NN(NNBR) - 2025 Q3 - Quarterly Results

FOR IMMEDIATE RELEASE • Net sales of $103.9 million, down 8.5%; Power Solutions grew 4.7%, and Mobile Solutions declined 16.4%. ◦ Proforma net sales down 4.4% after accounting for rationalization of unprofitable business. • Gross margin improved to $17.5 million (16.8% of sales) and adjusted gross margin improved to $19.6 million (18.8% of sales), up from $16.5 million (14.5%) and $18.6 million (16.3%), respectively, due to net sales growth in Power Solutions, and a successful continuous improvement cost-re ...