NN Inc. is a publicly traded diversified precision components manufacturer headquartered in Johnson City, Tennessee. Originally a precision bearing components supplier, NN has significantly reduced its automotive exposure from approximately 25% of revenue in 2019 to roughly 8% as of 2024, with $464 million in annual revenue and approximately 2,900 employees. The company is actively pivoting toward higher-margin markets including data center power infrastructure, defense electronics, and medical devices. Automotive customers include Tier 1 suppliers requiring precision turned and ground components for powertrain and braking applications.
NN Inc. reported new program wins in precision EV components and medical devices, part of its diversification strategy away from traditional ICE drivetrain applications toward higher-margin markets.
NN Inc. expanded its precision machining operations to support production of high-tolerance housings and rotors for EV inverter and motor applications, targeting Tier 1 electrification customers.
NN completed a multi-quarter facility optimization initiative consolidating European operations and repositioning North American plants toward higher-value precision components, improving EBITDA margins by 150bps.
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