Welcome to our dedicated page for Enpro news (Ticker: NPO), a resource for investors and traders seeking the latest updates and insights on Enpro stock.
Enpro Inc. (symbol: NPO) is a diversified manufacturer dedicated to creating proprietary engineered products for critical applications. The company's core businesses include sealing technologies, metal polymer and filament wound bearings, and components and services for reciprocating compressors, diesel, and dual-fuel engines. Enpro Inc. is a global leader in these domains, providing solutions that cater to industries worldwide.
Headquartered in the United States, Enpro Inc. operates through three primary segments:
- Sealing Technologies: This segment manufactures and markets a variety of sealing products, including industrial gaskets and wheel-end components and systems.
- Bearings and Engineered Products: Known for their high-quality metal polymer and filament wound bearings, as well as components for reciprocating compressors and engines.
- Advanced Surface Technologies: This segment focuses on manufacturing wafer processing sub-systems, thin-film coatings, and optical filters, along with services such as cleaning, coating, testing, and refurbishment.
Enpro Inc. has a strong global presence, operating manufacturing facilities in North and South America, Europe, and Asia. The company employs over 5,000 people worldwide and serves more than 50,000 customers in over 100 countries.
Among the notable businesses in the Enpro family are:
- Garlock: Known worldwide for its industrial gaskets and sealing systems.
- GGB: The world's largest manufacturer of self-lubricated, marginally lubricated, and fully lubricated plain bearings.
- Stemco: A leading name in wheel-end components and a growing manufacturer of brake products for the medium- and heavy-duty truck and trailer markets.
- Techneti: Specializes in advanced surface technologies that enhance the performance and longevity of mechanical systems.
Enpro Inc. is committed to innovation and excellence, continuously advancing its product offerings to meet the evolving needs of its diverse customer base. The company's financial condition remains robust, bolstered by strategic partnerships and ongoing projects aimed at driving growth and sustainability.
Stay updated with the latest news and developments about Enpro Inc. to understand how the company is shaping the future of engineered industrial products.
Enpro (NYSE: NPO) has announced its participation in the Gabelli Funds 35th Annual Pump, Valve & Water Systems Symposium. The company's Executive Vice President and Chief Financial Officer, Joe Bruderek, will deliver a virtual presentation on Thursday, February 27, at 12:15 p.m. Eastern Time. Interested parties can access the webcast presentation through Enpro's official website at www.enpro.com.
Enpro (NPO) reported Q4 2024 results with sales of $258.4 million, up 3.7% year-over-year, and organic sales growth of 1.2%. The company's Q4 GAAP net income improved to $13.9 million from a loss of $4.9 million last year, while adjusted EBITDA increased 24.1% to $58.2 million.
For full-year 2024, sales decreased 1.0% to $1.05 billion, with organic sales down 3.9%. GAAP net income rose significantly to $72.9 million from $10.8 million in 2023. The company generated $162.9 million in operating cash flow and maintained a strong balance sheet with $236.3 million in cash.
Looking ahead, Enpro introduced 2025 guidance projecting low to mid-single-digit revenue growth, adjusted EBITDA of $262-277 million, and adjusted EPS of $7.00-7.70. The company also increased its quarterly dividend by 3.3% to $0.31 per share.
Enpro (NYSE: NPO) has announced a quarterly dividend increase of 3.3%, raising the payment from $0.30 to $0.31 per share. This marks the company's tenth consecutive year of dividend increases since initiating dividends in 2015. The dividend will be paid on March 19, 2025, to shareholders of record as of March 5, 2025.
CEO Eric Vaillancourt highlighted that this increase demonstrates the company's strong balance sheet, durable cash generation, positive long-term outlook, and commitment to a balanced capital allocation strategy.
Enpro (NYSE: NPO) has scheduled its fourth quarter and year-end 2024 earnings release for Wednesday, February 19, at 6:30 a.m. Eastern Time. The company will host a conference call at 8:30 a.m. Eastern Time, featuring President and CEO Eric Vaillancourt and EVP and CFO Joe Bruderek.
Investors can access the conference call via webcast on enpro.com or by telephone at 1-877-407-0832 using access code 13740581. The earnings results and accompanying slide presentation will be available on the company's website.
Enpro (NYSE: NPO) has announced its participation in the upcoming Sidoti December Small Cap Conference. The company's Executive Vice President and CFO, Joe Bruderek, will deliver a virtual presentation on Thursday, December 5, 2024, at 1:45 p.m. Eastern Time. Interested parties can access the webcast presentation through Enpro's official website at enpro.com.
Enpro (NYSE: NPO) has appointed Allison K. Aden to its Board of Directors. Aden brings 30 years of finance experience and currently serves as Executive Vice President and CFO of Cavco Industries. Her expertise spans accounting, financial reporting, corporate strategy, M&A, IT, and cybersecurity across manufacturing, information technology, financial services, and commercial real estate sectors. At Cavco, she leads M&A efforts and oversees financial operations while playing a key role in strategic direction.
Enpro (NYSE: NPO) has announced a quarterly dividend of $0.30 per share. The dividend will be paid on December 18, 2024, to shareholders who are on record as of December 4, 2024. This regular quarterly dividend announcement demonstrates the company's continued commitment to providing returns to its shareholders.
Enpro Inc. (NYSE: NPO) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results on Tuesday, November 5, at 6:30 a.m. Eastern Time. A conference call to review the company's performance will be hosted by Eric Vaillancourt, President and CEO, and Joe Bruderek, Executive VP and CFO, at 8:30 a.m. Eastern Time.
The conference call will be accessible via webcast on the company's website at http://www.enpro.com and by telephone at 1-877-407-0832, using the access code 13735653. Interested parties should join approximately 10 minutes before the call. The third quarter 2024 financial results and accompanying slide presentation will be available on Enpro's website.
Enpro announced its Q2 2024 financial results with sales of $271.9 million, down 1.8% year-over-year, and organic sales down 5.0%. The company reported GAAP income from continuing operations of $26.7 million, reversing a loss of $18.6 million last year.
Adjusted EBITDA increased 14.0% to $74.0 million, while GAAP diluted EPS was $1.27, compared to a loss of $0.89 per share in Q2 2023. Adjusted diluted EPS rose 13.7% to $2.08.
The Sealing Technologies segment saw sales rise 4.1% to $184.0 million, boosting adjusted EBITDA by 16.2%. However, Advanced Surface Technologies sales dropped 12.2% to $88.1 million, with a 20.7% decrease in adjusted EBITDA.
For 2024, Enpro narrowed its guidance, projecting adjusted EBITDA between $260-$270 million and adjusted diluted EPS between $7.00-$7.60. Revenue is expected to remain flat.
Enpro (NYSE: NPO) has announced a quarterly dividend of $0.30 per share. The dividend will be paid on September 18, 2024, to shareholders of record as of the close of business on September 4, 2024. This regular dividend declaration demonstrates Enpro's commitment to returning value to its shareholders and maintaining a consistent dividend policy. The announcement provides clarity on the company's short-term financial plans and may be of interest to income-focused investors.
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