NN, Inc. (NASDAQ:NNBR) Q3 2023 Earnings Call Transcript November 7, 2023 9:00 AM ET

Company Participants

Alec Steinberg - Investor Relations

Harold Bevis - President and Chief Executive Officer

Michael Felcher - Senior Vice President and Chief Financial Officer

Conference Call Participants

Robert Brown - Lake Street Capital Market

Thomas Kerr - Zacks Investment Research

Barry Haimes - Sage Asset Management

Peter Sidoti - Sidoti & Company

Operator

Good morning and welcome to the NN, Inc. Third Quarter 2023 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please also note this event is being recorded.

I would now like to turn the conference over to Alec Steinberg. Please go ahead.

Alec Steinberg

Thank you, Chad. Good morning, everyone. Thank you for joining us. I'm Alec Steinberg, Investor Relations contact for NN, Inc. I'd like to thank you for attending today's business update.

Last evening, we issued a press release announcing our financial results for the third quarter ended September 30, 2023, as well as a supplemental presentation, which has been posted on the Investor Relations section of our website. If anyone needs a copy of the press release or the supplemental presentation, you may contact Alpha IR Group at nnbr@alpha-ir.com. Our presenters on the call this morning will be Harold Bevis, President and Chief Executive Officer and Mike Felcher, Senior Vice President and Chief Financial Officer.

Please turn to Slide 2, where you'll find our forward-looking statements and disclosure information. Before we begin, I'd ask that you take note of the cautionary language regarding forward-looking statements contained in today's press release, supplemental presentation and in the Risk Factors section in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and when filed, the company's quarterly report on Form 10-Q for the 3 months ended September 30, 2023. The same language applies to comments made on today's conference call, including the Q&A session as well as the live webcast. Our presentation today will contain forward-looking statements regarding sales, margins, inflation, supply chain constraints, foreign exchange rates, cash flow, tax rates, acquisitions, synergies, cash and cost savings, future operating results, performance of our worldwide markets, the impact of the coronavirus or COVID-19 pandemic and the Russian-Ukrainian conflict on the company's financial condition and other topics. These statements should be used with caution and are subject to various risks and uncertainties, many of which are outside of the company's control.