NN Inc (NASDAQ: NNBR) is a diversified industrial company that designs and manufactures high-precision components and assemblies for automotive, medical, electrical, and general industrial end markets on a global basis. Revenue is transactional, generated by selling application-specific machined parts and subassemblies to engineering-driven manufacturers under sales contracts or agreed commercial terms, with material cost fluctuations generally passed through to customers as price adjustments. As of December 31, 2025, NN operated 27 facilities across North America, South America, Europe, and China, organized into two segments: Mobile Solutions, serving automotive and medical markets, and Power Solutions. The top ten customers accounted for approximately 49% of net sales in FY2025, with one Mobile Solutions customer representing 11% of consolidated net sales in FY2025. North America represented 60% of net sales in FY2025. CEO Harold C. Bevis and CFO Christopher H. Bohnert signed the FY2025 10-K filed March 4, 2026.

Revenue model

Transactional sales of application-specific precision components and assemblies to industrial manufacturers. Customers typically fund development, prototyping, and tooling costs upfront, creating recurring revenue over multi-year product lifecycles. Material cost fluctuations are passed through to customers via selling price adjustments.

Products and services

High-precision machined components and subassemblies produced via high-precision machining, progressive stamping, laser welding, and assembly processes. Mobile Solutions products include components for power steering, braking, transmissions, and gasoline fuel systems, as well as parts for battery electric and hybrid electric vehicles. Products serve automotive, medical, general industrial, electrical, agricultural, construction, aerospace and defense, HVAC, and fluid power and diesel engine applications.

Customers and end markets

Customers are engineering-driven mechanical and electrical systems manufacturers. End markets include automotive, medical, electrical, agricultural, construction, residential devices and equipment, aerospace and defense, HVAC, and fluid power and diesel engines. Top ten customers represented approximately 49% of net sales in FY2025. One Mobile Solutions segment customer represented 11% of consolidated net sales in FY2025. No single customer exceeded 10% of consolidated net sales in FY2024 or FY2023.

Value-chain role

Tier-2 or Tier-1 precision component manufacturer supplying directly to industrial systems manufacturers. Solutions are co-designed to customer specifications and embedded into multi-year platform lifecycles. In-house tool design, process know-how, and regulatory production approvals create switching costs that discourage customer supplier changes.

Geographic exposure

60% of net sales to North America, 19% to Asia, 11% to Europe, and 10% to South America in FY2025. Physical footprint of 27 facilities across the United States, Brazil, Poland, France, China, and Mexico as of December 31, 2025.

Source: SEC 10-K, filed 2026-03-04

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