NN, Inc. Posts Strong Q3 Results: Sales Growth and Profitability Increase
NN, Inc., a leading industrial company, has reported strong financial results for its third quarter (Q3) of 2026. The company's sales grew significantly, with net sales increasing by 26% year-over-year to $131 million.
In his opening remarks, Harold Bevis, President and Chief Executive Officer (CEO), emphasized the company's "great Q3" performance and highlighted its strong momentum into 2027. He noted that NN, Inc.'s Q3 net sales were up 19% over the same period in 2025, with adjusted EBITDA increasing by 40% year-over-year.
One of the key highlights of the quarter was the company's ability to secure $106 million of new business awards during the first nine months. This demonstrates NN, Inc.'s growing success in winning new business and expanding its market share. The CEO also expressed confidence in the company's prospects for the fourth quarter and beyond, stating that the momentum is building and setting up an even stronger 2027.
Chris Bohnert, Senior Vice President and Chief Financial Officer (CFO), provided further details on the company's financial performance. He noted that Q3 net sales were driven by higher selling prices reflecting increased raw material costs and higher volume. Year-to-date through the third quarter of 2026, net sales were $378.3 million, up $60.8 million or an improvement of 19% compared to the same period in 2025.
The company's adjusted EBITDA margin rates also showed significant growth, with a 50% increase year-over-year. This demonstrates NN, Inc.'s ability to improve its profitability and maintain strong margins despite increased costs.
In response to questions from investors, the CEO and CFO provided additional insights into the company's performance and prospects. They emphasized the importance of maintaining a long-term perspective and focusing on sustainable growth strategies that align with the company's core values.
Overall, NN, Inc.'s Q3 results demonstrate its continued success in achieving strong sales growth and improving profitability. The company's confidence in its prospects for the fourth quarter and beyond is also reassuring, indicating that it is well-positioned to maintain its momentum into 2027 and beyond.
