NN

NN won contract manufacturing agreements to produce firearm components for a leading US manufacturer, sending the stock up about 8%. The new business is expected to generate $12–15 million in revenue starting in the third quarter and to grow gradually through 2028. NN cites technical advances in titanium machining, surface treatment and laser welding, and states ATF, FFL, ITAR and CMMC Tier-2 compliance for the defense market. The Defense & Electronics division is targeting $100 million in annual revenue in the medium term; NN plans to update its 2026 guidance when it reports Q2 results on August 6. » Mere på de.investing.com

NN Inc. has announced a private placement expected to raise gross proceeds of approximately $75 million, issuing 24,509,804 common shares at $3.06 each, below the current price of $3.59. Closing is expected Thursday and is subject to customary conditions; net proceeds are intended for working capital and balance sheet optimization measures. The transaction comes amid $218.7 million of debt and a market capitalization of $189.46 million; Craig‑Hallum acted as sole placement agent. » Mere på de.investing.com

NN Inc reported Q1 2026 EPS of $0.02 and revenue of $118.5 million, with both metrics well above expectations. Adjusted EBITDA rose to $14.1 million and reached its highest 12‑month level in five years; adjusted operating income increased by 184%. In after‑hours trading the stock climbed 11.74%, while premarket trading saw slight profit‑taking. Management sees further growth potential in data centers and power grids and confirms positive EPS guidance for the coming quarters and fiscal 2027. » Mere på de.investing.com