NNBR News & Events

Discussions of organizing U.S. and Iranian negotiator to iron out their disagreements, along with reports that European governments are taking a more active role in helping unclog the shipping route through the Strait of Hormuz, are boosting investor sentiment.  More benign than expected wholesale inflation data also worked in tandem to cooling geopolitical worries in continued repricing of Fed policy expectations toward greater likelihood of easing and supporting U.S. Treasuries.  Equities finished broadly higher, led by Consumer Cyclicals, Communications Services and Tech.  Meanwhile, Energy remained under pressure as Crude Oil prices continued to sink.In the opening hours of the evening session, WTI Crude Oil is falling further toward $88 per barrel, helped by a large build in API Petroleum inventories data leaving little concern of supply shock.  Equity futures are also slightly higher, with S&P e-minis now solidly above 7,000 and Nasdaq 100 breaching above 26,000 - with the latter also closing above the levels seen just before U.S.-Iran escalation.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Gloo Holdingsup 19.3%Mama's Creationsup 3.9%ALSO HIGHER -NN, Inc.up 12.1% after Q1 pre-announcementStoneCo Ltd.up 7.8% after announcing special dividendGitLabup 5.8% after announcing expanded partnership with Google CloudNIKEup 2.0% after insider buying activitySmith-Midlanddown 1.5%DOWN AFTER EARNINGS -Equity Bancsharesdown 2.2%ALSO LOWER -BRPdown 8% after suspending 2027 guidance due to changes in tariff environmentTeraWulfdown 6.4% after equity offeringSolarEdge Technologiesdown 3.6% after being cut to Sell at Goldman SachsAutolivdown 1.6% after being cut to hold at Jefferies

NN, Inc. announced that its preliminary Q1 2026 net sales results are expected to demonstrate growth versus the prior year and the company's forecast. Harold Bevis, CEO and president of NN, Inc., commented, "NN's sales are growing as expected and trending towards the high end of our previously guided range. Electric Grid, Data Center, Defense, and Electronics end markets are doing well, while global auto is stabilizing. Additionally, we are underway with industrializing a large portion of our previously awarded growth programs. This is expected to support our sales growth targets for 2026 and beyond. These sales are being produced through a lower cost operating model that is strengthening margins. With the large value of Electric Grid and Data Center new awards in Q1, we are increasing our guidance in this area to approximately $80 to $90 million of expected new sales wins secured during 2026. We are targeting strong sales growth in 2026 and beyond as well as increasing the amount and share of non-commodity auto business at the Company. Overall, our end markets and customers are healthy while global auto undergoes changes. We are currently running ahead of both our 2026 and long-term goals. We look forward to providing more information on the performance of the business when we release Q1 2026 earnings, which is planned for May 6, 2026."

NN, Inc. announced that it has acquired the large-scale automated plating operations from a global provider of electrical infrastructure solutions. This seller is an existing customer which is moving from in-house manufacturing to outsourced operations with this decision. The equipment acquisition will enable NN to significantly expand its processing capabilities in silver-plated busbars and terminals among other capabilities, which are ideal electrical components for electric grid and data center equipment. The plating line being acquired is substantially larger and more automated than NN's current capabilities, featuring large plating baths designed for high-volume, low-cost production. The automated plating line will enable NN to process larger parts representing an expansion of its product offering in terms of size, volume, and type of plated metal products that NN will be able to deliver to its electrical customers. NN expects this new capability to be operational at an existing facility in the fall of 2026. Financially, the new business won from this line will be inclusive to the company's prior guidance of $70M to $80M of new business wins in 2026. The capex associated with this project is inclusive to the company's capex guidance of $20M to $22M in 2026. The company is funding this strategic addition from operating cash flow.