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SEC Filings

10-Q
NN INC filed this Form 10-Q on 08/14/2017
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Table of Contents

AUTOCAM PRECISION COMPONENTS GROUP

 

     Three Months Ended June 30,  
     2017      2016      Change         

Net sales

   $ 86,658      $ 82,991      $ 3,667     

Volume

              4,229  

Foreign exchange effects

              (77

Price/material inflation pass-through/mix

              (485

Income from operations

   $ 10,688      $ 7,770      $ 2,918     
  

 

 

    

 

 

    

 

 

    

Net sales increased by $3.7 million during the second quarter of 2017 from the second quarter of 2016 due to increased demand in the industrial market in the US and Asia and new automotive program launches in the US, Asia and Brazil.

The primary driver of the improvement in income from operations was a $2.1 million reduction in restructuring costs compared to the second quarter of 2016, primarily related to the closure of the Wheeling Plant in the prior year. The additional increase in income from operations was consistent with the increase in net sales.

PRECISION ENGINEERED PRODUCTS GROUP

 

     Three Months Ended June 30,  
     2017      2016      Change         

Net sales

   $ 71,289      $ 66,124      $ 5,165     

Volume

              5,819  

Foreign exchange effects

              (360

Price/material inflation pass-through/mix

              (294

Income from operations

   $ 10,600      $ 10,782      $ (182   
  

 

 

    

 

 

    

 

 

    

Net sales increased by $5.2 million during the second quarter of 2017 from the second quarter of 2016 primarily due to the overall improvement in demand across the medical end market and sales to new customers within the aerospace market.

The decrease in income from operations was primarily due to a shift in product mix.

 

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