Earnings ·
NN reports Q3 net sales of $131.1M, raises full-year guidance to $480-$500M
NNBRNN Inc
NN Inc. reported third-quarter net sales of $131.1 million, a 26.2% increase from the prior year period, driven by higher volumes and favorable foreign exchange effects. Adjusted EBITDA rose 49.7% to $18.5 million, while adjusted net income improved to $5.3 million compared to a loss in the previous quarter. The company raised its full-year 2026 guidance, projecting net sales between $480 million and $500 million and adjusted EBITDA of $64 million to $68 million. Management cited strong momentum in data center, defense, and medical markets, along with a completed balance sheet transformation that eliminated preferred stock obligations. NN Inc. is an entrepreneurial manufacturing company specializing in precision metal componentry for high-growth end markets.