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NN's Q1 Results: A Pivot Towards Higher-Value Work
Description
NNs Q1 results exceeded expectations, with $118.5M revenue and a profit of 2 cents per share, driven by high-margin work in data centers, defense, and the electric grid. The companys internal transformation and focus on new program launches are fueling growth. NN raised full-year revenue targets to $460M and EBITDA projections to $57M, aiming to maintain momentum in defense and medical projects. Investors await proof of sustained performance and successful management of material costs.
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