NN, Inc. reported improvements in operating income, margin performance, free cash flow, and Power Solutions segment sales growth for the third quarter of 2025. The company is actively pursuing strategic value creation actions through an M&A program and equity refinancing initiative. Softness in global automotive markets led to the closure of a high-cost, unprofitable plant as part of NN’s 5-year plan. The company also saw a net sales decrease of 8.5% due to the rationalization of underperforming Mobile Solutions business and plants, and lower volumes, partially offset by higher precious metal pass-through pricing in the Power Solutions business. Adjusted gross margin improved to 18.8%, and adjusted operating income improved to $4.0 million. Adjusted EBITDA improved to $12.4 million, and free cash flow improved to $9.1 million. NN is adjusting its full-year 2025 guidance and expects an improving outlook in core markets for 2026. The company will discuss its results during a quarterly investor conference call on October 30, 2025.

Read more at GlobeNewswire: NN, Inc. Reports Third Quarter 2025 Results