NN | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 103.88 M

Revenue: As of FY2025 Q3, the actual value is USD 103.88 M, missing the estimate of USD 111.77 M.

EPS: As of FY2025 Q3, the actual value is USD -0.23, missing the estimate of USD -0.155.

EBIT: As of FY2025 Q3, the actual value is USD 3.419 M.

Mobile Solutions Segment

• Net Sales: $59.1 million for the three months ended September 30, 2025, compared to $70.7 million for the same period in 2024, a decrease of $11.6 million or 16.4%.
• Loss from Operations: - $2.9 million for the three months ended September 30, 2025, compared to - $1.4 million for the same period in 2024, an increase of $1.4 million or 98.1%.
• Net Sales: $184.8 million for the nine months ended September 30, 2025, compared to $216.6 million for the same period in 2024, a decrease of $31.8 million or 14.7%.
• Loss from Operations: - $6.7 million for the nine months ended September 30, 2025, compared to - $5.2 million for the same period in 2024, an increase of $1.4 million or 27.6%.

Power Solutions Segment

• Net Sales: $44.9 million for the three months ended September 30, 2025, compared to $42.9 million for the same period in 2024, an increase of $2.0 million or 4.7%.
• Income from Operations: $5.4 million for the three months ended September 30, 2025, compared to $2.5 million for the same period in 2024, an increase of $2.9 million.
• Net Sales: $133.1 million for the nine months ended September 30, 2025, compared to $141.3 million for the same period in 2024, a decrease of $8.2 million or 5.8%.
• Income from Operations: $14.2 million for the nine months ended September 30, 2025, compared to $11.8 million for the same period in 2024, an increase of $2.4 million.

Cash Flow

• Net Cash Provided by Operating Activities: $7.1 million for the nine months ended September 30, 2025, compared to $4.4 million for the same period in 2024.
• Net Cash Used in Investing Activities: - $9.2 million for the nine months ended September 30, 2025, compared to $1.9 million provided in the same period in 2024.
• Net Cash Used in Financing Activities: - $5.3 million for the nine months ended September 30, 2025, compared to - $15.6 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: NN, Inc. plans to continue optimizing its footprint by closing underperforming facilities to reduce costs and improve operational efficiency. The company expects to recognize annual benefits of approximately $5.4 million from these actions.
• Non-Core Business: NN, Inc. completed the sale of its Lubbock operations for $17.0 million in cash, which was used to repay a portion of the outstanding borrowings under the Term Loan Facility.