NN, Inc. (NNBR) Misses Q4 EPS by 2c, Misses on Revenue; Offers Guidance

NN, Inc. (NASDAQ: NNBR) reported Q4 EPS of ($0.10), $0.02 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $112.5 million versus the consensus estimate of $113.15 million.

2024 Outlook

Assuming a steady end-market demand outlook with the exception of the North America commercial vehicle market, the Company has provided a ranged outlook for the full year 2024 as follows:

Revenue in the range of $485 million to $510 million;
Adjusted EBITDA in the range of $47 million to $55 million;
Free cash flow in the range of $10 million to $15 million;
New business wins in the range of $55 million to $70 million; and
Net leverage below 3.0x.

For earnings history and earnings-related data on NN, Inc. (NNBR) click here.

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