Sidoti Deck
2023 Outlook: Transformation Taking Place
Outlook Reflects:
Net sales mid-point slightly lower, will continue to fix or
shed unprofitable business
■ Adjusted EBITDA mid-point slightly lower, in line with
volume
■ Free cash flow mid-point raised based on strong Q3'23
performance
Outlook Drivers/Assumptions:
■ Stable demand within legacy business but softer Q4
demand outlook over UAW strike impact
(millions)
2023
Outlook
Net Sales
$487 - $497
Adjusted EBITDA
$40 - $44
■ Positive impact due to cost reduction activities and
unprofitable business corrective actions
Free Cash Flow
$10-$14
■ Increased new business prospecting activities in
targeted areas
■ Turning the corner to be a consistent and positive FCF
generating business
NN
NN Inc., Sidoti Deck | November 2023
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