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NN Inc (NNBR.OQ)

NNBR.OQ on NASDAQ Stock Exchange Global Select Market

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23 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Beecken Petty O'Keefe & Co To Sell PMG Intermediate Holding Corp To NN Inc
Tuesday, 3 Apr 2018 06:30pm EDT 

April 3 (Reuters) - Beecken Petty O'Keefe & Company::BEECKEN PETTY O'KEEFE & COMPANY ANNOUNCES DEFINITIVE AGREEMENT TO SELL PARAGON MEDICAL.BEECKEN PETTY O'KEEFE & CO SAYS HAS ENTERED INTO A DEFINITIVE AGREEMENT TO SELL PMG INTERMEDIATE HOLDING CORPORATION TO NN INC.  Full Article

NN, Inc. Announces Definitive Agreement To Acquire Paragon Medical
Tuesday, 3 Apr 2018 09:00am EDT 

April 3 (Reuters) - NN Inc ::NN, INC. ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE PARAGON MEDICAL.DEAL FOR $375 MILLION IN CASH.AGREEMENT TO ACQUIRE PMG INTERMEDIATE HOLDING CORPORATION, PARENT COMPANY OF PARAGON MEDICAL​.  Full Article

NN Inc Reports Q4 Adjusted Earnings Per Share $0.30
Thursday, 8 Mar 2018 06:48am EST 

March 8 (Reuters) - Nn Inc ::NN, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.30.NET SALES FOR Q4 OF 2017 INCREASED $14.5 MILLION, OR 10%, TO $156 MILLION.Q4 EARNINGS PER SHARE VIEW $0.30, REVENUE VIEW $153.8 MILLION -- THOMSON REUTERS I/B/E/S.INCOME (LOSS) FROM CONTINUING OPERATIONS IN 2017 WAS FAVORABLY IMPACTED BY $52.3 MILLION OF TAX BENEFIT DUE TO U.S. TAX REFORM.  Full Article

Nn Inc. Announces New Organizational Structure
Tuesday, 2 Jan 2018 09:30am EST 

Jan 2 (Reuters) - Nn Inc ::NN, INC. ANNOUNCES NEW ORGANIZATIONAL STRUCTURE TO BEST CAPTURE OPPORTUNITIES AND DRIVE GROWTH.NN INC - PLANS TO IMPLEMENT A NEW ENTERPRISE AND MANAGEMENT STRUCTURE.NN INC - UNDER NEW STRUCTURE, BUSINESSES WILL BE ORGANIZED INTO 3 DIVISIONS, KNOWN AS MOBILE SOLUTIONS, POWER SOLUTIONS AND LIFE SCIENCES.NN INC - WILL BEGIN FINANCIAL REPORTING UNDER NEW STRUCTURE WITH Q1 2018 RESULTS.NN - ‍AS PART OF NEW STRUCTURE, JOHN MANZI, SENIOR VP, GENERAL MANAGER, PRECISION ENGINEERED PRODUCTS GROUP, ANNOUNCED DECISION TO LEAVE CO IN JAN​.  Full Article

NN Inc reports Q3 GAAP income from operations $6.3 mln vs $13 mln
Wednesday, 1 Nov 2017 08:02pm EDT 

Nov 1 (Reuters) - NN Inc :NN, inc. Reports third quarter 2017 results.Q3 sales $148.2 million versus i/b/e/s view $150.4 million.NN Inc says ‍on a gaap basis, income from operations for q3 of 2017 was $6.3 million, compared to $13.0 million for same period in 2016​.NN Inc says ‍adjusted income from operations for q3 of 2017 was $15.4 million, compared to $19.9 million for same period in 2016.​.  Full Article

NN Inc files for non-timely 10-Q - SEC filing‍​
Thursday, 10 Aug 2017 06:11am EDT 

Aug 10 (Reuters) - NN Inc ::Files for non-timely 10-q - sec filing‍​.Says it has identified a required revision in its previously issued 2014, 2015 and 2016 annual financial statements.Nn inc - also identified a required revision to its march 31, 2017 interim financial statements related to translation of its investment in joint venture.Nn inc 0- management has determined that required revision is not material to the previously issued annual and interim financial statements.Nn inc - revision will be addressed by revising previously issued annual and interim financial statements included within june 30, 2017 quarterly report on form 10-q and future filings.Nn inc - needs additional time to reflect impact of revision and to determine necessary disclosures to be included in 10-q for period ended June 30, 2017.  Full Article

NN Inc Q2 GAAP loss per share $0.78
Wednesday, 2 Aug 2017 04:19pm EDT 

Aug 2 (Reuters) - NN Inc :NN, Inc. reports second quarter 2017 results.Q2 adjusted earnings per share $0.51.Q2 GAAP loss per share $0.78.Q2 sales $225.9 million versus I/B/E/S view $220.8 million.Q2 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.  Full Article

NN Inc says Nakashima to pay co termination fee of $18.8 million if deal not completed under certain circumstances
Monday, 10 Jul 2017 07:42am EDT 

July 10 (Reuters) - NN Inc ::Says Nakashima to pay co termination fee of $15 million if deal not completed by termination date, regulatory approvals not obtained.Says Tsubaki Nakashima co obtained about $360 million in committed debt financing to fund purchase price payable to co - SEC filing.Says Nakashima to pay co termination fee of $18.8 million if deal not completed by termination date, Nakashima unable to obtain funding of financing.  Full Article

NN Inc to sell precision bearing components group to Tsubaki Nakashima
Monday, 10 Jul 2017 07:00am EDT 

July 10 (Reuters) - NN Inc :NN Inc announces agreement to sell precision bearing components group to Tsubaki Nakashima.Deal for for $375 million in cash..Beginning in Q3 of 2017, PBC results will be classified as discontinued operations in NN's financial reporting.NN reaffirms its Q2 2017 guidance..Has entered into a definitive agreement to sell its precision bearing components group to Tsubaki Nakashima Co Ltd.Q2 earnings per share view $0.48, revenue view $220.8 million -- Thomson Reuters I/B/E/S.  Full Article

Tsubaki Nakashima to acquire precision bearing components business for $375 mln
Monday, 10 Jul 2017 04:01am EDT 

July 10(Reuters) - Tsubaki Nakashima Co Ltd <6464.T>:Says it plans to acquire precision bearing components business for $375 million (about 42.5 billion yen ) from NN, INC. <<>> group companies.  Full Article

BRIEF-Beecken Petty O'Keefe & Co To Sell PMG Intermediate Holding Corp To NN Inc

* BEECKEN PETTY O'KEEFE & COMPANY ANNOUNCES DEFINITIVE AGREEMENT TO SELL PARAGON MEDICAL