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NN, Inc. Reports Fourth Quarter and Full Year 2024 Results

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NN is tracking on pace with its 5-year sales growth and diversification goals and has delivered a 2-year new business wins total of $136 million. The Company has won $13 million in new wins in 2025 YTD and remains on pace with its business development efforts.
NN Inc., a diversified industrial company, announced its financial results for the fourth quarter and full year of 2024. The company reported a slight increase in net sales for the fourth quarter, reaching $123.5 million, up from $122.3 million in the same period of the previous year. However, the full-year net sales decreased to $492.3 million from $501.8 million in 2023. Despite the annual sales decline, NN Inc. managed to improve its adjusted EBITDA for the fourth quarter to $13.5 million, compared to $12.1 million in the prior year's quarter, reflecting better operational efficiency and cost management. The company also highlighted progress in its strategic initiatives, including debt reduction and operational restructuring, aimed at enhancing long-term profitability and shareholder value. CEO Harold Bevis expressed cautious optimism about the company's direction, emphasizing ongoing efforts to streamline operations and focus on high-margin opportunities.

Read the Full manilatimes Article at:
[ https://www.manilatimes.net/2025/03/06/tmt-newswire/globenewswire/nn-inc-reports-fourth-quarter-and-full-year-2024-results/2068129 ]