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NN Inc (NNBR)
NASDAQ:NNBR
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -32.40%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong performance in China and successful new business wins, alongside significant debt reduction. However, challenges remain with market slowness in North America and unfavorable mix in Power Solutions affecting margins.Company Guidance
During the NN, Inc. Third Quarter 2024 Earnings Call, the executives provided guidance emphasizing several key metrics and strategic initiatives. They reported a 19% increase in sales for their China operations and highlighted a goal of achieving over 10% adjusted EBITDA for their North American mobile business by 2025. The company has successfully transitioned its legacy auto business to be more balanced with China production, resulting in record sales and profits. The new business win program has accumulated over $100 million in new wins over the past 21 months, with October's performance aligning with these goals. Additionally, NN, Inc. is focused on refinancing its asset-based lending (ABL) and term loan to enhance operational and financial flexibility, aiming to support future growth initiatives. The company's leverage has improved, dropping from 3.9x to just under 3x since Q2 2023, following strategic divestitures like the sale of their Lubbock plant, which contributed to paying down debt. Overall, they maintain their 2024 outlook, projecting continued efficiency improvements and year-over-year sales growth beginning in 2025.Record Growth in China
Achieved record sales and profits in China with a 19% increase in capacity compared to the previous year.
New Business Wins
Secured over $100 million in new business wins over the past 21 months, with $11.5 million in the third quarter alone.
Debt Reduction
Successfully reduced leverage from 3.9x in Q2 2023 to just under 3x in Q3 2024, aided by divestitures.
Progress in Underperforming Plants
Significant improvement in the Group of 7 plants, reducing EBITDA loss from $8.4 million last year to $0.8 million this year.
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NNBR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NNBR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $3.92 | $3.15 | -19.64% |
| Aug 07, 2024 | $3.32 | $3.37 | +1.51% |
| May 06, 2024 | $3.80 | $3.42 | -10.00% |
| Mar 11, 2024 | $5.07 | $4.16 | -17.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NN Inc (NNBR) report earnings?
NN Inc (NNBR) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is NN Inc (NNBR) earnings time?
NN Inc (NNBR) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NNBR EPS forecast?
NNBR EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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