NN, INC. REPORTS FIRST QUARTER 2026 RESULTS (Form 8-K)

NN, INC. REPORTS FIRST QUARTER 2026 RESULTS

NN delivers strong growth in first quarter sales, profitability and new wins; results outpaced expectations

NN raises full-year 2026 guidance ranges for net sales, adjusted EBITDA, new wins target

CHARLOTTE, N.C., May 6, 2026 - NN, Inc. (NASDAQ: NNBR) ("NN" or the "Company"), a global diversified industrial company that engineers, co-develops and manufactures high-precision components and assemblies with six sigma quality, today reported results for the first quarter ended March 31, 2026. Key results include (compared with the first quarter 2025):

Q1 2026 Financial Highlights:

•Net sales of $118.5 million, increased $12.8 million, up 12.1%

•Gross profit of $19.4 million, increased $5.4 million, up 38.3%

•Adjusted gross profit of $23.1 million, increased $5.2 million, up 29.2%

•Loss from operations of $2.1 million, improved by $2.7 million, up 57.0%

•Adjusted income from operations of $5.8 million, increased $3.8 million, up 183.5%

•Net loss of $6.8 million or $0.25 per diluted common share

•Adjusted net income of $1.0 million, or $0.02 per diluted common share

•Adjusted EBITDA of $14.1 million, increased $3.5 million, up 33.0%

•Trailing twelve-month adjusted EBITDA of $52.6 million rose to the highest level in approximately five years

Business Highlights

•Raising guidance on full-year net sales, adjusted EBITDA, new business wins (previously announced)

•Improved timing on achievement of long-term targets; now estimating that 2030 targets will be achieved in 2029

•Adjusted gross margin and adjusted EBITDA margin are nearing multi-year goals of 20% and 13%, respectively

•NN is achieving wins and sales growth in the targeted end-markets of Electric Grid & Data Center, Defense & Electronics, and Medical. Strategic mix shift is occurring

•NN expanded its Electric Grid & Data Center product line in Q1 2026 with the introduction of liquid cooling connector components (previously announced) and launched production with several multi-year awards. Forecast is for continued investment and expansion

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Harold Bevis, President and Chief Executive Officer of NN, Inc., said, "NN delivered a strong start to 2026, with first quarter results rising to the high side of expectations across many metrics, including sales growth, adjusted EBITDA, margin rates, and new business wins. Our performance is being strengthened by the success of our strategic growth programs that we have been internally funding. We are also benefitting from the results of our aggressive and ongoing operational improvements. Additionally, our sales growth programs continue to build momentum and increase velocity."

Bevis concluded, "NN's progression into its targeted growth end markets and new products is working well as is our cost leadership blueprint. As a result of our strong first quarter and healthy forecasts for the remainder of the year, we are raising our guidance ranges for net sales, adjusted EBITDA, and new business wins targets. We are excited about our performance and look forward to reporting out on progress as we go along the journey to creating shareholder value."

First Quarter NN Results

Net sales for the first quarter of 2026 were $118.5 million, an increase of 12.1% compared to the first quarter of 2025 net sales of $105.7 million, driven primarily by the contribution of new business launches, higher precious metals pass-through pricing, higher volumes in certain areas and favorable foreign exchange effects.

Loss from operations for the first quarter was $2.1 million compared to a loss from operations of $4.8 million for the same period in 2025. The improvement was due to improved operating performance and improved sales mix. These improvements were partially offset by an increase in selling, general, and administrative costs.

Net loss for the first quarter was $6.8 million compared to net loss of $6.7 million for the same period in 2025. The decline is primarily due to non-cash derivative mark-to market loss recognized during the first quarter of 2026 compared to non-cash derivative mark-to-market gain the first quarter of 2025. The loss is partially offset by improvement in operating performance.

First Quarter 2026 NN Adjusted Results

Adjusted EBITDA was $14.1 million, an increase of 33.0%, compared to the first quarter of 2025 adjusted EBITDA of $10.6 million, driven primarily by improved sales mix and operating performance.

Adjusted income from operations was $5.8 million, an increase of 183.5%, compared to the first quarter of 2025, driven primarily by stronger gross profit, and partially offset by selling, general, and administrative costs.

Adjusted net income was $1.0 million, or $0.02 per diluted common share, an increase of $2.4 million or $0.05 per diluted common share, compared to adjusted net loss of $1.4 million, or ($0.03) per diluted common share, in the first quarter of 2025.

Income from operations for the first quarter was $6.3 million compared to income from operations of $3.0 million for the same period of 2025, an increase of 110%. The increase was primarily due to a better sales mix and solid operating performance.

Adjusted income from operations for the first quarter was $10.0 million compared to adjusted income from operations of $5.5 million for the same period of 2025, an increase of 81.8%. The increase was primarily due to better sales mix and solid operating performance.

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First Quarter Mobile Solutions Results

Net sales for the first quarter of 2026 were $63.1 million compared to $62.2 million in the first quarter of 2025, an increase of 1.4%. This was primarily due to favorable growth in North America, South America and Europe and foreign exchange effects of $2.6 million, partially offset by soft China volumes.

Loss from operations for the first quarter was $2.1 million compared to loss from operations of $2.7 million for the same period in 2025. The improvement was primarily due to improved operating performance partially offset by an increase in selling, general, and administrative costs.

Adjusted income from operations for the first quarter of 2026 was $1.3 million compared to adjusted income from operations of $1.6 million for the same period of 2025. The decrease in adjusted income from operations was primarily due to lower sales volumes.

2026 Outlook

NN is revising its guidance ranges upward in several areas.

•Net sales expected to range between $450 to $470 million, 9% growth over 2025 at midpoint

•Adjusted EBITDA expected to range between $52 and $62 million, 16% growth over 2025 at midpoint

•New business wins are expected to increase to $80 to $90 million, 14% growth over 2025 at midpoint

•Long-term goal attainment is expected to be in 2029, versus 2030, a 1 year acceleration

Chris Bohnert, Senior Vice President and Chief Financial Officer commented, "Given the strength of our first quarter results and solid outlook for the remainder of the year, we are modestly revising our guidance ranges. For fiscal 2026, we are now guiding net sales in the range of $450 million to $470 million and adjusted EBITDA in the range of $52 million to $62 million, reflecting solid growth versus prior year. Our current forecast and guidance is supported by strong results and momentum thus far in 2026. We are forecasting a continuation of this trend and Q2 is off to a good start."

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Conference Call

NN will discuss its results during its quarterly investor conference call on May 7, 2026, 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 800-715-9871 (US) or 646-307-1963 (International). 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 gross profit, adjusted gross margin, adjusted income from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), and adjusted net income (loss) per diluted common share. 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 gross profit, adjusted gross margin, adjusted income from operations, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), and adjusted net income (loss) per diluted common share to the U.S. GAAP financial measures of gross profit, income (loss) from operations, net income (loss), and net income (loss) per diluted common share.

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About NN, Inc.

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.