NN, Inc. (NNBR) Reports In-Line Q4 EPS
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NN, Inc. Reports Fourth Quarter & Full Year 2016 Results
March 1, 2017 5:32 PM ESTJOHNSON CITY, Tenn., March 1, 2017 /PRNewswire/ --Â NN, Inc., (NASDAQ: NNBR), a diversified industrial company, today reported its financial results for the fourth quarter and the year ended December 31, 2016.Â
GAAP Results
Fourth Quarter
Net sales for the fourth quarter of 2016 increased $18.2 million, or 10% to $202.0 million, compared to $183.9 million for the fourth quarter of 2015. Acquisitions, net of divestitures, added $11.6 million in revenue. Sales grew organically by $6.6 million.
On a GAAP basis, income from operations for the fourth quarter of 2016 was $11.6 million, compared to negative... More
