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NN ( (NNBR) ) just unveiled an update.
NN, Inc., a global industrial company, reported its Q3 2024 financial results, showcasing a strategic transformation with strong new business wins and operational efficiency improvements. Despite an 8.7% decrease in net sales due to divestitures and restructuring, the company is optimistic about 2025 sales growth, driven by cost reduction measures and strategic investments in high-return projects. NN’s focus on optimizing its business model includes selling non-core assets and refining its revenue and margin mix, particularly in the Mobile Solutions segment, while pursuing growth in Stamping and Medical markets.
Learn more about NNBR stock on TipRanks’ Stock Analysis page.
