Quarterly ResultMay 6, 2026, 05:27 PM
NN Inc. Q1 Net Sales $118.45M, Net Loss $(6.83)M
AI Summary
NN Inc. reported a 12.08% increase in net sales to $118.45 million for Q1 2026, up from $105.69 million in Q1 2025. Despite an improved operating loss, the company's net loss widened slightly to $(6.83) million, or $(0.25) per share, compared to $(6.69) million, or $(0.23) per share, in the prior year. The Power Solutions segment saw significant sales and operating income growth, while the Mobile Solutions segment also improved its operating loss.
Key Highlights
- Net sales increased 12.08% to $118.45 million in Q1 2026 from $105.69 million in Q1 2025.
- Net loss widened to $(6.83) million, or $(0.25) per share, from $(6.69) million, or $(0.23) per share.
- Loss from operations improved to $(2.06) million from $(4.79) million year-over-year.
- Power Solutions segment net sales grew 27.3% to $55.40 million in Q1 2026.
- Power Solutions segment operating income increased 108.3% to $6.30 million.
- Mobile Solutions segment net sales increased 1.4% to $63.11 million.
- Total debt increased to $170.36 million as of March 31, 2026, from $159.55 million.
- Borrowed $10.0 million on Delayed Draw Term Loans on January 29, 2026.
Price Impact
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