NN, Inc. (NNBR) Misses Q3 EPS by 7c

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Go back to NN, Inc. (NNBR) Misses Q3 EPS by 7c

NN, Inc. Reports Third Quarter 2016 Results

November 2, 2016 6:43 PM EDT

JOHNSON CITY, Tenn., Nov. 2, 2016 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the third quarter ended September 30, 2016. 

GAAP Results

Net sales for the third quarter of 2016 increased $50.2 million, or 32.4% to $205.0 million, compared to $154.8 million for the third quarter of 2015.  Acquisitions, net of divestitures added $55.2 million in revenue.  Sales in the legacy business were negatively impacted by $5.0 million due to weakness in the industrial end market.

On a GAAP basis, income from operations for the third quarter of 2016 was... More