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 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.
Enpro Inc. (NYSE: NPO) has announced the date for its second quarter 2024 earnings release and conference call. The company will release its financial results on Tuesday, August 6, 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 and by telephone. Investors can join the call using the access code 13735651. The financial results and accompanying slide presentation will be available on Enpro's website prior to the call.
Enpro Inc. (NYSE: NPO) reported its First Quarter 2024 Results, with sales of $257.5 million down 8.9% compared to the prior-year period. GAAP income from continuing operations was $12.5 million, Adjusted EBITDA down 14.9% to $58.4 million, and adjusted diluted earnings per share from continuing operations down 19.5% to $1.57. The acquisition of AMI was completed in January 2024. Full year 2024 guidance includes revenue growth of low-to-mid single digits, adjusted EBITDA of $260-$280 million, and adjusted diluted earnings per share in the range of $7.00 to $7.80.
Enpro Inc. (NYSE: NPO) has announced a regular quarterly dividend of $0.30 per share payable on June 20, 2024, to shareholders of record as of June 5, 2024.
Enpro Inc. (NYSE: NPO) will be presenting at the Oppenheimer 19th Annual Industrial Growth Conference on May 9, 2024. The presentation will be conducted virtually by the President, CEO, and CFO at 9:00 a.m. Eastern Time.
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