Breaking: NN Crushes Q2 Targets with Impressive New Business Surge
NN Achieves Impressive Business Growth with $16.4 Million in New Awards for Q1 2025
Charlotte, North Carolina - NN (NASDAQ: NNBR) has reported remarkable progress in its business development strategy, announcing significant new business wins and strengthening its financial outlook for 2025.
Key Highlights:
- First Quarter 2025 New Business Awards: $16.4 million
- Cumulative New Business Awards Since Q1 2023: Over $150 million
- Company Tracking Ahead of Five-Year Strategic Plan
Financial Strategy Update
The company has proactively raised its five-year Adjusted EBITDA margin target range to 13-14%, while simultaneously reaffirming its previous 2025 Adjusted EBITDA guidance. This demonstrates NN's confidence in its growth trajectory and operational efficiency.
These achievements underscore NN's robust market position and strategic execution in a competitive business landscape.