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.
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