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).
