NN, Inc. Revises First Quarter 2001 Earnings Projection

Apr 03, 2001, 01:00 ET from NN, Inc.

    JOHNSON CITY, Tenn., April 3 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today
 announced that it expects earnings per share for the first quarter ending
 March 31, 2001, to be lower than expectations of $0.13.  The Company now
 expects to report first quarter earnings in the range of $0.10 to $0.11 per
 share.  The earnings revision is primarily due to weak markets in North
 America and a corresponding reduction in domestic sales during the quarter.
     Roderick Baty, President and Chief Executive Officer, commented, "In
 response to increasingly challenging market conditions, we are continuing to
 focus on cost containment and reduction programs while carefully evaluating
 capital expenditures."  The Company expects to release first quarter results
 during the fourth week of April, 2001.
     NN, Inc. is an independent manufacturer and supplier of high quality,
 precision steel balls and rollers to both domestic and international
 anti-friction bearing manufacturers and had sales of US $132 million in 2000.
     For More Information on NN, Inc. at no cost, via facsimile, please call
 1-800-PRO-INFO and enter stock ticker symbol - NNBR.
 
     With the exception of the historical information contained in the release,
 the matters described herein contain forward-looking statements that are made
 pursuant to the safe harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  Forward-looking statements involve a number of risks and
 uncertainties that may cause actual results to be materially different from
 such forward-looking statements.  Such factors include, among others, general
 economic conditions and economic conditions in the industrial sector,
 competitive influences, risks that current customers will commence or increase
 captive production, risks of capacity underutilization, quality issues,
 availability of raw materials, currency and other risks associated with
 international trade, the Company's dependence on certain major customers, and
 other risk factors and cautionary statements listed from time to time in the
 Company's periodic reports filed with the Securities and Exchange Commission,
 including, but not limited to, the Company's Quarterly Report on Form 10-Q for
 the period ended September 30, 2000 and the company's Annual Report on 10-K
 for the fiscal year ended December 31, 2000.
 
 

SOURCE NN, Inc.
    JOHNSON CITY, Tenn., April 3 /PRNewswire/ -- NN, Inc. (Nasdaq: NNBR) today
 announced that it expects earnings per share for the first quarter ending
 March 31, 2001, to be lower than expectations of $0.13.  The Company now
 expects to report first quarter earnings in the range of $0.10 to $0.11 per
 share.  The earnings revision is primarily due to weak markets in North
 America and a corresponding reduction in domestic sales during the quarter.
     Roderick Baty, President and Chief Executive Officer, commented, "In
 response to increasingly challenging market conditions, we are continuing to
 focus on cost containment and reduction programs while carefully evaluating
 capital expenditures."  The Company expects to release first quarter results
 during the fourth week of April, 2001.
     NN, Inc. is an independent manufacturer and supplier of high quality,
 precision steel balls and rollers to both domestic and international
 anti-friction bearing manufacturers and had sales of US $132 million in 2000.
     For More Information on NN, Inc. at no cost, via facsimile, please call
 1-800-PRO-INFO and enter stock ticker symbol - NNBR.
 
     With the exception of the historical information contained in the release,
 the matters described herein contain forward-looking statements that are made
 pursuant to the safe harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  Forward-looking statements involve a number of risks and
 uncertainties that may cause actual results to be materially different from
 such forward-looking statements.  Such factors include, among others, general
 economic conditions and economic conditions in the industrial sector,
 competitive influences, risks that current customers will commence or increase
 captive production, risks of capacity underutilization, quality issues,
 availability of raw materials, currency and other risks associated with
 international trade, the Company's dependence on certain major customers, and
 other risk factors and cautionary statements listed from time to time in the
 Company's periodic reports filed with the Securities and Exchange Commission,
 including, but not limited to, the Company's Quarterly Report on Form 10-Q for
 the period ended September 30, 2000 and the company's Annual Report on 10-K
 for the fiscal year ended December 31, 2000.
 
 SOURCE  NN, Inc.