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Wed, March 5, 2025
[ Wed, Mar 05th ] - manilatimes
NN, Inc. Reports Fourth Quarter and Full Year 2024 Results
[ Wed, Mar 05th ] - manilatimes
Prenetics Announces Fourth Quarter and Full Year 2024 Financial Results, Provides 2025 Guidance
Tue, March 4, 2025
[ Tue, Mar 04th ] - manilatimes
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Mon, March 3, 2025
[ Mon, Mar 03rd ] - manilatimes
eQ Plc has released the 2024 Annual Report and the Remuneration Policy for Governing Bodies
Sun, March 2, 2025
[ Sun, Mar 02nd ] - manilatimes
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[ Sun, Mar 02nd ] - manilatimes
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Sat, March 1, 2025
[ Sat, Mar 01st ] - manilatimes
SIMPPLE Ltd. Announces Transition of Chief Financial Officer
Fri, February 21, 2025
[ Fri, Feb 21st ] - manilatimes
BIR, Customs collections higher in January - Recto
Wed, February 19, 2025
[ Wed, Feb 19th ] - manilatimes
Enlight Renewable Energy Reports Fourth Quarter and Full Year 2024 Financial Results
Mon, February 17, 2025
[ Mon, Feb 17th ] - manilatimes
Spectrotel Announces Key Executive Appointments: .. ef Financial Officer and Chief Technology Officer
Wed, February 12, 2025
[ Wed, Feb 12th ] - manilatimes
Ascendis Pharma Reports Fourth Quarter and Full Year 2024 Financial Results
Tue, February 11, 2025
[ Tue, Feb 11th ] - manilatimes
LM Funding America Announces January 2025 Production and Operational Update
Tue, January 21, 2025
[ Tue, Jan 21st ] - manilatimes
Taxation: Evaluating progress and addressing challenges
Wed, January 8, 2025
[ Wed, Jan 08th ] - manilatimes
eQ Community Properties Fund acquired properties from Ilmarinen
Sat, December 28, 2024
[ Sat, Dec 28th 2024 ] - manilatimes
Ending the year strong and proud
Thu, December 26, 2024
[ Thu, Dec 26th 2024 ] - manilatimes
Hyperscale Data Completes $50 Million of the Aggr .. n Preferred Equity Investment from Ault & Company
Tue, December 24, 2024
[ Tue, Dec 24th 2024 ] - manilatimes
Xinhua Silk Road: Chinese securities firm Guotai Junan's MSCI ESG rating upgraded to AAA
[ Tue, Dec 24th 2024 ] - manilatimes
Thailand Shines at ACES Awards 2024: Celebrating .. Sustainability, and Innovation Across Industries
Wed, December 18, 2024
[ Wed, Dec 18th 2024 ] - manilatimes
Broad Arrow Delivers 75% Year-Over-Year Growth in .. ons Across Auctions, Private Sales, and Financing

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


Published on 2025-03-05 18:00:51 - manilatimes
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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 ]