NN NNBR Mobile Solutions — Effect on Future Earnings, Offset Amount
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Where this comes from
Reported directly by NN in its filing.
Tagged under the XBRL concept us-gaap:EffectOnFutureEarningsOffsetAmount.
The source filing: NN’s 10-Q, filed May 7, 2025.
- Filed
- May 7, 2025
- Fiscal quarter
- Q1 FY2025
- Calendar quarter
- Q1 2025
- Accession
- 0000918541-25-000062
We expect the facility closures and organizational changes to be completed in the first half of 2025. We estimate incurring $13.6 million in charges and once fully implemented, we expect to recognize annual benefits of approximately $5.4 million. We have recognized cumulative costs of $13.3 million, with $5.5 million recognized in the “Cost of sales” line, $1.3 million in the “Selling, general, and administrative expense” line, and $6.5 million in the “Other expense (income), net” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). All costs incurred have been recognized in the Mobile Solutions segment.
Item 1. Financial Statements
FAQ
- What is NN's mobile solutions — effect on future earnings, offset amount?
- NN (NNBR) reported mobile solutions — effect on future earnings, offset amount of $5.4M in Q1 2025.
- What does mobile solutions — effect on future earnings, offset amount mean?
- This represents the mitigating financial factors or cost-saving measures that partially offset the negative impact of specific events on the future earnings of the Mobile Solutions segment. It provides context on the company's ability to hedge or recover from operational disruptions. Understanding this helps in evaluating the net risk exposure of the segment.
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