Sidoti Deck
Mobile Solutions: Q3'23 Highlights
Sales up 3.7%, or $2.8 million, from prior year
(+) Pricing
(+) Customer settlement in '23
(+) Foreign exchange effects
(-) Volume down ~$3 million
Profitability
(+) Customer settlement in ‘23
(+) Benefits of right-sizing indirect labor support
Current Focus & Looking Forward
Softer Q4 demand outlook over UAW strike impact
• New business wins performance is strong in China; focused on
improvements in North America and Europe
• Operating performance improvements:
Wellington stabilized
Juarez progressing and close to exiting multiple unprofitable contracts
NN
NN Inc., Sidoti Deck | November 2023
12022
2023
12022
2023
$76.1
$79.0
Third Quarter
Net Sales Trends
(millions)
$234.1
$225.5
Adjusted EBITDA Trends
(millions)
$9.5
$8.0
YTD
$28.3
$22.7
YTD
Third Quarter
15View entire presentation