NN, Inc. (NNBR) Misses Q4 EPS by 10c, Offers Guidance
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NN, Inc. Reports Financial Results For Fourth Quarter and Full Year 2022
March 9, 2023 4:30 PM ESTFourth quarter net sales increased 6.9% over the prior year; Provides Outlook for 2023
CHARLOTTE, N.C., March 09, 2023 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that manufactures high-precision components and assemblies, today reported its financial results for the fourth quarter and full year ended December 31, 2022.
Warren Veltman, President and Chief Executive Officer, said, Our fourth-quarter results were adversely impacted by non-material inflationary cost increases, ongoing supply chain interruptions, especially in China, and product launch inefficiencies in certain North America facilities. We have taken action to address these issues through... More
