NN, Inc. (NASDAQ: NNBR) reported financial results for the third quarter ended September 30, 2026, highlighting growth in net sales and adjusted EBITDA. The company also announced an upward revision to its full-year 2026 guidance.
For the third quarter of 2026, net sales were $131.1 million, an increase of 26.2% compared to $103.9 million in the prior year. This growth was driven by higher selling prices, reflecting the pass-through of increased raw material costs, higher volumes, and favorable foreign exchange effects. Adjusted EBITDA for the quarter was $18.5 million, representing a 49.7% increase from $12.4 million in the prior year.
The company reported a GAAP net loss of $4.6 million for the quarter, an improvement of $2.1 million compared to the prior year. Adjusted net income was $5.3 million, or $0.07 per diluted common share.
Performance was divided between the company’s Power Solutions and Mobile Solutions segments. Power Solutions net sales increased 40.6% to $63.2 million, with income from operations rising 69.4% to $9.2 million. Mobile Solutions net sales increased 15.3% to $68.2 million, with adjusted income from operations increasing 75.2% to $4.0 million.
Management highlighted a multi-step process to transform the balance sheet, including the payoff of preferred stock and a strategic equity raise. The company noted that it has secured $130 million of annualized new business awards on a trailing 12-month basis and is winning more than one new program per day.
NN, Inc. has raised its full-year 2026 guidance. Net sales are now expected to range between $480 million and $500 million, reflecting a 16% year-over-year growth at the midpoint. Adjusted EBITDA is expected to range between $64 million and $68 million, representing a 35% year-over-year growth at the midpoint. New business wins are expected to range between $110 million and $130 million.
The company will discuss these results during a quarterly investor conference call on October 29, 2026, at 9:00 a.m. ET.
