Mission Statement, Vision, & Core Values (2024) of NN, Inc. (NNBR)

Mission Statement, Vision, & Core Values (2024) of NN, Inc. (NNBR)

US | Industrials | Conglomerates | NASDAQ

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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
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
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
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 Leadership

NN, 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
Global Manufacturing Facilities 11 locations
Annual Production Capacity Over 500 million components
Geographic Market Presence North America, Europe, Asia
Technology and Innovation Focus

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 and Performance Objectives
Sustainability Goal 2024 Target
Carbon Emission Reduction 15% reduction from 2022 baseline
Renewable Energy Usage 25% of total energy consumption
Market Segment Leadership

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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