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NN Cuts FY24 Revenue Outlook From $485M - $505M To $465M - $485M, Est $494.881M

Author: Benzinga Newsdesk | July 02, 2024 05:52pm

As a result of this portfolio divestiture and debt reduction and deleveraging transaction, NN is revising its full-year 2024 outlook modestly as follows:

Adjusted EBITDA will be in the range of $47 million to $51 million (prior $48 million to $54 million)
Free cash flow will be in the range of $8 million to $12 million (prior $10 million to $15 million)
New business wins will be in the range of $55 million to $70 million (prior $55 million to $70 million).

Posted In: NNBR