand via M&A Preferred Equity Refinancing Initiated discussions to refinance preferred equity; create new capital structure for sustained M&A program and common equity value accretion Strategic M&A Program Underway Evaluating multiple acquisition targets to scale and accelerate growth Strong Free Cash Flow Generation Stronger adjusted operating earnings & consistent improvements in working capital management 3

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![](q3earningspresentationnn004.jpg)

4 Q3 2025 Key Metrics Net Sales: $103.9M Adjusted EBITDA: $12.4M; 11.9% Margin • (+) Power Solutions growth, new launches • (-) Mobile Solutions rationalization, auto production conservatism / uncertainty • 7.9% growth Y/Y growth on lower sales • Margins +170bps, on track for 13-14% 01 02 04 06 03 Adjusted Gross Margin: 18.8% • Operating performance & portfolio shift • Margins +350bps vs. Q1'25 05 Adjusted Operating Income: $4.0M New Business Wins: $11.3M • Results up 3x vs. Q3'24 • 3.9% of net sales, continues strong trend • Foundational wins in defense & medical • 2026 positioned for growth Free Cash Flow: $9.1M • Working capital program performing • $20.9M improvement over last 2+ years • Does not include CARES Act proceeds Softness in North American automotive production has created the opportunity for consolidation of the final high-cost, unprofitable plant in NN's 5-year plan

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![](q3earningspresentationnn005.jpg)

5 Update Primary Markets Primary End Market Outlook NN's Outlook vs. MarketMarket Indicators~% of NN RevenueEnd Market NN auto parts business is soft year-over- year. China continues to be strong, NN is in good position to benefit and is securing many new China wins. OEs keeping supply chains tight 2025 global light vehicle production is flat but with moving parts - and down in NA Stellantis production down 10+%, Tesla down 10+%, GM down 5+%, Ford impacted by fire North American passenger vehicle production stressed but showing signs of improvement Global rebalancing between BEV, hybrid, ICE, next generation emissions, incentive declines 40%Auto Passenger Vehicle Balanced with conservative supply chain behavior, new business focus area to drive faster pace future growth NA electrical market has modest growth - soft residential construction, strong data centers Impacted by affordability issues, modest rebound forecasted for 202620%Electric Grid and Electric Distribution Defense customers and electronics customers growing strongly in 2025 YOY US defense budget is record high in 2025, focused on modernization and next generation advancements, forecast of continued growth to $477 billion by 2033 AI, drones, missiles, software, guidance, precision 15%Defense and Electronic Systems Balanced with conservative supply chain behavior, new business focus area to drive faster pace future growth Negative first quarter, but GDP rebounding due to consumer spending Modest full year outlook of 1.5 to 2.0% 10%US GDP-Linked Business NN expecting further NA weakness as OEMs signal production cuts Offset by NN's commercial vehicle positions in China and India North American truck building is in a 3-year freight recession, a grinding downturn versus a sharp crash, expected to continue into 1H 2026, pandemic freight hauling overcapacity is leaving the industry, a full recovery is not yet apparent US EPA announced proposals to stop commercial truck greenhouse gas reduction edicts 10%Commercial Vehicle NN reentry into this market with an outsized sustained effort. Funding an investment program US medical parts market is growing with medical device market at $200 billion in 2025 Focus on advanced and minimally invasive procedures, AI, connected devices5%Medical Equipment and Surgical Tools Note: NN Revenue percentages are management estimates as of October 2025

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![](q3earningspresentationnn006.jpg)

ΔQ3'25Q3'24($millions) (8.5%)$103.9$113.6Net Sales +207.7%$4.0$1.3 Adj. Operating Income +6.9%$12.4$11.6Adj. EBITDA +170 bps11.9%10.2% Adj. EBITDA Margin % NN Q3 2025 – Financial Results Summary Adjusted EBITDA increased on less sales, winning new business 6 $11.6 $12.4 Adjusted EBITDA & Margin (%) Q3'24 Q3'25 $113.6 $103.9 Net Sales Q3'24 Q3'25 11.9%10.2% ($ millions) ΔFX Rationalized Volume ($4.9)$0.7($5.6) $0.7-$0.7 ΔQ3'25Q3'24 (4.4%)$103.9$108.7 +100.0%$4.0$2.0 +6.9%$12.4$11.6 +130 bps11.9%10.7% $11.6 $12.4 Pro forma Adjusted EBITDA & Margin (%) Q3'24 Q3'25 $108.7 $103.9 Pro forma Net Sales Q3'24 Q3'25 ($ millions) As Reported Adjustments Pro forma 11.9%10.7%

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![](q3earningspresentationnn007.jpg)

7 Steadily Improving Company Profitability Despite Some Sales Softness 16.3% 17.5% 18.4% 2023 2024 2025 Q3 YTD Long Term Goal Adjusted Gross Margin (%) 20% +210 bps 8.8% 10.4% 11.4% 2023 2024 2025 Q3 YTD Long Term Goal Adjusted EBITDA (%) +260 bps 14% Improvements driven by:  Implementation of cost-conscious culture  Rationalized unprofitable business & plants  Strategic headcount reduction of 20+%  Continuous improvement program  Creating 'OneTeam' across plants versus multiple stand-alone teams 3,259 2,592 407 319 300 400 500 2,000 2,500 3,000 3,500 SG&A & Headcount Reduction All Employees SG&A/Salaried Only Linear (All Employees) Linear (SG&A/Salaried Only) (20%) (22%)

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![](q3earningspresentationnn008.jpg)

Power Solutions / Stamped Products – Financial Results Summary Adjusted EBITDA increased on sales increase, winning new business Net Sales: $44.9M, up $2.0M, or +4.6% (+) Higher precious metal prices, new launches in electrical and defense (-) Volumes, weakness from one electrical stamping customer Adjusted EBITDA: $8.9M, up $2.5M, or +39.1% (+) Sales growth and higher margins (+) Adjusted EBITDA margin 19.9% (+) Strengthening profitability through cost initiatives and improved sales mix New Business: $5.6M of new awards in Q3'25; $15.8M won YTD (+) New wins in stamped and plated products for aerospace & defense markets (+) Investing to expand leadership in electrical markets (+) Aggressive actions taken to address future commercial performance • Hired new sales talent to help accelerate sales growth 8 $6.4 $8.9 2024 2025 Adjusted EBITDA & Margin ($millions) $43.0 $44.9 2024 2025 Pro forma Net Sales ($millions) $42.9 $44.9 2024 2025 Net Sales ($millions) 19.9% 14.9% Note: Comparisons are versus Q3 2024 results; no pro forma impact on adjusted EBITDA

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![](q3earningspresentationnn009.jpg)

$8.8 $6.7 2024 2025 Adjusted EBITDA & Margin ($millions) Net sales of $59.1M, down ($11.6M), or (16.4%) (-) Rationalized underperforming business at plants undergoing consolidation (-) Lower automotive volumes; NN's softness concentrated with one customer (+) New program wins, launches and ramp-ups Adjusted EBITDA of $6.7M, down ($2.1M) (-) Less margin from lower sales at normal drop-through (+) Adjusting cost structure and footprint New Business: $11.3M of new awards (+) Q3 YTD new awards of $34.5M (+) Winning new business for machined parts for medical and defense markets (+) High-quality automotive program wins for next-generation ICE fuel efficiency Have adjusted capex to be in-line with sales rates and program pushouts into early 2026 $70.7 $59.1 2024 2025 Net Sales ($millions) 9Note: Comparisons are versus Q3 2024 results; no pro forma impact on adjusted EBITDA $65.8 $59.1 2024 2025 Pro forma Net Sales ($millions) 11.3%12.4% Mobile Solutions / Machined Products – Financial Results Summary Adjusted EBITDA down on less sales, winning new business

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![](q3earningspresentationnn010.jpg)

Continuous improvement program in place for working capital:  20.8% reduction in working capital dollars, and reduced days of working capital from 79 to 70 days  Current results unfavorably impacted by rising metal basis costs, especially gold and silver  NN still has greater opportunity to release cash historically trapped in China $100.7 $79.8 21.2% 18.8% 17% 20% 23% $65 $75 $85 $95 $105 Q2'23 Q3'25 Operating Working Capital OWC OWC as % of TTM Sales ($millions)  OWC has been reduced $20.9 million since Q2 2023 by new management team  Focused efforts on all 3 main components of AR, AP and inventory despite long some long metal lead times and rising metal basis costs  This OWC performance coupled with higher adjusted EBITDA, is leading to better return on net operating assets $9.1M Free Cash Flow Generation in Q3 2025 Solid Working Capital Performance, Adjusted to Softer Near-Term Sales 10 Note: OWC = AR + Inventory - AP

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![](q3earningspresentationnn011.jpg)

 2025 goal is $60M to $70M of new wins  24% hit rate on closed opportunities  WIN based on unique value and bespoke solutions  LOSE based on pricing / commodity technology  >$750M pipeline pursued by global team of ~40 people  Evaluating several new greenfield areas, especially in wire harnesses and electrical products Prospecting, Winning and Launching New Business $63M $137M $182M $200M 2023 New Business Awards 2024 New Business Awards 2025 Q3 YTD New Business Awards 2023-2025 Automotive New Business Goal $4M $18M $22M $48M $110M 1st Half 2025 2nd Half 2025 Full Year 2025 Value Annual Expected Run- Rate of 2025 Launches Stockpile of Sales Wins + Launches Not Yet in 1st Half 2025 Run-Rate WIN LAUNCH  100+ programs launching in 2025 (current estimate)  >70 programs already scheduled for launch in 2026, some 2025 pushouts also led to some growth capex pushouts  Most opportunities take 12 - 18 months to pursue and win, and another 12 - 18 months to launch  Foundational new wins underway in defense and medical 11

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 NN is progressing from Phase 1 of its transformation and entering Phase 2  Phase 1: Creating a scalable core business that generates cash  Optimizing cost structure resetting commercial gameplans  Phase 2: Scale up and grow aggressively  NN is actively evaluating acquisitions to accelerate growth  Larger transformational merger opportunities  Potentially requires balance sheet work in parallel  Small tuck-in acquisitions  Key important aspects of the M&A program are to gain scale in served markets – people, footprint, procurement - increase supplier importance, increase customer importance, technology advancement, capital avoidance and measured diversification by adding attractive new markets Strategic M&A Program Update 12

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2025 OUTLOOK & GUIDANCE  Guidance reflects near-term supply chain conservatism from top customers, impacting short-term volume outlooks  North American passenger vehicle production outlooks show some signs of improvement going into 2026  Maintaining guidance for adjusted EBITDA, free cash flow, new business wins on slightly lower sales 13 Net Sales of $420 - $440 million • Lower: automotive production conservatism and some program pushouts into 2026 • 2025 softness in automotive and electrical markets is not expected to persist through 2026 Adjusted EBITDA of $53 - $63 million • Reiterating: expecting to deliver towards lower half of the range • Offsetting sales softness with upsized cost reduction New Business Wins of $60 - $70 million Free Cash Flow of $14 - $16 million Guidance reflects macro-driven uncertainty from top customers, impacting near term volumes • Reiterating: Q3'25 performance on track for full year • Pipeline is healthy at >$750M and adding new prospectors in medical and electrical • Reiterating: includes CARES Act tax refund • Higher than expected interest rates being offset with working capital management

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Appendix 14

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15 The Company discloses in this presentation the non-GAAP financial measures of adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow. Each of these non-GAAP financial measures provides supplementary information about the impacts of acquisition, divestiture and integration related expenses, foreign- exchange impacts on inter-company loans, reorganizational and impairment charges. The costs we incur in completing acquisitions, including the amortization of intangibles and deferred financing costs, and divestitures are excluded from these measures because their size and inconsistent frequency are unrelated to our commercial performance during the period, and we believe are not indicative of our ongoing operating costs. We exclude the impact of currency translation from these measures because foreign exchange rates are not under management's control and are subject to volatility. Other non-operating charges are excluded, as the charges are not indicative of our ongoing operating cost. We believe the presentation of adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow provides useful information in assessing our underlying business trends and facilitates comparison of our long-term performance over given periods. The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to actual income growth derived from income amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. (a) Non-GAAP adjusted gross margin represents GAAP gross profit, adjusted to exclude the effects of restructuring and integration expense and non-operational charges related to acquisition and transition expense. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted gross margin is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP gross margin. (b) Non-GAAP adjusted income (loss) from operations represents GAAP income (loss) from operations, adjusted to exclude the effects of restructuring and integration expense; non-operational charges related to acquisition and transition expense, intangible amortization costs for fair value step-up in values related to acquisitions, non-cash impairment charges, and when applicable, our share of income from joint venture operations. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted income (loss) from operations is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from operations. (c) Non-GAAP adjusted EBITDA represents GAAP income (loss) from operations, adjusted to include income taxes, interest expense, write-off of unamortized debt issuance costs, interest rate swap payments and change in fair value, change in fair value of preferred stock derivatives and warrants, depreciation and amortization, charges related to acquisition and transition costs, non-cash stock compensation expense, foreign exchange gain (loss) on inter-company loans, restructuring and integration expense, costs related to divested businesses and litigation settlements, income from discontinued operations, and non-cash impairment charges, to the extent applicable. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from continuing operations. (d) This line item reflects the aggregate tax effect of all non-GAAP adjustments reflected in the respective table. The Company estimates the tax effect of the adjustment items identified in the reconciliation schedule above by applying the applicable statutory rates by tax jurisdiction unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment. (e) Non-GAAP adjusted net income (loss) represents GAAP net income (loss) adjusted to exclude the tax-affected effects of charges related to acquisition and transition costs, foreign exchange gain (loss) on inter-company loans, restructuring and integration charges, amortization of intangibles costs for fair value step-up in values related to acquisitions and amortization of deferred financing costs, non-cash impairment charges, write-off of unamortized debt issuance costs, interest rate swap payments and change in fair value, change in fair value of preferred stock derivatives and warrants, costs related to divested businesses and litigation settlements, income (loss) from discontinued operations, and preferred stock cumulative dividends and deemed dividends. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted income e (loss) from segment operations is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from continuing operations. Non-GAAP Financial Measures Footnotes

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16 Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin

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17 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA

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18 Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income (Loss) and GAAP Net Loss per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share

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19 Reconciliation of Operating Cash Flow to Free Cash Flow

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Thank You 20 Joe Caminiti or Stephen Poe NNBR@alpha-ir.com 312-445-2870 Investor & Media Contacts

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