NN, Inc. Reports Fourth Quarter And Full Year 2020 Results
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NN, Inc. (NNBR) Tops Q4 EPS by 22c, Revenues Beat
March 11, 2021 4:35 PM ESTNN, Inc. (NASDAQ: NNBR) reported Q4 EPS of $0.17, $0.22 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $119 million versus the consensus estimate of $108.81 million.
Net sales increased $8.3 million, or 7.5%, to $119.0 million, compared to $110.7 million for the fourth quarter of 2019, driven primarily by 11.8% growth in Mobile Solutions net sales and a 0.8% increase in Power Solutions net sales.GAAP operating loss was reduced by 90.4% to $1.0 million from an operating loss of $10.1 million in the fourth quarter of... More