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Stock impact report

NN, Inc. Reports Third 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., Nov. 7, 2018 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the third quarter ended September 30, 2018. GAAP ResultsNet sales for the third quarter of 2018 increased $57.5 million, or 38.8%, to $205.7 million, compared to $148.2 million for the third quarter of 2017, driven by sales from acquisitions of $54.4 million and organic sales growth of $5.1 million offset by foreign exchange impacts of $2.0 million. On a GAAP basis, income from operations for the third quarter of 2018 was $5.9 million, compared to $5.6 million for the same period in 2017, due to strong growth in income from organic and acquisition sales growth in Life Sciences partially offset by higher than normal costs incurred in new program launches at each of the Life Sciences, Mobile Solutions and Power Solutions segments. Net loss on a GAAP basis for the third quarter of 2018 was $13.8 million. This compares to net income on a GAAP b Show less Read more
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