Overview
NN Q3 net sales decline 8.5%, missing analyst expectations
Adjusted loss per share for Q3 misses analyst expectations
Adjusted net loss for Q3 beats analyst expectations
Outlook
NN expects 2025 net sales between $420 mln and $440 mln
Company maintains 2025 adjusted EBITDA guidance at $53 mln to $63 mln
NN forecasts 2026 net sales growth and improved profitability
Result Drivers
POWER SOLUTIONS GROWTH - Segment grew 4.7% due to higher precious metal pass-through pricing
COST REDUCTION - Improved margins and operating income attributed to cost reduction initiatives
MOBILE SOLUTIONS RATIONALIZATION - Decline in sales due to rationalization of underperforming business and plants
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $103.9 mln | $111.77 mln (4 Analysts) |
Q3 Adjusted EPS | Miss | -$0.01 | $0.00667 (3 Analysts) |
Q3 Adjusted EBITDA | Miss | $12.4 mln | $13.31 mln (4 Analysts) |
Q3 Adjusted Income from Operations | $4 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for NN Inc is $6.00, about 68.7% above its October 28 closing price of $1.88
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 38 three months ago
Press Release: ID:nGNXNtBqF
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)