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Stock impact report

NN to Receive Long-Awaited CARES Act IRS Refund

NN, Inc. (NNBR) 
Last nn, inc. earnings: 3/12 07:25 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nninc.com
Company Research Source: GlobeNewswire
CHARLOTTE, N.C., April 30, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (“NN” or the “Company”) (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies with six sigma quality today announced that it has been notified that its CARES Act refund of $10 million has been processed for payment. Harold Bevis, Chief Executive Officer of NN, Inc., commented, “NN is growing at a historically high rate due to the success of its growth programs and strength in certain markets. We borrowed $10 million in Q1 2026 to fund certain growth areas with both capital equipment and working capital. This US tax refund will more than offset that borrowing and also gives us more room to grow. We are happy about this extra cashflow and want to thank our tax advisors, the Federal government, and the IRS for making this happen. The statute was designed to help companies like NN and it is working as intended.” The above information is based on infor Show less Read more
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