NN, Inc. Reports Third Quarter 2024 Results
NN, Inc. (NNBR)
Last nn, inc. earnings: 3/12 07:25 pm
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US:NASDAQ Investor Relations:
investors.nninc.com
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Source: GlobeNewswire
CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the third quarter ended September 30, 2024. Highlights New business wins in the quarter were $15 million, bringing year-to-date and trailing-21-month totals to $49 million and $113 million, respectively; on pace with full-year guidance;Continuing to lower the cost structure of our North American Mobile Solutions footprint to achieve a minimum 10% adjusted EBITDA margin rate through footprint optimization and overhead cost reduction;China sales growth continues on track with top global tier-1 customers; up 19% versus prior year period;Implemented operational and cost reduction plans in Q3’24, including a ~$2 million annualized cost-out program, with additional cost-out initiatives in Q4’24 and first half of 2025;Leverage ratio declined to 2.97x, as cash p
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News
- Blackford Capital Appoints Scott M. Osterling as CEO of Davalor Mold Company [Yahoo! Finance]Yahoo! Finance
- Here's Why Greystone Capital Management Sold NN (NNBR) Despite Recent Purchases [Yahoo! Finance]Yahoo! Finance
- NN, Inc. Executive Management to Present at the Gabelli Funds 48th Annual Automotive SymposiumGlobeNewswire
- NN, Inc. to Reschedule Third Quarter 2024 Earnings Conference Call for Thursday, October 31, 2024GlobeNewswire
- NN, Inc. to Hold Third Quarter 2024 Earnings Conference Call on Friday, November 1, 2024GlobeNewswire
NNBR
Earnings
- 10/30/24 - Miss
NNBR
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/4/24 - Form 8-K
- NNBR's page on the SEC website