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NN Inc Beats on Earnings and Revenue

Posted by on May 3, 2017 7:00 PM
Tags: , , , ,
Categories: Stocks

May 03, 2017: NN Inc reports Q1 EPS of $0.47 versus the $0.42 estimate. Revenue also beat coming in at $226.3 million versus the $216 million estimate.

The CEO Richard D. Holder said, “We are pleased with our first quarter performance. Sales grew organically in all three groups for the second consecutive quarter, driven largely by new programs in our medical and aerospace end markets. Additionally, we saw our industrial markets continue to normalize. Finally, we continue to see improvements in our operating performance year over year driven by the NN Operating System.”

December 21, 2016: Lake Street Capital Markets initiates coverage of NN Inc with a Buy rating.

NN Inc Stock Chart

NN, Inc. is a leading global manufacturer of high precision metal and plastic components and assemblies. Founded in 1980, the company is headquartered in Johnson City, Tennessee. With over 5,400 employees at our 40 manufacturing facilities in North America, South America, Eastern Europe, Western Europe, and Asia, we proudly serve customers around the globe with high-quality precision solutions.