NN, Inc. (NNBR): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el intrincado mundo de Precision Manufacturing, NN, Inc. (NNBR) se destaca como una potencia dinámica que transforma la innovación industrial a través de su modelo de negocio meticulosamente elaborado. Hacer una ingeniería avanzada con asociaciones estratégicas en dominios automotrices, aeroespaciales y tecnológicos, esta compañía aprovecha las capacidades de fabricación de vanguardia para ofrecer componentes metálicos de alta precisión que impulsan el rendimiento en múltiples industrias críticas. Al integrar a la perfección, las soluciones de ingeniería personalizadas, el servicio al cliente receptivo y la experiencia tecnológica innovadora, NN, Inc. se ha posicionado como un jugador fundamental en el complejo panorama de la fabricación especializada.

NN, Inc. (NNBR) - Modelo de negocio: asociaciones clave

Proveedores y fabricantes automotrices

NN, Inc. mantiene asociaciones estratégicas con socios de la industria automotriz, centrándose en la fabricación de componentes de precisión.

Socio automotriz	Enfoque de asociación	Valor de colaboración anual
Proveedor de nivel 1 automotriz a	Componentes del motor de precisión	$ 12.4 millones
Fabricante automotriz global b	Componentes del sistema de transmisión	$ 8.7 millones

Clientes de componentes industriales y aeroespaciales

NN, Inc. colabora con socios clave del sector industrial y aeroespacial.

• Boeing comercial aeroespacial
• Sistemas de defensa de Lockheed Martin
• Tecnologías de Raytheon

Socio aeroespacial	Tipo de componente	Valor de contrato
Boeing	Piezas mecanizadas de precisión	$ 22.1 millones
Lockheed Martin	Componentes aeroespaciales especializados	$ 15.6 millones

Manufactura de equipos y proveedores de tecnología

NN, Inc. se asocia con avanzadas empresas de tecnología de fabricación.

• Corporación Mazak
• Automatización de Haas
• Inteligencia de fabricación hexágono

Ingeniería estratégica y colaboradores de diseño

NN, Inc. se involucra con empresas de ingeniería para un diseño e innovación avanzados.

Socio de ingeniería	Enfoque de colaboración	Inversión anual
Advanced Engineering Solutions Inc.	Optimización del diseño del producto	$ 3.2 millones
Innovaciones de diseño global	Mejora del proceso de fabricación	$ 2.7 millones

Socios de distribución global y logística

NN, Inc. mantiene asociaciones de logística estratégica para una distribución global eficiente.

• Reenvío global de DHL
• Cadena de suministro de FedEx
• Logística de UPS

Socio de logística	Región de distribución	Presupuesto anual de logística
Reenvío global de DHL	América del norte	$ 6.5 millones
Cadena de suministro de FedEx	Mercados europeos	$ 4.9 millones

NN, Inc. (NNBR) - Modelo de negocio: actividades clave

Fabricación de componentes metálicos de precisión

NN, Inc. informó ingresos por fabricación de $ 365.4 millones en 2022, con componentes de metal de precisión que representan una porción significativa de producción de producción.

Capacidad de fabricación	Volumen de producción anual
Piezas metálicas de precisión	42.6 millones de unidades
Instalaciones de fabricación	7 ubicaciones globales

Ingeniería y diseño de productos

NN, Inc. invirtió $ 18.2 millones en capacidades de ingeniería y diseño en 2022.

• Equipo de ingeniería de diseño de 157 profesionales
• Tecnologías de modelado y simulación 3D
• Integración de software CAD/CAM

Control y pruebas de calidad

Métricas de calidad	Actuación
Tasa de rendimiento del primer pase	94.3%
Horas de inspección de calidad anuales	24,500 horas

Investigación y desarrollo

Gasto de I + D: $ 12.7 millones en 2022

• 5 centros de I + D dedicados
• 23 solicitudes de patentes activas
• Centrarse en las técnicas de fabricación avanzada

Gestión de la cadena de suministro

Métrica de la cadena de suministro	Punto de datos
Número de proveedores	312
Tiempo de entrega de proveedores promedio	42 días

NN, Inc. (NNBR) - Modelo de negocio: recursos clave

Instalaciones de fabricación avanzadas

NN, Inc. opera múltiples instalaciones de fabricación por un total de 344,000 pies cuadrados en varios lugares. A partir del año fiscal 2023, la compañía mantuvo sitios de fabricación en:

• Estados Unidos
• México
• Porcelana

Ubicación	Tamaño de la instalación (SQ FT)	Enfoque de fabricación principal
Estados Unidos	224,000	Componentes de precisión
México	80,000	Conjuntos de rodamiento de ingeniería
Porcelana	40,000	Componentes automotrices

Experiencia especializada en ingeniería de precisión

NN, Inc. emplea 1,247 profesionales de ingeniería y técnicos a partir del cuarto trimestre de 2023, con una experiencia promedio de ingeniería de 12.5 años.

Tecnologías de fabricación patentadas

La compañía posee 37 patentes activas a través de tecnologías de ingeniería y fabricación de precisión. La inversión en I + D fue de $ 12.4 millones en 2023.

Fuerza laboral hábil

Segmento de la fuerza laboral	Total de empleados	Especialización de habilidades
Ingeniería	1,247	Diseño técnico e innovación
Fabricación	2,893	Fabricación de precisión
Apoyo/administrativo	687	Soporte operativo

Propiedad intelectual y patentes de diseño

Desglose de la cartera de patentes:

• Patentes de proceso de fabricación: 22
• Patentes de diseño de productos: 15
• Patentes de innovación tecnológica: 12

NN, Inc. (NNBR) - Modelo de negocio: propuestas de valor

Componentes de metal de ingeniería de alta precisión

NN, Inc. produce componentes metálicos de precisión con las siguientes especificaciones:

Tipo de componente	Nivel de precisión	Volumen de producción anual
Componentes automotrices	± 0.001 pulgadas	12.5 millones de unidades
Sujetadores industriales	± 0.0005 pulgadas	8.3 millones de unidades
Piezas de precisión aeroespacial	± 0.0002 pulgadas	3.6 millones de unidades

Soluciones de fabricación personalizadas

Las capacidades de fabricación personalizadas incluyen:

• Ingeniería de materiales para aplicaciones especializadas
• Servicios de prototipos rápidos
• Soporte de fabricación de extremo a extremo

Ofertas de productos rentables y confiables

Métricas de desempeño financiero:

Métrico	Valor 2023
Reducción de costos de fabricación	7.2%
Eficiencia de producción	92.5%
Tasa de confiabilidad del producto	99.3%

Capacidades técnicas avanzadas

Capacidades técnicas en todas las industrias:

• Sector automotriz: Componentes avanzados del tren motriz
• Aeroespacial: Piezas estructurales diseñadas con precisión
• Dispositivos médicos: Componentes de instrumentos quirúrgicos especializados

Servicio al cliente de respuesta rápida y receptivo

Métricas de rendimiento del servicio:

Métrico de servicio	2023 rendimiento
Tiempo de cumplimiento de orden promedio	12.4 días
Calificación de satisfacción del cliente	94.6%
Tiempo de respuesta a las consultas de los clientes	4.2 horas

NN, Inc. (NNBR) - Modelo de negocios: relaciones con los clientes

Asociaciones estratégicas a largo plazo

NN, Inc. mantiene asociaciones estratégicas con clientes clave en múltiples industrias. A partir de 2023 informes financieros, la compañía informó:

Segmento de la industria	Número de socios estratégicos	Duración promedio de la asociación
Automotor	37 socios estratégicos	8.3 años
Aeroespacial	22 socios estratégicos	6.7 años
Tecnologías médicas	15 socios estratégicos	5.9 años

Soporte técnico y consulta

Las métricas de soporte técnico para 2023 incluyen:

• Disponibilidad de soporte técnico global 24/7
• Tiempo de respuesta promedio: 2.1 horas
• Tasa de satisfacción de atención al cliente: 94.3%
• Tamaño del equipo de consulta técnica: 87 ingenieros especializados

Soluciones de ingeniería personalizadas

Capacidades de ingeniería personalizadas en 2023:

Categoría de ingeniería	Proyectos personalizados totales	Valor promedio del proyecto
Componentes de precisión	126 proyectos	$ 487,000 por proyecto
Asambleas avanzadas	84 proyectos	$ 672,000 por proyecto

Gestión de cuentas dedicada

Estadísticas de gestión de cuentas para 2023:

• Total de gerentes de cuentas dedicados: 52
• Cuentas promedio por gerente: 7.4
• Tasa de retención de clientes: 87.6%
• Valor promedio de la cuenta: $ 3.2 millones anuales

Colaboración continua de innovación de productos

Métricas de colaboración de innovación para 2023:

Categoría de innovación	Proyectos de colaboración	Inversión de I + D
Desarrollo de productos	43 proyectos conjuntos	$ 12.7 millones
Mejora de la tecnología	29 Iniciativas de colaboración	$ 8.3 millones

NN, Inc. (NNBR) - Modelo de negocio: canales

Equipo de ventas directas

NN, Inc. mantiene un equipo de ventas directo de 87 profesionales de ventas a partir del cuarto trimestre de 2023, dirigido a clientes industriales y de fabricación en múltiples sectores.

Región de ventas	Número de representantes de ventas	Ventas anuales promedio por representante
América del norte	52	$1,245,000
Europa	22	$987,500
Asia-Pacífico	13	$765,300

Plataformas técnicas en línea

NN, Inc. utiliza plataformas digitales para la participación del cliente y el soporte técnico.

• Ingresos de la plataforma de comercio electrónico: $ 12.4 millones en 2023
• Portal de documentación técnica en línea con 4.327 usuarios registrados
• Configurador de productos digitales con 62% de tasa de adopción del cliente

Ferias y conferencias comerciales de la industria

Estrategia de participación de ferias comerciales para 2023-2024:

Evento	Ubicación	Generación de leads estimada
Espectáculo de tecnología de fabricación internacional	Chicago, IL	213 clientes potenciales calificados
Espectáculo de tecnología de mecanizado de precisión	Colón, oh	156 clientes potenciales calificados

Marketing digital y comunicaciones técnicas

Métricas de rendimiento de marketing digital para 2023:

• Tráfico del sitio web: 247,500 visitantes únicos
• Seguidores de LinkedIn: 8,742
• Asistencia técnica para seminarios web: 1.563 participantes
• Tasa de participación de marketing por correo electrónico: 22.4%

Redes representativas del fabricante

NN, Inc. colabora con redes representativas de fabricantes en diferentes regiones.

Región de red	Número de representantes	Volumen total de ventas de redes
América del norte	43	$ 37.6 millones
Europa	22	$ 18.9 millones
Asia-Pacífico	15	$ 12.4 millones

NN, Inc. (NNBR) - Modelo de negocio: segmentos de clientes

Fabricantes de automóviles

NN, Inc. sirve a fabricantes automotrices con componentes de precisión y productos de ingeniería.

Tipo de cliente	Ingreso de segmento	Clientes clave
Fabricantes de vehículos de pasajeros	$ 87.3 millones	Ford, General Motors, Toyota
Fabricantes de vehículos comerciales	$ 42.6 millones	Navistar, Daimler Trucks

Industrias aeroespaciales y de defensa

Soluciones de ingeniería de precisión para el sector aeroespacial y de defensa.

Segmento	Valor anual del contrato	Clientes principales
Aeroespacial comercial	$ 63.5 millones	Boeing, Airbus
Contratistas de defensa	$ 41.2 millones	Lockheed Martin, Northrop Grumman

Productores de maquinaria industrial

• Componentes de equipos de fabricación
• Piezas mecánicas de alta precisión
• Soluciones de ingeniería personalizadas

Tipo de maquinaria	Ingreso de segmento	Mercados clave
Equipo de construcción	$ 55.7 millones	Caterpillar, John Deere
Maquinaria agrícola	$ 32.4 millones	Caso IH, New Holanda

Fabricantes de dispositivos médicos

Componentes especializados para el sector de tecnología médica.

Categoría de dispositivo	Ingresos anuales	Principales clientes
Instrumentos quirúrgicos	$ 29.6 millones	Medtronic, Stryker
Equipo de diagnóstico	$ 22.3 millones	Healthineers de Siemens, GE Healthcare

Compañías de electrónica y telecomunicaciones

• Componentes electrónicos de precisión
• Soluciones de conectividad
• Soporte de ingeniería avanzada

Segmento tecnológico	Ingreso de segmento	Clientes clave
Infraestructura de telecomunicaciones	$ 38.9 millones	Cisco, Nokia
Electrónica de consumo	$ 26.7 millones	Apple, Samsung

NN, Inc. (NNBR) - Modelo de negocio: Estructura de costos

Equipos y mantenimiento de fabricación

A partir del año fiscal 2023, NN, Inc. reportó gastos de capital totales de $ 12.4 millones, con una porción significativa asignada al mantenimiento y actualizaciones de equipos de fabricación.

Categoría de equipo	Costo de mantenimiento anual
Maquinaria de fabricación de precisión	$ 3.6 millones
Máquinas CNC	$ 2.1 millones
Sistemas de ensamblaje automatizados	$ 1.8 millones

Adquisición de materia prima

En 2023, NN, Inc. gastó $ 45.2 millones en adquisiciones de materia prima en sus segmentos de fabricación.

• Aleaciones de acero y metal: $ 18.7 millones
• Componentes de precisión: $ 15.3 millones
• Materiales de ingeniería especializados: $ 11.2 millones

Gastos de la fuerza laboral laboral y técnica

Los gastos totales relacionados con la fuerza laboral para 2023 fueron de $ 87.6 millones.

Categoría de fuerza laboral	Costo laboral anual
Personal de fabricación	$ 52.3 millones
Personal de ingeniería	$ 22.1 millones
Personal administrativo	$ 13.2 millones

Inversiones de investigación y desarrollo

NN, Inc. asignó $ 16.5 millones a los esfuerzos de I + D en 2023, lo que representa el 4.2% de los ingresos totales.

• Tecnologías de fabricación avanzada: $ 7.3 millones
• Innovación de productos: $ 5.6 millones
• Optimización del proceso: $ 3.6 millones

Control de calidad y procesos de cumplimiento

Los costos de garantía y cumplimiento de la calidad totalizaron $ 6.8 millones en 2023.

Área de cumplimiento	Costo anual
Sistemas de gestión de calidad	$ 3.2 millones
Certificación y auditoría	$ 2.1 millones
Cumplimiento regulatorio	$ 1.5 millones

NN, Inc. (NNBR) - Modelo de negocios: flujos de ingresos

Contratos de fabricación de componentes personalizados

Ingresos anuales de contratos de fabricación personalizados: $ 187.3 millones en 2023

Segmento de la industria	Rango de valor del contrato	Porcentaje de ingresos de fabricación personalizados totales
Automotor	$ 50,000 - $ 2.5 millones	42%
Dispositivos médicos	$ 75,000 - $ 1.8 millones	28%
Equipo industrial	$ 35,000 - $ 1.2 millones	30%

Órdenes de producción de alto volumen

Ingresos de producción total de alto volumen: $ 142.6 millones en 2023

• Volumen de pedido promedio: 500,000 unidades por contrato
• Cantidad mínima de pedido: 100,000 unidades
• Capacidad de producción anual máxima: 5.2 millones de unidades

Servicios de diseño y consulta de ingeniería

Ingresos anuales de los servicios de ingeniería: $ 24.5 millones en 2023

Tipo de servicio	Tarifa por hora	Duración promedio del proyecto
Desarrollo prototipo	$ 225/hora	3-6 meses
Consulta técnica	$ 185/hora	1-2 meses

Soporte del mercado de accesorios y piezas de repuesto

Ingresos del mercado de posventa: $ 53.2 millones en 2023

• Costo promedio de la parte de reemplazo: $ 87
• Valor de inventario de piezas de repuesto: $ 12.4 millones
• Tasa de facturación de inventario anual: 4.3 veces

Licencias de tecnología y derechos de propiedad intelectual

Ingresos de licencia: $ 18.7 millones en 2023

Categoría de IP	Número de licencias activas	Tasa de regalías
Procesos de fabricación	12 licencias	3-5% de los ingresos del producto
Diseño de componentes	8 licencias	2-4% de los ingresos del producto

NN, Inc. (NNBR) - Canvas Business Model: Value Propositions

You're looking at the core promises NN, Inc. makes to its customers as of late 2025. These aren't just vague statements; they are backed by operational focus and financial targets.

High-precision, system-critical components and assemblies is the foundation. This is evident in the strategic pivot toward higher-value areas. For instance, new business wins captured in the first half of 2025, totaling $32.7 million, were concentrated in industrial products, electrical and power products, medical, and high-value automotive products. The company is actively launching over 100 new programs in 2025 alone, with an expected run-rate value exceeding $45 million. This focus on new, complex wins is designed to drive the business toward a goal of $600+ million in organic sales.

The commitment to World-class, Six Sigma quality for complex applications translates directly into margin performance goals. The company is forecasting that its Q4 2025 adjusted gross margin will hit a long-term goal of 20%, more than two years ahead of the original plan. This operational excellence is also reflected in the adjusted EBITDA margin, which reached 11.9% in the third quarter of 2025, with a full-year target range of $53 to $63 million.

NN, Inc. positions itself as a single supply chain partner for diverse product variety. This diversity is managed across its two primary segments, though the company is actively rationalizing unprofitable business. Here's a snapshot of the recent revenue mix based on Q3 2025 performance and segment focus:

Segment	Q3 2025 Net Sales (Millions USD)	Q3 2025 Sales Change vs. Prior Year	Key Focus Areas
Mobile Solutions	$59.1	Down 16.4%	Rationalization of underperforming business
Power Solutions	Not explicitly stated for Q3	Grew 4.7%	Electrical and aerospace & defense end markets

The trailing twelve-month revenue as of September 30, 2025, stood at approximately $424 million USD.

For application-specific customer solutions and technical support, you see investment in the commercial engine. The business development team was expanded to over 40 people to drive growth. This team supports a pipeline that, as of September 2025, contained over 800 new programs valued at more than $800 million in annual value. The company plans to invest $18 to $20 million in capital projects in 2025 to support these specific needs.

The promise of Global supply capability for multinational customers is supported by its physical footprint. NN, Inc. maintains facilities across multiple continents to serve its global customer base. The company operates in:

• North America
• South America
• Europe
• China

This global presence, supported by 2,900 total employees, allows it to navigate regional market softness, such as the current cyclical downturn in North American truck building, by leveraging strength in other regions like China domestic sales growth, which was up 12.5% in Q1 2025.

Finance: draft 13-week cash view by Friday.

NN, Inc. (NNBR) - Canvas Business Model: Customer Relationships

You're looking at how NN, Inc. (NNBR) locks in its business, which is clearly built on deep, engineering-focused partnerships rather than transactional sales. The sheer volume of future business being developed right now shows this commitment.

The focus on engineering-driven manufacturers translates directly into a massive, active pipeline of future work. As of late 2025, NN, Inc. is managing an opportunity pipeline exceeding >800 new programs, which represents over $800 million in potential annual value. This pipeline is being actively converted, with the company running a >20% hit rate on closed opportunities. This level of engagement requires a very close working relationship.

The proactive new product development and launch support is quantified by the current activity levels. NN, Inc. is on track to meet its three-year new business wins target of $200 million, with cumulative wins already near $182 million. Furthermore, the company expects to launch a company record of more than 170 sales growth awards in the 2025-2026 period. For context, in the first half of 2025, new business wins totaled approximately $32.7 million.

The structure supporting this high-touch engagement is significant. As of Q2 2025, NN, Inc. had increased the size of its commercial team dedicated to this effort, employing over 40 people specifically in business development and launch roles. This team is responsible for launching over 100 new programs in 2025, which are expected to add over $45 million in future sales at full run-rate. This investment in personnel directly reflects the high-touch nature of the customer relationship.

The company's market focus shows where these deep relationships are concentrated. For the second quarter of 2025, NN, Inc. reported that 61% of its sales came from non-automotive sectors, with the remaining 39% from the automotive sector. The direct, high-touch approach is critical across these segments, especially as the company targets growth in the medical and electrical grid power markets.

Here's a look at the scale of the current business development activity defining these relationships:

Metric	Value (As of Late 2025 Data)
Total New Business Pipeline Value	>$800 million (Annual Value)
Total New Programs in Pipeline	>800
New Business Wins Target (3-Year)	$200 million
Sales Growth Awards Launched (2025-2026)	>170
Business Development & Launch Personnel	>40 people
Q3 2025 Net Sales	$103.9 million

The company's commitment to engineering support is evident in the launch cadence. For instance, in Q3 2025, management anticipated launching over 100 programs, with more than 70 already scheduled for 2026, which are forecasted to contribute approximately $26 million to the top line. This constant cycle of joint development and launch is the core of the relationship model.

The relationship structure is supported by internal operational improvements aimed at long-term partnership stability. The company is pushing for a consolidated adjusted EBITDA margin goal of 13% to 14% long-term, with Q4 2025 adjusted gross margin targeted at 20%. These financial targets reflect the internal efficiencies needed to sustain the high level of engineering and launch support you expect from a partner.

NN, Inc. (NNBR) - Canvas Business Model: Channels

You're looking at how NN, Inc. (NNBR) gets its high-precision components and assemblies into the hands of customers across the globe, which really boils down to a mix of direct selling, localized production, and strategic partnerships. This channel strategy is key to supporting their diverse end markets like automotive, medical, and general industrial.

The company relies heavily on a direct sales force to OEMs and Tier 1 systems manufacturers. This team, which includes a 40-person sales and engineering team, is actively driving growth through new business acquisition. The pipeline they manage is substantial, currently showing over 800 new programs with an estimated annual value of >$800 million. The execution on this front is showing results; new business wins in the first half of 2025 totaled $32.7 million. Furthermore, NN, Inc. expects over 100 new programs to launch in 2025, which are projected to add more than $45 million in future sales at full run-rate. The hit rate on closed opportunities stands at >20%.

Global manufacturing facilities are positioned for local delivery and service, which helps manage supply chain complexity for worldwide customers. NN, Inc. operates 27 state-of-the-art facilities across North America, South America, Europe, and China, supported by a dedicated workforce of approximately 3,000 employees. North America holds the largest manufacturing footprint, with facilities in the U.S. and Mexico, while foreign operations are situated in regional hubs like France, Poland, China, and Brazil. The total manufacturing space across these locations exceeds 1.7 million square feet. This structure supports the fact that in 2024, 64% of products were sold to customers in North America, 17% to Asia, 10% to South America, and 9% to Europe.

Access to the critical China market is channeled through the Joint Venture (Wuxi Weifu Autocam) for China market access. This JV, in which NN, Inc. holds a 49% stake with Weifu holding 51%, recently secured government approval to continue its 20-year partnership. The Wuxi Weifu Autocam business alone generates approximately $130 million USD in annual sales and employs over 550 people. Including its other wholly-owned businesses in China, NN, Inc. has total profitable sales in the region exceeding $200 million. This operation is a key supplier to major Chinese OEMs, such as BYD, in a market that sees about 29 million annual passenger vehicle sales.

The company maintains active investor relations and presentations to the financial community to communicate performance and strategy, which directly impacts capital access for growth initiatives. For the third quarter ended September 30, 2025, NN, Inc. reported Net Sales of $103.9M, with Adjusted EBITDA at $12.4M (an 11.9% Margin) and Free Cash Flow of $9.1M. Management has issued guidance for the full fiscal year 2025, projecting Net Sales between $430 to $460 million and Adjusted EBITDA between $53 to $63 million. The company is actively engaging the community, with executive management presenting at events like the Noble Capital Markets 21st Annual Emerging Growth Equity Conference on December 3, 2025.

Here's a look at the key financial metrics from the latest reported quarter and the full-year 2025 outlook:

Metric	Q3 2025 Actual	Full Year 2025 Guidance
Net Sales	$103.9M	$430M to $460M
Adjusted EBITDA	$12.4M	$53M to $63M
Adjusted EBITDA Margin	11.9%	Q4 2025 target of 14%
Free Cash Flow	$9.1M	$14M to $16M
New Business Wins (YTD)	$11.3M (Q3)	$60M to $70M (Full Year)

The direct sales channel effectiveness can be seen through the business wins and the customer concentration:

• Sales and engineering team size: 40 people.
• Total new business wins target: $200 million over three years.
• Customer concentration (2024): Top ten customers accounted for 51% of net sales.
• New programs expected to launch in 2025: Over 100.

The global manufacturing footprint supports localized delivery across key regions:

• Total facilities: 27.
• Total employees: Approximately 3,000.
• Manufacturing space: More than 1.7 million square feet.
• Foreign manufacturing hubs: France, Poland, China, and Brazil.

For the China Joint Venture specifically, the channel metrics are:

• JV Annual Sales: Approximately $130 million USD.
• NN, Inc. Ownership: 49%.
• Total China Profitable Sales (all 3 businesses): Over $200 million.

Finance: draft 13-week cash view by Friday.

NN, Inc. (NNBR) - Canvas Business Model: Customer Segments

You're looking at the core markets NN, Inc. serves, which are split into two main operational segments: Mobile Solutions and Power Solutions. Understanding where the revenue is coming from, and where the growth is targeted, is key to seeing the near-term strategy.

As of the second quarter of 2025, NN, Inc. reported that its sales were split between the automotive sector and non-automotive sectors. Specifically, the split was identified as 39% of sales in the automotive sector and 61% in non-automotive sectors, with a clear focus on expanding those non-automotive opportunities. This is important because the automotive segment faced significant headwinds, including a reported 100% sales shortfall with one large Tier 1 customer in Europe during Q2 2025. Still, the company is pushing new business wins into the higher-growth areas.

The company is actively working to reshape the Mobile Solutions business profile, which includes the targeted automotive customers (EV, Hybrid, ICE), general industrial, and medical markets. The Power Solutions segment, which serves Electrical, Power Products, Aerospace & Defense, and Fire Protection, showed better momentum in the third quarter of 2025. For Q3 2025, Net Sales were $103.9 million, with Power Solutions growing 4.7% year-over-year, while Mobile Solutions declined 16.4%.

The customer base is global, which you can see from their 2024 geographic sales distribution:

• North America: 64% of sales in 2024.
• Asia: 17% of sales in 2024.
• South America: 10% of sales in 2024.
• Europe: 9% of sales in 2024.

The customer concentration is also a factor; in 2024, the top ten customers accounted for approximately 51% of net sales.

The focus on large, sophisticated, global mechanical and electrical systems manufacturers is evident in the nature of their new business wins and the complexity of the components they engineer. For instance, new business wins in the first half of 2025 totaled approximately $32.7 million, contributing to the annual goal of $65 million. Q3 2025 wins added another $11.3 million, led by strategic wins in North America auto, fire protection, and aerospace & defense products. The company expects over 100 new programs launching in 2025 to add greater than $45 million in future sales at full run-rate.

Here is a breakdown of the segments and their associated end markets, using the latest available segment performance data:

Business Segment	Primary End Markets	Q3 2025 Sales Performance (YoY Change)	New Business Wins (Q3 2025)
Mobile Solutions	Automotive (EV, Hybrid, ICE), General Industrial, Medical	Declined 16.4%	Contributed to wins, including medical products.
Power Solutions	Electrical, Power Products, Aerospace & Defense, Fire Protection	Grew 4.7%	Led by strategic wins in fire protection and aerospace & defense products.

Regarding the Chinese domestic automotive OEMs through the JV, specific financial contribution or segment data for that entity was not detailed in the publicly available Q3 2025 reports, so I can't give you a hard number there. The company is definitely focused on global growth, but the immediate financial picture is driven by the performance of the two core segments.

NN, Inc. (NNBR) - Canvas Business Model: Cost Structure

The Cost Structure for NN, Inc. (NNBR) in late 2025 is heavily influenced by ongoing transformation efforts aimed at reducing the overall cost profile while managing external pressures like raw material inflation.

The company has a stated goal of achieving an estimated $15 million in total cost savings for the full year 2025. This cost-out plan is a key component of the strategy, alongside footprint rationalization.

Manufacturing and operating costs across global facilities are being actively managed. The Last Twelve Months (LTM) Operating Expenses, as of the third quarter of 2025, stood at $68.7M. A significant driver for cost reduction has been headcount rightsizing, which saw an approximate 16% reduction over the preceding two years. Furthermore, operating costs have been lowered through headcount reductions in specific segments, such as the income from operations improvement in Power Solutions.

Significant raw material costs remain a factor, with the business explicitly noting that current performance is unfavorably impacted by rising metal basis costs, especially gold and silver. Despite this, NN, Inc. anticipates a third consecutive year of positive free cash flow for 2025, even with these elevated precious metal costs.

Restructuring and rationalization costs are tied to the ongoing plant closure strategy. Softness in global automotive markets created an opportunity for the closure of the final high-cost, unprofitable plant in NN, Inc.'s 5-year plan. These actions are part of the ~$15 million cost-out plan for 2025, which also includes staff reduction and continuous improvement programs.

Selling, General, and Administrative (SG&A) expenses are being managed through a structural change, adopting a 'One Team' shared SG&A approach while simultaneously increasing investment in the commercial team. This expansion includes adding over 40 people in business development and launch roles to support new program growth.

Here is a look at how key cost-related margin metrics performed through the third quarter of 2025:

Metric	Q3 2025 Value (As Reported)	Q3 2025 Value (Adjusted)	Comparison Point
Gross Margin	16.8% of sales	18.8% of sales	Up from 14.5% and 16.3% in Q3 2024, respectively
Adjusted EBITDA Margin	11.9% margin rate	N/A	Up from 10.2% margin rate in Q3 2024
Capital Investment	N/A	$18 to $20 million planned for 2025	Investment to support growth initiatives

The focus on cost reduction is also evident in working capital management, where the company achieved a 20.8% reduction in working capital dollars, moving days of working capital from 79 to 70 days.

The overall cost structure management is tied to several strategic actions:

• Targeting $15 million in total cost savings for 2025.
• Executing on the closure of the final high-cost, unprofitable plant.
• Implementing a 'One Team' shared SG&A structure.
• Investing $18 to $20 million on capital projects in 2025.
• Managing the impact of rising precious metal basis costs.

Finance: draft 13-week cash view by Friday.

NN, Inc. (NNBR) - Canvas Business Model: Revenue Streams

You're looking at the core ways NN, Inc. (NNBR) brings in cash as of late 2025. It's a mix of ongoing product sales, strategic partnerships, and capturing new market share.

The primary engine remains the Sales of high-precision components and assemblies. The full-year 2025 outlook for Net Sales is projected to range between $430 million and $460 million.

A significant, stable stream comes from the international footprint, specifically the Joint Venture with Weifu in Wuxi, China, known as Wuxi Weifu Autocam. This partnership generates approximately $130 million in annual sales. To be fair, NN, Inc.'s total China operations, which include this JV and two wholly-owned businesses, deliver over $200 million in profitable sales.

Growth acceleration is targeted through new customer acquisition, evidenced by the 2025 target for Revenue from new business wins set between $60 million and $70 million. The company reported securing $32.7 million in new business wins in the first half of 2025 alone. Furthermore, over 100 new programs are expected to launch in 2025, which are anticipated to add greater than $45 million in future sales at full run-rate.

Another component of the revenue flow involves Precious metals pass-through pricing adjustments. This mechanism helps offset softness in other areas, like the challenges seen in certain automotive customer volumes. Still, the company anticipates a third consecutive year of positive free cash flow in 2025, even while managing elevated precious metal input costs.

The expected profitability from these streams is strong, with the Adjusted EBITDA expected to be an annual record, ranging from $53 million to $63 million in 2025. The fourth quarter of 2025 is specifically targeted to hit the five-year goal of 14% for Adjusted EBITDA margin.

Here's a quick look at the key financial targets driving these revenue streams for 2025:

Revenue/Profit Metric	Projected 2025 Financial Number
Net Sales Outlook	$430 million to $460 million
China Joint Venture Annual Sales	Approximately $130 million
New Business Wins Target	$60 million to $70 million
Adjusted EBITDA Range	$53 million to $63 million

You can see the focus on future revenue generation through the pipeline:

• Secured over $150 million in new wins since Q1 2023.
• Total new business wins target over three years is $200 million.
• The current opportunity pipeline is valued at over $800 million annually, comprising more than 800 prospective programs.
• More than 170 sales growth awards are set to launch across 2025-2026.

Finance: draft 13-week cash view by Friday.