Quarterly ResultAug 5, 2026, 04:49 PM
NN, Inc. Q2 Net Sales Up 19.3% to $128.7M; Net Loss Reduced by 72%
AI Summary
NN, Inc. reported a significant improvement in its financial performance for the second quarter of 2026, with net sales increasing by 19.3% to $128.7 million and net loss reducing by 72% to $2.3 million. The company achieved positive operating income of $1.0 million for the quarter, a notable turnaround from a loss in the prior year. Cash flow from operating activities also saw substantial improvement year-to-date, though long-term debt increased and the Mobile Solutions segment continued to report an operating loss.
Key Highlights
- Q2 2026 net sales increased 19.3% to $128.7 million compared to Q2 2025.
- Q2 2026 net loss significantly reduced by 72% to $2.3 million from $8.1 million in Q2 2025.
- Q2 2026 income from operations turned positive at $1.0 million, up from a $1.5 million loss in Q2 2025.
- Power Solutions segment net sales grew 39.5% to $62.3 million in Q2 2026.
- Net cash provided by operating activities improved to $11.8 million for YTD 2026.
- Long-term debt, net of current maturities, increased to $163.2 million as of June 30, 2026.
- Assets held for sale from the Mobile Solutions plant totaled $1.0 million as of June 30, 2026.
Price Impact
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