NN INC

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 6, 2025

NNBR$3.04-1.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income (Loss)

	Years Ended December 31,
(in thousands, except per share data)	2024	2023	2022
Net sales	$464,290	$489,270	$498,738
Cost of sales (exclusive of depreciation and amortization shown separately below)	394,812	419,175	421,105
Selling, general, and administrative expense	49,481	47,436	49,635
Depreciation and amortization	45,302	46,120	47,231
Other operating expense (income), net	2,243	(1,657)	1,859
Loss from operations	(27,548)	(21,804)	(21,092)
Interest expense	22,095	21,137	15,041
Loss on extinguishment of debt	349	—	—
Other expense (income), net	(4,558)	10,730	(5,064)
Loss before provision for income taxes and share of net income from joint venture	(45,434)	(53,671)	(31,069)
Provision for income taxes	(2,410)	(2,285)	(1,621)
Share of net income from joint venture	9,571	5,806	6,592
Net loss	$(38,273)	$(50,150)	$(26,098)
Other comprehensive loss:
Foreign currency translation gain (loss)	$(9,405)	$1,410	$(8,156)
Interest rate swap:
Change in fair value, net of tax	—	(230)	3,358
Reclassification adjustments included in net loss, net of tax	(1,007)	(1,815)	(420)
Other comprehensive loss	$(10,412)	$(635)	$(5,218)
Comprehensive loss	$(48,685)	$(50,785)	$(31,316)
Basic and diluted net loss per common share	$(1.11)	$(1.35)	$(0.83)
Shares used to calculate basic and diluted net loss per share	48,653	46,738	44,680

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.