NN, Inc. (NNBR) Misses Q3 EPS by 7c, Revenues Miss
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NN, Inc. Reports Third Quarter 2018 Results
November 7, 2018 5:15 PM ESTCHARLOTTE, N.C., Nov. 7, 2018 /PRNewswire/ --Â NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the third quarter ended September 30, 2018.
GAAP Results
Net 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... More
