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NN, Inc.(Nasdaq: NNBR) recently reported its financial results for the fourth quarter and year ended December 31, 2011. Net sales for the fourth quarter were $96.3 million, flat with $96.3 million for the comparable period of 2010. The positive impact of raw material pass through and price increases of $3.4 million were offset by unfavorable mix issues and foreign currency translation of $3.1 million. Decreased revenues of $7.7 million at our European operations due to the European economy were offset by increased demand for our products at the Precision Metals segment of $6.6 million and increased sales volumes at our China operations of the Metal Bearings segment of $1.0 million.
Reported net income for the fourth quarter of 2011 of $4.9 million, or $0.29 per diluted share, included $0.8 million net of tax non-operating foreign currency exchange gains on intercompany loans and $0.6 million in other non-operating income. Net income from normal operations in the fourth quarter of 2011 was $3.5 million, up 14%, or $0.21 per diluted share compared to net income from normal operations of $3.1 million, or $0.18 per diluted share for the same period in 2010.
Net sales for the full year of 2011 were $424.7 million, an increase of $59.3 million or 16% as compared to $365.4 million for the same period of 2010. Approximately $34.9 million of the increase was attributable to increased demand for NN
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 938/932 NACHI | 114.3 | 212.725 | 66.675 |
| 71450/71750 NACHI | 114.3 | 190.5 | 49.212 |