NN (NASDAQ:NNBR) Reports Sales Below Analyst Estimates In Q1 Earnings, Stock Drops 11.5%
Industrial components supplier NN (NASDAQ:NNBR) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 12.8% year on year to $105.7 million. The company's full-year revenue guidance of $445 million at the midpoint came in 2% below analysts' estimates. Its GAAP loss of $0.23 per share was 15% below analysts' consensus estimates.
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NN (NNBR) Q1 CY2025 Highlights:
Revenue: $105.7 million vs analyst estimates of $109.7 million (12.8% year-on-year decline, 3.7% miss)
EPS (GAAP): -$0.23 vs analyst expectations of -$0.20 (15% miss)
Adjusted EBITDA: $10.58 million vs analyst estimates of $11.73 million (10% margin, 9.8% miss)
The company dropped its revenue guidance for the full year to $445 million at the midpoint from $465 million, a 4.3% decrease
EBITDA guidance for the full year is $58 million at the midpoint, above analyst estimates of $53.16 million
Operating Margin: -4.5%, in line with the same quarter last year
Free Cash Flow was -$7.25 million compared to -$4.75 million in the same quarter last year
Market Capitalization: $94 million
'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, President and Chief Executive Officer of NN.
Company Overview
Formerly known as Nuturn, NN (NASDAQ:NNBR) provides metal components, bearings, and plastic and rubber components to the automotive, aerospace, medical, and industrial sectors.
Sales Growth
Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. NN struggled to consistently generate demand over the last five years as its sales dropped at a 1.3% annual rate. This wasn't a great result and suggests it's a low quality business.
NN Quarterly Revenue
Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. NN's recent performance shows its demand remained suppressed as its revenue has declined by 5% annually over the last two years.
NN Year-On-Year Revenue Growth
This quarter, NN missed Wall Street's estimates and reported a rather uninspiring 12.8% year-on-year revenue decline, generating $105.7 million of revenue.
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