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Earnings Call Summary | NN Inc(NNBR.US) Q1 2024 Earnings Conference

Earnings Call Summary | NN Inc(NNBR.US) Q1 2024 Earnings Conference

業績電話會議摘要 | NN Inc (NNBR.US) 2024 年第一季度業績會議
富途資訊 ·  05/08 04:20  · 電話會議

The following is a summary of the NN, Inc. (NNBR) Q1 2024 Earnings Call Transcript:

以下是NN, Inc.(NNBR)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • NN, Inc. reported Q1 2024 net sales of $121.2 million and an operating loss of $4.8 million.

  • Adjusted EBITDA grew to $11.3 million, marking a 20% increase from $8.1 million in the previous year.

  • The company projects net sales between $485 million to $505 million and adjusted EBITDA between $48 million to $54 million for the year.

  • A total of $4.9 million was achieved through equipment sale leasebacks in Q1, and similar moves are planned throughout the year.

  • Interest expense for the first quarter was $5.4 million, primarily due to the term loan interest rate of 14.3%.

  • NN, Inc.報告稱,2024年第一季度淨銷售額爲1.212億美元,營業虧損爲480萬美元。

  • 調整後的息稅折舊攤銷前利潤增至1,130萬美元,較去年的810萬美元增長了20%。

  • 該公司預計,該年度的淨銷售額在4.85億美元至5.05億美元之間,調整後的息稅折舊攤銷前利潤在4,800萬美元至5400萬美元之間。

  • 第一季度通過設備銷售回租共實現了490萬美元,並計劃在全年採取類似的舉措。

  • 第一季度的利息支出爲540萬美元,這主要是由於定期貸款利率爲14.3%。

Business Progress:

業務進展:

  • NN, Inc. won new businesses worth $17 million in Q1 2024, approximately three times the market growth rate.

  • Three of the seven underperforming plants are now profitable, while the rest are expected to profit also by the end of the year.

  • Planned improvements for these underperforming plants extend into 2025.

  • The firm is focusing on a strategic pipeline of approximately $550 million for growth.

  • CapEx spending is capped at around $20 million, with plans to expand based on successful product launches.

  • The firm is leveraging existing capacity after winning new contracts and expects to launch about 40 new programs in the next two to three quarters.

  • Growth in the China-based business is primarily coming from expansion into adjacent markets in collaboration with the top 50 Original Equipment manufacturers (OEs), accounting for a third of its total expansion plans.

  • NN, Inc. 在2024年第一季度贏得了價值1700萬美元的新業務,大約是市場增長率的三倍。

  • 七座表現不佳的工廠中有三座現已盈利,其餘工廠預計也將在年底前盈利。

  • 這些表現不佳的工廠的計劃改善將持續到2025年。

  • 該公司正專注於約5.5億美元的戰略發展渠道,以實現增長。

  • 資本支出上限爲2000萬美元左右,計劃在產品成功發佈的基礎上進行擴張。

  • 該公司在贏得新合同後正在利用現有產能,並預計將在未來兩到三個季度內啓動約40個新項目。

  • 中國業務的增長主要來自與前50名原始設備製造商(OE)合作向鄰近市場的擴張,佔其總擴張計劃的三分之一。

More details: NN Inc IR

更多詳情: NN Inc IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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