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NN Inc (NNBR.OQ)

NNBR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

NN Inc Enters Into New Interest Rate Swap, Lowering Rate And Moving To Fixed Rate Debt
Monday, 11 Feb 2019 04:01pm EST 

Feb 11 (Reuters) - NN Inc ::ENTERS INTO NEW INTEREST RATE SWAP, LOWERING RATE AND MOVING TO FIXED RATE DEBT.TRANSACTION WILL ALSO REDUCE NN'S INTEREST RATE BY SIX BASIS POINTS ON $700 MILLION OF ITS OUTSTANDING DEBT..HAS ENTERED INTO A NEW INTEREST RATE SWAP TRANSACTION THAT WILL PROVIDE A FIXED RATE ON $700 MILLION OF ITS SENIOR SECURED DEBT THROUGH END OF 2020.NEW INTEREST RATE SWAP TRANSACTION WILL PROVIDE FIXED RATE ON $700 MILLION OF SENIOR SECURED DEBT THROUGH 2020 END & WILL AMORTIZE DOWN THROUGH OCT. 2022.  Full Article

NN Inc Prices 12.5 Mln Public Offering At $16 Per Share
Thursday, 13 Sep 2018 07:25pm EDT 

Sept 13 (Reuters) - NN Inc ::NN, INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK.SAYS PUBLIC OFFERING OF 12.5 MILLION COMMON SHARES PRICED AT $16.00PER SHARE.  Full Article

NN Inc Announces Public Offering Of 12.5 Mln Common Shares
Monday, 10 Sep 2018 04:02pm EDT 

Sept 10 (Reuters) - NN Inc ::NN, INC. ANNOUNCES PUBLIC OFFERING OF COMMON STOCK.SAYS OFFERING 12.5 MILLION COMMON SHARES.INTENDS TO USE NET PROCEEDS TO REPAY $200 MILLION SECOND LIEN SECURED CREDIT FACILITY INCURRED IN CONNECTION WITH ACQUISITION OF PARAGON MEDICAL.  Full Article

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