The 2020 Mid-Year Economic Update_long

NN Sales Up 10.8% in Second Quarter

During the quarter, NN agreed to acquire Autocam Corp., a manufacturer of fuel system components.

Bearings manufacturer NN Inc. (NASDAQ: NNBR), Johnson City, TN, reported second-quarter sales of $106.7 million, a 10.8 percent increase over the same period a year ago. Profit grew 8 percent to $5.2 million.

For the first six months of 2014, sales were $209.2 million, a year-over-year increase of 10 percent. Profit 37 percent to $10.4 million.

“The strong sales momentum that began in 2013 continued into the second quarter of this year,” said Richard Holder, president and CEO. “We again benefited from sustained growth, share gains and product expansion in our Asian and European markets. Sales in North America were in line with our markets.”

NN also agreed to acquire Autocam Corp.,  Grand Rapids, MI, a manufacturer of components for fuel systems, engines and transmission, power steering and electric motors.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.