NN Inc. (NASDAQ:NNBR) Q3 2019 Earnings Conference Call - Final Transcript
Nov 08, 2019 • 09:00 am ET
and direct labor efficiencies. We expect moderate sales growth during 2020 coming from both electrical and aerospace and defense, with continued margin expansion due to optimization of our facility footprint such as the closure of our Fairfield facility and continuous process improvement. Power will continue to generate significant free cash flow due to higher EBITDA margins and a low capital expenditure profile.
Lastly, we have summarized our guidance for the fourth quarter and the year on Page 18. As it relates to sales and EBITDA, the guidance is the same as previously announced on October 29. Sales for the fourth quarter are expected to be in the range of $190 million to $203 million, with an adjusted EBITDA range from $31 million to $36 million. We expect positive free cash flow of $12 million to $22 million, with an adjusted EPS of $0.12 to $0.18. Please note, these estimates assume the current debt structure remains in place through the end of this year. That concludes our prepared remarks, and we will now turn the call back to the operator for questions.