NN(NNBR) - 2023 Q3 - Earnings Call Presentation

9 Power Solutions: Q3'23 Highlights Sales down 11.0%, or $5.6 million, from prior year (−) Volume down ~$8 million − Auto component sales primarily due to two key customers losing market share − General industrial component sales due to lower market capital spending in the increasing interest rates environment − Aerospace and defense sales down as a result of Irvine, CA and Taunton, MA facilities closures and business exits Profitability (+) Rationalized unprofitable business within Taunton, MA facility (+) ...