NN, Inc. (NNBR) Reports In-Line Q2 EPS

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NN, Inc. Reports Second Quarter 2018 Results

August 8, 2018 5:12 PM EDT

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 Recasting

As 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 Results

Net sales for the second quarter of 2018 increased $38.4 million, or 24%, to $196.3 million, compared to $157.9 million for the... More