NN Inc. appoints Timothy Erro as new chief commercial officer

CHARLOTTE - NN, Inc. (NASDAQ:NNBR), a manufacturing company with annual revenue of $449 million and a market capitalization of $106 million, announced Tuesday that Timothy Erro has joined the company as Vice President and Chief Commercial Officer, where he will lead the global commercial team and report to President and CEO Harold Bevis. According to InvestingPro data, the company is currently trading near its Fair Value, with analysts expecting net income growth this year.

The global diversified industrial company, which engineers and manufactures high-precision components and assemblies, cited early success in its new business program as the reason for expanding the initiative with this leadership change.

According to the company, it has secured approximately $160 million in new business wins since launching its growth initiative in 2023, primarily in traditional markets with emerging success in electrical and medical end markets. The company’s new business pipeline currently stands at more than $700 million across all products and targeted growth areas. While showing promising growth potential, InvestingPro analysis indicates the company operates with a significant debt burden, with a debt-to-equity ratio of 3.07, though it maintains healthy liquidity with a current ratio of 1.92.

Erro brings over 30 years of experience with electrical and electronic products across various end markets and global geographies. Prior to joining NN, he served as VP of Global Sales and New Business Development for Commercial Vehicle Group, Inc., and held roles at Aptiv, Leoni Wiring Systems, General Motors, and United Technologies Automotive.

"Tim brings an outstanding track record with him and is currently leading one of the most successful new wins programs in the electrical industry globally," said Bevis in the press release statement.

The company stated that Erro previously led a global team that averaged more than $50 million per year in new business wins of electrical products, which was more than three times the historical annual new business wins generated by NN’s Power Solutions division.

Erro holds a Bachelor of Science in Mechanical Engineering from Youngstown State University and served 12 years in the US Navy reserves. With the company’s next earnings report scheduled for July 31, InvestingPro subscribers can access additional insights through the comprehensive Pro Research Report, which includes detailed analysis of the company’s financial health and growth prospects.

In other recent news, NN Inc. reported its first-quarter 2025 earnings, revealing a flat adjusted EBITDA and a slight decline in net sales. The company’s earnings per share (EPS) met expectations, but revenue fell short of forecasts. These results came as the company continues its efforts to expand its presence in the medical and automotive markets. No major mergers or acquisitions were announced during this period. Analyst firms have not recently upgraded or downgraded NN Inc.’s stock, maintaining their current ratings. The company’s strategic focus remains on growth within its targeted sectors. These developments highlight NN Inc.’s ongoing business strategies and financial performance.

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