Nn Inc's Suppliers Performance
NNBR's Supply Chain
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NNBR Costs vs Sales of Suppliers Growth |
Revenues of Nn Inc's Suppliers, deteriorated by -8.94 % compared to the same quarter a year ago, sequentially sales grew by 48.66 %, Nn Inc's cost of sales deteriorated by -5.81 % year on year, relative to one quarter ago cost of sales fell by -5.75 % in Q4.
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Nn Inc's Suppliers realized a deteriorated in sales by -8.94 % compared to the same quarter a year ago, sequentially sales grew by 48.66 %, Nn Inc's cost of sales deteriorated by -5.81 % year on year, compare to one quarter ago cost of sales fell by -5.75 % in Q4.
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News about Nn Inc Contracts |
Amid an apparent deterioration in supplier revenue, NN, Inc., a diversified industrial company, has announced a robust new business win worth $10 million in the Automotive Electrical Wiring market. This fresh victory adds to the $43 million in total new business acquisitions achieved year-to-date across strategic markets. The company has put forth an optimistic stance, flaunting a forward pipeline potential exceeding half a billion dollars, despite its suppliers facing a revenue decline of 1.07% compared to the same quarter last year. NN, Inc.'s success amidst this challenging landscape portrays a notable resilience that sets an encouraging benchmark for the manufacturing sector. While supplier...
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Nn Inc's Comment on Supply Chain
Precision Bearing Components Group
The primary raw material used in our core ball and roller business of the Precision
Bearing Components Group is 52100 Steel, which is high quality chromium steel.
Our other steel requirements include metal strip, stainless steel, and type
S2 rock bit steel.
The Precision Bearing Components Group businesses purchase substantially all
of their 52100 Steel requirements from suppliers in Europe and Japan, and all
of their metal strip requirements from European suppliers and traders. We purchase
steel on the basis of composition, quality, availability and price. For precision
steel balls, the pricing arrangements with our suppliers are typically subject
to adjustment every three to six months in North America and contractually adjusted
on an annual basis within the European locations for the base steel price and
quarterly for surcharge adjustments. If any of our current suppliers were unable
to supply 52100 Steel to us, higher costs and/or production interruptions could
occur as a result of obtaining 52100 Steel from alternate sources. Our operating
results would be negatively affected in the event that North American or European
governments impose any significant quotas, tariffs or other duties or restrictions
on the import of such steel, if the U.S. dollar decreases in value relative
to foreign currencies or if supplies available to us would significantly decrease.
Precision Engineered Products Group
The Precision Engineered Products Group uses a wide variety of metals in various
forms, including precious metals like gold, silver, palladium and platinum.
Through our diverse network of suppliers, we minimize supplier concentration
risk and provide a stable supply of raw materials at competitive pricing. This
group also procures resins and metal stampings from several domestic and foreign
suppliers.
For the Precision Engineered Products Group, we base purchase decisions on quality,
service and price. Generally, we do not enter into written supply contracts
with our suppliers or commit to maintain minimum monthly purchases of materials.
However, we carefully manage raw material price volatility, particularly with
respect to precious metals, through the use of consignment agreements. In effect,
we lease the precious metals for our own stock and buy the raw materials on
the same day customer shipments are priced, thereby eliminating speculation.
In addition, our products with precious metal content are priced with a margin
on the raw material cost to further protect against raw material price volatility
and to provide incremental profit.
Autocam Precision Components Group
The Autocam Precision Components Group produces products from a wide variety
of metals in various forms from various sources located in the North America,
Europe and Japan. Basic types include hot rolled steel, cold rolled steel (both
carbon and alloy), stainless, extruded aluminum, die cast aluminum, gray and
ductile iron castings, hot and cold forgings and mechanical tubing. Some material
is purchased directly under contracts, some is consigned by the customer, and
some is purchased directly from the steel mills.
In each of our three segments, we have historically been affected by upward
price pressure on steel principally due to general increases in global demand.
In general, we pass through material cost fluctuations to our customers in the
form of changes in selling price.
Nn Inc's Comment on Supply Chain
Precision Bearing Components Group
The primary raw material used in our core ball and roller business of the Precision
Bearing Components Group is 52100 Steel, which is high quality chromium steel.
Our other steel requirements include metal strip, stainless steel, and type
S2 rock bit steel.
The Precision Bearing Components Group businesses purchase substantially all
of their 52100 Steel requirements from suppliers in Europe and Japan, and all
of their metal strip requirements from European suppliers and traders. We purchase
steel on the basis of composition, quality, availability and price. For precision
steel balls, the pricing arrangements with our suppliers are typically subject
to adjustment every three to six months in North America and contractually adjusted
on an annual basis within the European locations for the base steel price and
quarterly for surcharge adjustments. If any of our current suppliers were unable
to supply 52100 Steel to us, higher costs and/or production interruptions could
occur as a result of obtaining 52100 Steel from alternate sources. Our operating
results would be negatively affected in the event that North American or European
governments impose any significant quotas, tariffs or other duties or restrictions
on the import of such steel, if the U.S. dollar decreases in value relative
to foreign currencies or if supplies available to us would significantly decrease.
Precision Engineered Products Group
The Precision Engineered Products Group uses a wide variety of metals in various
forms, including precious metals like gold, silver, palladium and platinum.
Through our diverse network of suppliers, we minimize supplier concentration
risk and provide a stable supply of raw materials at competitive pricing. This
group also procures resins and metal stampings from several domestic and foreign
suppliers.
For the Precision Engineered Products Group, we base purchase decisions on quality,
service and price. Generally, we do not enter into written supply contracts
with our suppliers or commit to maintain minimum monthly purchases of materials.
However, we carefully manage raw material price volatility, particularly with
respect to precious metals, through the use of consignment agreements. In effect,
we lease the precious metals for our own stock and buy the raw materials on
the same day customer shipments are priced, thereby eliminating speculation.
In addition, our products with precious metal content are priced with a margin
on the raw material cost to further protect against raw material price volatility
and to provide incremental profit.
Autocam Precision Components Group
The Autocam Precision Components Group produces products from a wide variety
of metals in various forms from various sources located in the North America,
Europe and Japan. Basic types include hot rolled steel, cold rolled steel (both
carbon and alloy), stainless, extruded aluminum, die cast aluminum, gray and
ductile iron castings, hot and cold forgings and mechanical tubing. Some material
is purchased directly under contracts, some is consigned by the customer, and
some is purchased directly from the steel mills.
In each of our three segments, we have historically been affected by upward
price pressure on steel principally due to general increases in global demand.
In general, we pass through material cost fluctuations to our customers in the
form of changes in selling price.
NNBR's Suppliers Net profit fell by |
NNBR's Suppliers Net margin fell in Q4 to |
-44.84 % |
5.2 % |
NNBR's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Nn Inc |
176.45 |
489.27 |
-50.15 |
4,730 |
Agilent Technologies inc |
43,416.28 |
6,833.00 |
1,240.00 |
18,100 |
Alcoa Corp |
6,030.13 |
10,619.00 |
-966.00 |
61,000 |
Abb Ltd |
87,039.54 |
32,235.00 |
3,824.00 |
0 |
Accenture Plc |
219,383.21 |
64,573.60 |
7,038.47 |
721,000 |
Ascent Industries Co |
106.42 |
280.25 |
-37.64 |
698 |
Adm Tronics Unlimited Inc |
6.27 |
2.85 |
-0.72 |
21 |
Albany International Corp |
2,961.74 |
1,147.72 |
111.61 |
3,900 |
Albemarle Corporation |
15,519.23 |
9,617.20 |
1,670.54 |
6,000 |
American Superconductor Corp |
375.29 |
125.37 |
-19.11 |
354 |
Amerisafe Inc |
949.45 |
306.50 |
63.71 |
449 |
Ampco pittsburgh Corp |
44.50 |
407.77 |
3.93 |
1,076 |
Air Products And Chemicals Inc |
54,158.24 |
12,600.00 |
2,338.60 |
21,900 |
Arcbest Corporation |
3,356.37 |
4,427.44 |
195.43 |
13,238 |
Ashland Inc |
5,253.42 |
2,191.00 |
178.00 |
11,000 |
Advansix Inc |
738.11 |
1,533.60 |
54.62 |
1,340 |
Astrotech Corp |
14.39 |
1.14 |
-10.02 |
42 |
Ati Inc |
7,463.11 |
4,173.60 |
423.40 |
9,700 |
Avient Corporation |
3,811.45 |
3,142.50 |
76.20 |
0 |
Barnes Group Inc |
1,871.53 |
1,450.87 |
16.00 |
5,036 |
Badger Meter Inc |
4,642.06 |
668.01 |
85.42 |
1,514 |
Bonso Electronics International Inc. |
5.44 |
14.80 |
-2.76 |
528 |
Berkshire Hathaway Inc |
492,047.10 |
349,271.00 |
77,710.00 |
0 |
Cabot Corporation |
5,153.48 |
3,931.00 |
484.00 |
4,300 |
Chase Corporation |
1,215.62 |
404.02 |
33.18 |
677 |
Celanese Corporation |
18,203.28 |
10,940.00 |
1,964.00 |
8,529 |
Cemtrex Inc |
4.27 |
58.61 |
-9.35 |
577 |
Cf Bankshares Inc |
128.93 |
50.61 |
17.37 |
45 |
Cincinnati Financial Corporation |
19,575.95 |
10,013.00 |
1,843.00 |
5,166 |
Calumet Specialty Products Partners l p |
1,107.83 |
4,202.70 |
362.70 |
2,000 |
Clearday Inc |
8.09 |
7.54 |
-16.71 |
0 |
Columbus Mckinnon Corporation |
1,259.95 |
1,001.21 |
48.71 |
2,747 |
Comtech Telecommunications Corp |
89.71 |
571.27 |
-40.91 |
1,852 |
Conocophillips |
154,498.54 |
56,141.00 |
10,957.00 |
9,900 |
Csx Corporation |
74,380.32 |
14,657.00 |
3,715.00 |
20,900 |
Covenant Logistics Group Inc |
629.39 |
1,103.57 |
55.23 |
0 |
Chevron Corp |
297,473.03 |
200,949.00 |
21,411.00 |
42,595 |
Dupont De Nemours Inc |
33,993.00 |
12,068.00 |
462.00 |
28,000 |
Danaher Corporation |
186,017.78 |
23,890.00 |
4,764.00 |
80,000 |
Dover Corporation |
24,938.75 |
8,437.63 |
2,326.83 |
25,000 |
Dow Inc |
40,377.03 |
45,860.00 |
1,402.00 |
35,700 |
Ecopetrol S a |
22,574.88 |
23,422.95 |
4,494.49 |
0 |
Employers Holdings Inc |
1,187.37 |
850.90 |
118.10 |
716 |
Eastman Chemical Co |
11,989.63 |
9,210.00 |
896.00 |
14,000 |
Emerson Electric Co |
64,864.02 |
15,837.00 |
11,006.00 |
85,500 |
Franklin Electric Co Inc |
4,946.07 |
2,065.01 |
194.73 |
5,200 |
Fmc Corporation |
8,068.30 |
4,486.00 |
1,321.00 |
6,400 |
Fuller H B Co |
4,481.46 |
3,510.90 |
144.99 |
4,400 |
Gevo inc |
143.78 |
17.20 |
-66.22 |
74 |
Haynes International inc |
770.05 |
603.80 |
41.94 |
1,123 |
Honeywell International Inc |
137,335.69 |
36,662.00 |
5,672.00 |
99,000 |
Hubbell Inc |
22,352.18 |
5,372.10 |
766.00 |
16,200 |
Hub Group Inc |
1,299.37 |
4,503.07 |
218.02 |
2,568 |
Huntsman Corporation |
4,504.25 |
6,111.00 |
153.00 |
15,000 |
Idex Corp |
18,383.42 |
3,273.90 |
595.60 |
7,536 |
Innospec Inc |
3,222.27 |
1,963.90 |
126.80 |
1,800 |
Itron Inc |
4,105.22 |
2,172.91 |
98.32 |
6,065 |
Illinois Tool Works Inc |
81,338.99 |
16,107.00 |
2,957.00 |
45,000 |
J b Hunt Transport Services Inc |
20,749.39 |
12,829.67 |
728.29 |
33,045 |
Kvh Industries Inc |
96.81 |
132.38 |
-15.42 |
604 |
Quaker Chemical Corporation |
3,661.21 |
1,969.76 |
16.70 |
2,020 |
Liquidmetal Technologies Inc |
62.74 |
0.51 |
-2.05 |
26 |
Lsb Industries Inc |
615.76 |
694.08 |
99.14 |
610 |
Lyondellbasell Industries N v |
33,650.35 |
39,063.00 |
1,902.00 |
19,100 |
Model N Inc |
1,069.78 |
252.71 |
-31.67 |
864 |
Arcelormittal |
22,823.45 |
68,275.00 |
1,022.00 |
0 |
Mueller Water Products Inc |
2,472.73 |
1,217.30 |
77.30 |
3,900 |
Newmarket Corporation |
6,012.78 |
2,697.51 |
388.86 |
1,998 |
Ingevity Corporation |
1,695.96 |
1,691.90 |
-5.40 |
1,500 |
Norfolk Southern Corporation |
57,889.93 |
12,156.00 |
1,827.00 |
18,100 |
Old Dominion Freight Line Inc |
47,593.70 |
5,862.26 |
1,240.62 |
23,663 |
Olin Corporation |
7,367.07 |
6,833.00 |
452.00 |
6,400 |
Occidental Petroleum Corporation |
78,387.08 |
28,257.00 |
5,619.00 |
11,678 |
Parker hannifin Corporation |
72,297.07 |
19,826.04 |
2,633.17 |
55,090 |
Photronics Inc |
1,752.02 |
896.33 |
209.77 |
1,475 |
Piedmont Lithium Inc |
230.19 |
0.00 |
-21.78 |
10,400 |
Ppg Industries Inc |
34,472.79 |
18,246.00 |
1,309.00 |
49,300 |
P10 Inc |
922.91 |
235.80 |
-1.04 |
27,780 |
Rockwell Automation Inc |
33,405.70 |
9,129.00 |
1,112.00 |
26,000 |
Roper Technologies Inc |
59,943.70 |
6,177.20 |
1,384.20 |
19,300 |
Rpm International Inc |
15,262.03 |
6,467.85 |
449.53 |
13,394 |
Saia Inc |
15,732.13 |
2,786.03 |
336.49 |
8,900 |
Stepan Company |
2,057.51 |
2,419.82 |
52.23 |
2,073 |
Schneider National Inc |
3,904.99 |
5,498.90 |
238.50 |
19,600 |
Scully Royalty Ltd |
96.29 |
48.79 |
-17.92 |
0 |
Sunoco Lp |
6,444.56 |
23,068.00 |
824.00 |
22,500 |
Tredegar Corporation |
212.15 |
999.02 |
-105.91 |
2,800 |
Thermo Fisher Scientific Inc |
225,058.90 |
42,857.00 |
5,955.00 |
130,000 |
Trecora Resources |
231.52 |
301.32 |
8.99 |
310 |
Trinseo Plc |
114.30 |
3,474.50 |
-946.70 |
2,197 |
Unifi Inc |
101.62 |
583.10 |
-51.78 |
3,000 |
United guardian Inc |
34.89 |
10.89 |
2.58 |
34 |
Union Pacific Corp |
150,126.26 |
24,119.00 |
6,379.00 |
29,905 |
Usa Truck inc. |
284.98 |
785.04 |
33.29 |
2,800 |
Universal Stainless and Alloy Products Inc |
221,452.19 |
261.94 |
-1.41 |
645 |
United States Lime and Minerals Inc |
1,664.92 |
272.36 |
68.35 |
321 |
Vishay Precision Group Inc |
462.45 |
354.34 |
26.01 |
2,600 |
Vystar Corporation |
0.72 |
-1.37 |
-3.42 |
1 |
Werner Enterprises Inc |
2,432.18 |
3,283.50 |
112.29 |
188 |
Westlake Corporation |
19,438.34 |
12,548.00 |
522.00 |
8,870 |
Westlake Chemical Partners Lp |
785.42 |
1,190.79 |
334.63 |
141 |
Advanced Drainage Systems Inc |
13,556.87 |
2,443.05 |
504.12 |
4,615 |
White Mountains Insurance Group ltd |
0.00 |
2,166.70 |
580.90 |
2,973 |
United States Steel Corp |
10,205.87 |
18,247.00 |
1,149.00 |
34,680 |
Xylem Inc |
27,917.96 |
7,364.00 |
609.00 |
17,300 |
Yellow Corporation |
57.21 |
4,846.00 |
-80.00 |
0 |
SUBTOTAL |
3,404,624.52 |
1,438,916.00 |
209,432.95 |
2,078,166 |
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