Quarterly ResultMay 6, 2026, 05:22 PM
NN Q1 Sales Up 12.1% to $118.5M; Raises Full-Year Guidance
AI Summary
NN, Inc. reported strong first-quarter 2026 results, exceeding expectations with net sales up 12.1% to $118.5 million and adjusted EBITDA increasing 33.0% to $14.1 million. The company raised its full-year 2026 guidance for net sales to $450-$470 million and adjusted EBITDA to $52-$62 million, reflecting robust growth and operational improvements. Additionally, NN accelerated its long-term target achievement by one year to 2029, driven by strategic growth in Electric Grid & Data Center, Defense & Electronics, and Medical end-markets.
Key Highlights
- Q1 2026 Net sales increased 12.1% to $118.5 million.
- Q1 2026 Adjusted EBITDA increased 33.0% to $14.1 million.
- Full-year 2026 net sales guidance raised to $450-$470 million, 9% growth at midpoint.
- Full-year 2026 adjusted EBITDA guidance raised to $52-$62 million, 16% growth at midpoint.
- New business wins target increased to $80-$90 million, 14% growth.
- Long-term goal attainment accelerated by one year to 2029.
- Power Solutions Q1 net sales rose 27.3% to $55.4 million.
- Mobile Solutions Q1 net sales increased 1.4% to $63.1 million.