NN, Inc. reports Q1 adjusted EPS (3c), consensus (4c)

Reports Q1 revenue $105.7M, consensus $109.7M. “NN marked another quarter of solid steps forward across key areas of our transformation, and our results for the quarter have kept us on track with our full-year outlook and five-year plan. Our strategic and transformation-led progress was highlighted by growth and new wins in targeted markets, including stamped, medical, and electrical products, as well as high-value automotive” said Harold Bevis, CEO of NN, Inc. (NNBR) “Our commercial growth agenda captured $16.4M of new business wins in the quarter, progress that has kept the company on pace to meet its aggressive multi-year sales growth target.”