Workflow
EnPro Industries(NPO)
icon
Search documents
EnPro Industries(NPO) - 2024 Q1 - Quarterly Report
2024-05-08 13:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) ENPRO INC. (Exact name of registrant, as specified in its charter) _____________________________________ North Carolina 01-0573945 (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.) 5605 Carnegie Boulevard Suite 500 Charlotte North Carolina 28209 (Address of principal executive offices) (Zip Code) (704) 731-1500 (Registrant's telephone number ...
EnPro Industries(NPO) - 2024 Q1 - Earnings Call Transcript
2024-05-07 17:35
Enpro Inc. (NYSE:NPO) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants James Gentile ??? Vice President-Investor Relations Eric Vaillancourt ??? President and Chief Executive Officer Milt Childress ??? Executive Vice President Joe Bruderek ??? Executive Vice President and Chief Financial Officer Conference Call Participants Jeff Hammond ??? KeyBanc Capital Markets Steve Ferazani ??? Sidoti & Co. Isaac Sellhausen ??? Oppenheimer Operator Hello, and welcome to the Enpro Q1 2024 Ear ...
EnPro Industries(NPO) - 2024 Q1 - Earnings Call Presentation
2024-05-07 13:59
| --- | --- | --- | |------------------------------------|-------|-------| | | | | | | | | | First Quarter 2024 Earnings Review | | | | May 7, 2024 | | | Forward-Looking Statements Statements in this presentation that express a belief, expectation or intention, including the 2024 guidance and other statements that are not historical fact, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They involve a number of risks and uncertainties that may cause actual events an ...
Enpro (NPO) Q1 Earnings Surpass Estimates
Zacks Investment Research· 2024-05-07 12:41
Enpro (NPO) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.95%. A quarter ago, it was expected that this industrial products maker would post earnings of $1.47 per share when it actually produced earnings of $1.19, delivering a surprise of -19.05%.Over the last four quarters, the c ...
EnPro Industries(NPO) - 2024 Q1 - Quarterly Results
2024-05-07 11:21
Exhibit 99.1 News Release Enpro Reports First Quarter 2024 Results First Quarter 2024 Highlights (All results reflect comparisons to prior-year period, from continuing operations, unless otherwise noted) (*Non-GAAP measure. See the attached schedules for adjustments and reconciliations of historical measures to GAAP measures) CHARLOTTE, NC, May 7, 2024 -- Enpro Inc. (NYSE: NPO) today announced its financial results for the three months ended March 31, 2024. "We began the year with strong profitability in Se ...
EnPro Industries(NPO) - 2023 Q4 - Annual Report
2024-02-27 17:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-K _____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-31225 _____________________________________________________ EN ...
EnPro Industries(NPO) - 2023 Q4 - Earnings Call Transcript
2024-02-20 17:36
Financial Data and Key Metrics Changes - Enpro reported adjusted EBITDA of $238 million for 2023, with total margins at 22.5% despite challenges in the semiconductor market [6][8] - Fourth quarter adjusted EBITDA was $46.9 million, a decrease of approximately 12% year-over-year, with an adjusted EBITDA margin of 18.8%, down 80 basis points [8][47] - Adjusted diluted earnings per share for the fourth quarter was $1.19, reflecting an 8.5% decrease compared to the prior year [47] Segment Performance Changes - Sealing Technologies sales were $147 million in the fourth quarter, down 6.3%, impacted by declines in commercial vehicle OEM sales and softness in various markets [9][19] - Advanced Surface Technologies (AST) sales for the fourth quarter were $102.1 million, a decrease of 11.5% year-over-year, primarily due to weakness in semiconductor capital equipment spending [20][42] - Adjusted segment EBITDA for Sealing Technologies decreased approximately 21% compared to the prior year, with a margin of 22.4% [49] Market Data and Key Metrics Changes - The commercial vehicle market is expected to see a 25% decline in trailer builds in 2024, affecting OEM demand [54] - The semiconductor market is anticipated to recover, with expectations of a near doubling by the end of the decade [16][55] - The aftermarket segment is expected to remain strong, benefiting from increased maintenance demand as OEM builds decline [93] Company Strategy and Industry Competition - Enpro's strategy includes technological differentiation, vertical integration, and regional expansion, particularly in the semiconductor sector [16][22] - The acquisition of Advanced Micro Instruments (AMI) is expected to enhance capabilities in compositional analysis and broaden the Sealing Technologies segment [43][108] - The company aims to maintain a disciplined focus on profitability while investing in growth opportunities across various segments [100] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the semiconductor market recovery, indicating that the first quarter of 2024 may represent the bottom of the decline [24][55] - The company expects total sales growth in the low to mid-single digits for 2024, with adjusted EBITDA projected between $260 million and $280 million [23][27] - Management noted that pricing power may not be as strong in 2024 due to moderating inflation compared to previous years [104] Other Important Information - Free cash flow for 2023 was over $174 million, significantly up from about $77 million in the prior year [50] - Capital expenditures for 2024 are expected to be around $60 million, focusing on growth investments in Advanced Surface Technologies [52][86] - The company celebrated a 59% reduction in total recordable incident rate and a 47% reduction in lost time case rate for safety achievements in 2023 [7] Q&A Session Summary Question: Clarification on organic growth guidance and AMI inclusion - Management clarified that AMI's contribution is included in the EBITDA guidance, with expectations of flat organic growth excluding AMI and AST [33][34] Question: Performance expectations for the aftermarket segment - The aftermarket is expected to remain strong, with pricing power holding steady despite OEM declines [93] Question: Insights on the semiconductor market recovery - Management noted early signs of recovery in the semiconductor market, with expectations for a gradual improvement [62][80] Question: Capital expenditures and growth investments - The increase in capital expenditures is attributed to geographic expansion and facility upgrades, particularly in Arizona and Asia [86][87] Question: Long-term margin expectations for Sealing Technologies - Long-term margins are expected to remain around 28%, depending on industry mix and volume [110]
EnPro Industries(NPO) - 2023 Q4 - Earnings Call Presentation
2024-02-20 17:09
Forward-Looking Statements Full-year guidance is subject to the risks and uncertainties referred to above and excludes changes in the number of shares outstanding, changes in long-term compensation expense due to changes in our common stock price, impacts from future and pending acquisitions, dispositions and related transaction costs, restructuring costs, incremental impacts of tariffs and trade tensions on market demand and costs subsequent to year end, and the impact of foreign exchange rate changes subs ...
EnPro Industries(NPO) - 2023 Q3 - Earnings Call Transcript
2023-10-31 19:42
EnPro Industries, Inc. (NYSE:NPO) Q3 2023 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants James Gentile - VP, IR Eric Vaillancourt - President and CEO Milton Childress - EVP and CFO Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Steve Ferazani - Sidoti & Company Ian Zaffino - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Operator Greetings. Welcome to the EnPro Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this confere ...
EnPro Industries(NPO) - 2023 Q3 - Quarterly Report
2023-10-31 15:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-31225 _________________________________________ ENPRO INDUSTRIES, INC. (Exact name of registrant, as specified in its c ...