NN, Inc. (NASDAQ: NNBR) reported that its preliminary first quarter 2026 net sales are expected to exceed its annual guidance run-rate and show growth compared to the prior year, according to a company statement.

The Charlotte, North Carolina-based industrial company secured approximately $43 million in new business awards during the first quarter, primarily in Electric Grid and Data Center markets. Based on this performance and early second quarter results, NN raised its full-year 2026 new business guidance to a range of $80 million to $90 million, up from previous expectations.

The company launched more than 60 new programs during the quarter, creating a shippable backlog as orders exceeded production capacity. NN maintained its net sales guidance range of $445 million to $465 million for 2026, expecting results toward the upper end of that range.

"NN's sales are growing as expected and trending towards the high end of our previously guided range," said Harold Bevis, Chief Executive Officer and President. "Electric Grid, Data Center, Defense, and Electronics end markets are doing well, while global auto is stabilizing."

The company stated it is repositioning its portfolio toward high-growth markets and away from commodity automotive segments. NN's current primary end market is high-value auto parts, while Electric Grid and Data Center represents its second-largest market with plans to become the top segment.

NN plans to release its complete first quarter 2026 earnings results on May 6, 2026. The preliminary information is subject to final financial statement closing procedures.