NN Inc. is a global manufacturer and supplier of high-precision components and assemblies that serve various markets, including automotive, industrial, and medical sectors
The company specializes in the production of engineered products, such as bearings and other critical components, which are essential for the performance and reliability of various machinery and systems. Through its advanced manufacturing techniques and commitment to innovation, NN Inc. aims to provide customized solutions that meet the specific needs of its diverse clientele, ensuring high quality and efficiency in every product they deliver.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 7.2% has trailed the S&P 500’s 9.5% gain.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including ESCO (NYSEESE) and its peers.
Shares of industrial components supplier NN (NASDAQNNBR) jumped 20.2% in the morning session after the company reported impressive preliminary guidance, with full-year 2024 new business wins expected to exceed the high end of its previous forecast. Management added, "We will continue this pace of new business acquisition into 2025 and 2026 and have a $720 million pipeline to support it. 2025 is off to a great start with the simultaneous launch of fifty [50] new programs during the first quarter."
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including Timken (NYSETKR) and its peers.
NN trades at $3.38 and has moved in lockstep with the market. Its shares have returned 12.7% over the last six months while the S&P 500 has gained 8.8%.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at NN (NASDAQNNBR) and the best and worst performers in the engineered components and systems industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including Gates Industrial Corporation (NYSEGTES) and its peers.
Looking back on engineered components and systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Graham Corporation (NYSEGHM) and its peers.
Let’s dig into the relative performance of Worthington (NYSEWOR) and its peers as we unravel the now-completed Q3 engineered components and systems earnings season.
NN (NASDAQNNBR) is a leader in precision manufacturing, creating high-quality components that are used in everyday products across industries. The company will be presenting alongside world-class headliners such as Zack Kass, former Head of Go-To-Market at OpenAI where ChatGPT was created, and “Shark Tank” stars Kevin O’Leary, Robert Herjavec, and Daymond John.
Industrial components supplier NN (NASDAQNNBR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 8.7% year on year to $113.6 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $475 million at the midpoint. Its GAAP loss of $0.13 per share was 29.1% above analysts’ consensus estimates.
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry.
The first add-on acquisition for Blackford portfolio company Davalor Mold Company, IMC delivers a significant expansion in industrial precision injection molded product capabilities
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry.
Companies Reporting Before The Bell • Ballard Power Systems (NASDAQBLDP) is estimated to report quarterly loss at $0.13 per share on revenue of $34.20 million.
