NN, Inc. (NNBR) Tops Q3 EPS by 1c
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NN, Inc. Reports Financial Results For Third Quarter 2021
November 4, 2021 4:30 PM EDTCHARLOTTE, N.C., Nov. 4, 2021 /PRNewswire/ --Â NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the third quarter ended September 30, 2021.
GAAP Results
Net sales for the third quarter of 2021 increased $3.5 million, or 3.1%, to $117.2 million compared to $113.8 million for the third quarter of 2020. The increase in sales from prior year is attributable to continued recovery from the COVID-19 pandemic in Power Solutions, which was partially offset by the semiconductor chip shortage impact on Mobile Solutions sales. Third quarter Power Solutions sales increased 12.1% and Mobile... More
