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Stock impact report

NN, Inc. Reports First Quarter 2024 Results

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., May 06, 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 first quarter ended March 31, 2024. Highlights Strategic transformation program drove another quarter of improved results, 3rd quarter in a row;First quarter net sales of $121.2 million, down 4.6% versus prior year, driven largely by rationalized volume;First quarter operating loss of $4.8 million, an improvement of $2.3 million versus prior year;First quarter adjusted EBITDA of $11.3 million, an improvement of 38.9% versus prior year;First quarter free cash flow of $0.3 million, an improvement of $4.0 million versus prior year; andSecured new business awards of $17.2 million in the first quarter, $80 million in our last 5 quarters. “In the first quarter, we continued to execute our strategic transformation, which yielded continued improv Show less Read more
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