2020-05-07 19:43:37 NNBR NN, Inc.
05/07/20 05/0719:43 05/07/2019:43 | NN, Inc. reports Q1 EPS 1c, consensus 0cReports Q1 revenue $199.7M, consensus $197.55M. Q1 adjusted EBITDA was $30.4M or 15.2% of sales vs. $33.8M or 15.9% of sales last year. Warren Veltman, CEO said, "In the face of COVID-19, its negative impact on our business and the continued uncertainty around the pandemic, NN has prioritized cash performance during the first quarter. As a result of a series of actions to improve financial flexibility and our liquidity, we significantly improved our free cash flow compared to the same period last year despite the impact of the global health crisis late in the quarter, while reducing days payable outstanding for our vendors. Moving forward, we will remain focused on continuing to improve our free cash flow and maintaining disciplined cash management." |
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