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Stock impact report

NN, Inc. Reports Second Quarter 2018 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: PR Newswire
CHARLOTTE, N.C., Aug. 8, 2018 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2018. Operating Segment RecastingAs previously disclosed in January 2018, NN implemented a new enterprise and management structure and reorganized its businesses into three new segments.  In the first quarter of 2018, NN began reporting its financial results based on these segments.GAAP ResultsNet sales for the second quarter of 2018 increased $38.4 million, or 24%, to $196.3 million, compared to $157.9 million for the second quarter of 2017.  The increase was driven by sales from acquisitions of $37.2 million and organic sales growth of $3.4 million. On a GAAP basis, income (loss) from operations for the second quarter of 2018 was $(0.3) million, compared to $12.6 million for the same period in 2017.  Net loss on a GAAP basis for second quarter of 2018 was $(24.5 million). This compares to net loss on a Show less Read more
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