NN, Inc. (NNBR) Tops Q2 EPS by 8c
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NN, Inc. Reports Second Quarter 2020 Results
August 6, 2020 5:00 PM EDTCHARLOTTE, N.C., Aug. 6, 2020 /PRNewswire/ --Â NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the second quarter ended June 30, 2020.
GAAP Results
Net sales for the second quarter of 2020 decreased $71.2 million, or 32.1%, to $150.4 million, compared to $221.7 million for the second quarter of 2019, driven by a decline in organic volume of $69.9 million, as a result of lower demand due to the COVID-19 pandemic within the orthopaedic, global automotive, electrical products, and oil and gas end markets, along with unfavorable foreign exchange effects of... More
