NN, Inc. (NNBR) Tops Q1 EPS by 6c

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Go back to NN, Inc. (NNBR) Tops Q1 EPS by 6c

NN, Inc. Reports First Quarter 2019 Results

May 9, 2019 5:09 PM EDT

CHARLOTTE, N.C., May 9, 2019 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2019.

GAAP Results

First Quarter

Net sales for the first quarter of 2019 increased $44.1 million, or 26.1%, to $213.3 million, compared to $169.1 million for the first quarter of 2018. Growth was driven by $55.2 million from acquisitions, partially offset by lower organic volume of $8.0 million and unfavorable foreign currency impacts of $2.8 million.

On a GAAP basis, income from operations for the first quarter of 2019... More