NN, Inc. (NNBR) Misses Q3 EPS by 7c
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NN, Inc. Reports Third Quarter 2016 Results
November 2, 2016 6:43 PM EDTJOHNSON CITY, Tenn., Nov. 2, 2016 /PRNewswire/ --Â NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the third quarter ended September 30, 2016.Â
GAAP Results
Net sales for the third quarter of 2016 increased $50.2 million, or 32.4% to $205.0 million, compared to $154.8 million for the third quarter of 2015. Acquisitions, net of divestitures added $55.2 million in revenue. Sales in the legacy business were negatively impacted by $5.0 million due to weakness in the industrial end market.
On a GAAP basis, income from operations for the third quarter of 2016 was... More
