HVAC End-Market Weakness Impacts Whirlaway

NN, Inc. reports significant sales weakness in its Whirlaway division due to negative factors in the HVAC and diesel engine end markets. The HVAC segment is specifically impacted by customer inventory build ahead of a new energy regulation (13 SEER) and the slowdown in new home construction.

“The sales weakness in the Precision Metal Components Division is principally a result of negative factors in two major end markets, HVAC and diesel engine. Sales to these end markets for the full year are now forecasted to be $12.0 million less than we originally planned for 2007. The HVAC segment has been impacted dramatically by two factors; customer inventory build in advance of the compliance date of a new energy regulation (“13 SEER”) and the continuing slowdown of new home construction.”

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