The 2020 Mid-Year Economic Update_long

NN Sales Up 55% in 2Q

Year-to-date sales increased 57.1 percent year-over-year.

Bearings manufacturer NN Inc. (NASDAQ: NNBR), Johnson City, TN, reported second quarter sales of $164.9 million, a 55 percent increase over the same period a year ago. Profit grew 33.7 percent to $7 million.

For the first six months of 2015, sales were $328.6 million, a year-over-year increase of 57.1 percent. Profit increased 24 percent to $13 million.

"Excluding the macro-economic challenges in Brazil our businesses along with our financial results continue to meet our expectations for the year," said Richard Holder, president and CEO. "The acquisitions we've made since 2014 remain on or ahead of our stated integration and synergy targets for 2015."

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