NN Business Summary

NN, Inc. (NNBR) is a global diversified industrial manufacturer that generates revenue through the design and production of high-precision metal and plastic components and assemblies. The company operates primarily through two reporting segments: Mobile Solutions, which targets the automotive and general industrial sectors, and Power Solutions, which serves the electrical, aerospace, and defense end markets. By leveraging advanced materials science and micron-level engineering, NN produces mission-critical parts such as powertrain components, electrical contacts, and aerospace fasteners. Within the competitive landscape of industrial machinery, NN competes directly with firms like L.B. Foster (FSTR), DMC Global (BOOM), and Ampco-Pittsburgh (AP). As a small-cap player, the company is currently executing a multi-year strategic transformation to pivot away from low-margin legacy automotive business toward high-growth applications in grid hardening and vehicle electrification. The company was founded in 1980 by engineer-entrepreneur Richard D. Ennen in Johnson City, Tennessee, originally as NN Ball & Roller, Inc. Today, the leadership team is led by President and CEO Harold Bevis, who joined in 2023 following a successful tenure at Commercial Vehicle Group (CVG). He is supported by Senior VP and CFO Christopher H. Bohnert, a turnaround specialist also formerly of CVG, and COO Tim French. In 2025, the company bolstered its technical leadership by appointing Mohamad Farhat as CTO of Electrical, Defense & Medical and Robert Esch as CTO of Machining. The board is chaired by Jeri J. Harman and recently expanded in January 2026 to include Ted White, co-founder of Legion Partners Asset Management, following a cooperation agreement with major activist shareholders Legion Partners and Corre Partners Management.