NN, Inc. (NASDAQ:NNBR) is attractive even after a 23% gain since the beginning of June due to a new CEO, reinstated dividend, significant debt reduction and rising free cash flow.
NNBR is a global manufacturer of metal bearing components, plastic & rubber products and precision metal components. NNBR serves more than 400 customers in over 30 countries through 10 manufacturing plants. Major customers include the automotive industry, OEMs, HVAC and heavy equipment manufacturers. NNBR has a 23% market share in precision steel balls and a 50% market share in tapered rollers (excluding captive manufacturers). Since 1999 NNBR has acquired six companies with $300 million in annual revenue.
Source: Company presentation
Source: SEC filings
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