NN, Inc. (NNBR) Tops Q1 EPS by 2c
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NN, Inc. Reports Strong Sales Growth And Improved Operating Margins For First Quarter 2021
May 6, 2021 4:30 PM EDTCHARLOTTE, N.C., May 6, 2021 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the first quarter ended March 31, 2021.
GAAP Results
Net sales for the first quarter of 2021 increased $10.6 million, or 9.1%, to $126.8 million, compared to $116.2 million for the first quarter of 2020, led by strong sales from Mobile Solutions, which increased 11.3%.
On a GAAP basis, income from operations for the first quarter of 2021 was $1.0 million, compared to loss from operations of $103.9 million for the same period in 2020. In the first... More
