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Third Quarter Revenues Up 3%, Earnings Per Share Up 15%
Nine Months Year-To-Date Revenues Up 9%, Earnings Per Share Up 33%
Johnson City, Tenn., November 1, 2005 ?NN, Inc. (Nasdaq: NNBR) today reported its financial results for the third quarter and nine months ended September 30, 2005. Net sales for the third quarter of 2005 were $75.0 million, up 2.9% from $72.9 million for the same period of 2004. Net income for the third quarter of 2005 totaled $2.6 million as compared to $2.2 million for the same period of 2004. Earnings per diluted share for the third quarter of 2005 were $0.15, up 15% from $0.13 per diluted share in third quarter 2004.
Net sales for the first nine months of 2005 were $245.5 million, up 8.7%, compared to $225.8 million for the same period of 2004. Net income for the first nine months of 2005 totaled $9.9 million as compared to $7.4 million for the same period of 2004. Earnings per diluted share for the first nine months of 2005 were $0.57, an increase of 33% from $0.43 per diluted share for the same period of 2004.
James H. Dorton, Vice President and Chief Financial Officer, commented,
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| PMEY50 bearing | 50 | 165 | 43 |
| RMEO50 bearing | 50 | 230 | 66.8 |