Enpro Inc

NPO

Equity

ISIN US29355X1072 / Valor 1426380

New York Stock Exchange, Inc (2025-03-13)

USD 169.38-0.64%

Enpro Inc
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About company

Enpro Inc is a diversified technology company that specializes in providing critical products and solutions across a broad spectrum of industries, including semiconductor, industrial process, life sciences, nuclear energy, space exploration, aerospace, food, pharma, and photonics. The company is recognized for its commitment to safety, excellence, and respect, which underpin its operations and product development. Enpro's offerings are designed to enhance safety, efficiency, and sustainability for its customers, while also addressing environmental protection concerns. Through its focus on leveraging leading-edge technological advancements, Enpro Inc plays a pivotal role in supporting the operational and strategic needs of its clients within these high-growth markets.

Summarized from source with an LLMView SourceSector: Industrials

Sales Growth

In the third quarter of 2024, Enpro Inc. reported sales of $260.9 million, marking a 4.1% increase compared to the same period in the previous year. This growth was driven by strategic pricing actions and strong performance in general industrial and aerospace markets, despite challenges in semiconductor capital spending and a decline in commercial vehicle OEM sales.

Income and Earnings

Enpro Inc.'s income from continuing operations, net of tax, was $19.8 million for the third quarter of 2024, a significant increase from $8.3 million in the prior-year period. The company's diluted earnings per share from continuing operations rose to $0.94, compared to $0.39 in the previous year, primarily due to improved operating performance in Sealing Technologies and lower income tax expenses.

Adjusted Financial Metrics

For the third quarter of 2024, Enpro Inc. reported an adjusted net income from continuing operations of $36.7 million, reflecting a 10.9% increase from the previous year. The adjusted diluted earnings per share also rose by 10.1% to $1.74. Additionally, the company's adjusted EBITDA increased by 11.1% to $64.1 million, driven by strong results in the Sealing Technologies segment.

Dividend and Share Repurchase

Enpro Inc. declared a regular quarterly dividend of $0.30 per share on October 31, 2024, payable on December 18, 2024. The company also announced a new share repurchase authorization of up to $50 million, replacing the previous authorization that expired. This program allows for repurchases in both open market and privately negotiated transactions until October 2026.

2024 Guidance Update

Enpro Inc. updated its guidance for the full year 2024, now expecting revenue to decline by low-single-digits compared to 2023. The company revised its expected adjusted EBITDA to a range of $250 million to $255 million and adjusted diluted earnings per share to a range of $6.75 to $7.00, reflecting a more prolonged recovery in semiconductor capital equipment spending than previously anticipated.

Summarized from source with an LLMView Source

Key figures

7.67%1Y

67.4%3Y

259%5Y

Performance

33.4%1Y

34.6%3Y

41.7%5Y

Volatility