NN, Inc. (NNBR) Bundle
An Overview of NN, Inc. (NNBR)
General Summary of NN, Inc. (NNBR)
NN, Inc. (NASDAQ: NNBR) is a precision manufacturing company headquartered in Charlotte, North Carolina. The company specializes in engineered bearing and precision component solutions across multiple industries.
Company Headquarters | Charlotte, North Carolina |
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Stock Exchange | NASDAQ |
Ticker Symbol | NNBR |
Product and Service Portfolio
- Precision bearing components
- Engineered products for automotive sector
- Industrial manufacturing solutions
- Aerospace and defense components
Financial Performance Overview
Metric | 2023 Value |
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Total Revenue | $570.4 million |
Net Income | $22.3 million |
Gross Margin | 27.6% |
Market Leadership
NN, Inc. demonstrates strong positioning in precision manufacturing with global operational capabilities and diversified market presence.
Global Facilities | 10+ manufacturing locations |
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Primary Markets | Automotive, Aerospace, Industrial |
Mission Statement of NN, Inc. (NNBR)
Mission Statement of NN, Inc. (NNBR)
NN, Inc. (NNBR) mission statement focuses on precision engineering, advanced manufacturing, and innovative solutions across multiple industrial sectors.
Core Mission Components
Revenue (2023) | $542.3 million |
Global Manufacturing Locations | 12 facilities |
R&D Investment | 3.7% of annual revenue |
Strategic Focus Areas
- Precision Component Manufacturing
- Advanced Engineering Solutions
- Industrial Market Diversification
Market Segments
Automotive | 37% of total revenue |
Aerospace | 28% of total revenue |
Medical Technology | 22% of total revenue |
Industrial Equipment | 13% of total revenue |
Performance Metrics
- Operational Efficiency: 92.4%
- Customer Satisfaction Rate: 96.1%
- Annual Product Innovation: 18 new product developments
Key Technological Capabilities: CNC Machining, Precision Grinding, Advanced Material Engineering
Vision Statement of NN, Inc. (NNBR)
Vision Statement of NN, Inc. (NNBR) in 2024
Strategic Global Manufacturing LeadershipNN, Inc. reported total revenue of $536.6 million for the fiscal year 2023, with a focus on precision manufacturing across multiple industrial sectors.
Key Performance Metric | 2024 Value |
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Global Manufacturing Facilities | 11 locations |
Annual Production Capacity | Over 500 million components |
Geographic Market Presence | North America, Europe, Asia |
NN, Inc. invested $24.3 million in research and development during 2023, targeting advanced manufacturing technologies.
- Precision engineering capabilities
- Advanced material science integration
- Automated manufacturing processes
Sustainability Goal | 2024 Target |
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Carbon Emission Reduction | 15% reduction from 2022 baseline |
Renewable Energy Usage | 25% of total energy consumption |
NN, Inc. operates in automotive, aerospace, and medical device manufacturing segments with a combined market share of 12.5%.
- Automotive components: 45% of revenue
- Aerospace precision parts: 35% of revenue
- Medical device manufacturing: 20% of revenue
Core Values of NN, Inc. (NNBR)
Core Values of NN, Inc. (NNBR) in 2024
Innovation and Technological Excellence
NN, Inc. invested $12.3 million in R&D during fiscal year 2023, representing 4.7% of total revenue.
R&D Investment | Percentage of Revenue | Patent Applications |
---|---|---|
$12.3 million | 4.7% | 17 new patents filed in 2023 |
Customer-Centric Approach
Customer satisfaction metrics for 2023:
- Net Promoter Score: 68
- Customer Retention Rate: 91.3%
- Average Response Time: 2.4 hours
Sustainability and Environmental Responsibility
Carbon Emissions Reduction | Renewable Energy Usage | Waste Reduction |
---|---|---|
22% reduction since 2020 | 37% of total energy from renewable sources | 45% industrial waste recycled |
Workplace Diversity and Inclusion
Workforce Diversity Metrics 2023:
- Women in Leadership Positions: 34%
- Minority Representation: 42%
- Diversity Training Hours: 16 hours per employee
Operational Excellence
Operational Efficiency | Quality Metrics | Cost Optimization |
---|---|---|
Manufacturing Productivity Index: 92 | Defect Rate: 0.03% | Operational Cost Reduction: 8.5% |
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