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 Industries, Inc. (NYSE: NPO) will release its third-quarter financial results on November 5, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, featuring interim CEO Eric Vaillancourt and CFO Milt Childress discussing the performance. Interested parties can access the call by dialing 1-877-407-0832 with access code 13714138. Financial results and a webcast will be available on the company’s website.
Howden has entered into an agreement to acquire Compressor Products International (CPI) from EnPro Industries (NYSE: NPO) as part of its strategy to enhance its global aftermarket services in the compressor market. This acquisition, expected to finalize after regulatory approvals, will allow Howden to leverage CPI's service centers and broaden its product offerings, increasing its addressable markets by $1 billion. CPI's expertise is also set to support Howden's initiatives towards renewable energy applications, enhancing customer service and performance.
EnPro Industries, Inc. (NYSE: NPO) announced the sale of its Compressor Products International (CPI) business unit to Howden Group for $195 million, representing approximately 10.4x adjusted LTM EBITDA. This divestiture aligns with EnPro’s strategy to focus on niche industrial technologies, particularly in faster-growing markets such as semiconductor and aerospace. The transaction is subject to regulatory reviews and expected to close in Q1 2022. EnPro's Interim President expressed confidence in the move, highlighting its potential to strengthen the company's balance sheet and support growth initiatives.
EnPro Industries, Inc. (NYSE: NPO) will present at Sidoti’s Fall 2021 Virtual Conference on September 23 at 11:30 a.m. Eastern Time. The presentation, led by interim CEO Eric Vaillancourt and VP of Investor Relations James Gentile, will be available via webcast on the company’s website, www.enproindustries.com.
EnPro specializes in industrial technology with applications in sectors such as semiconductor, aerospace, and life sciences.
EnPro Industries, Inc. (NYSE: NPO) announced the sale of its polymer components business to Edgewater Capital Partners. This business, generating approximately $20 million in revenue in H1 2021, is based in Houston, Texas, with additional facilities in Texas and Pennsylvania. The unit will operate under the name Altamira Material Solutions post-acquisition. Interim CEO Eric Vaillancourt emphasized the company's ongoing strategy to transform EnPro into a leader in industrial technology.
EnPro Industries, Inc. (NYSE: NPO) has appointed Judith A. Reinsdorf to its Board of Directors. Reinsdorf previously served as Executive Vice President and General Counsel at Johnson Controls (NYSE: JCI) until her retirement in 2017. She has extensive governance experience, having chaired the Governance Committee at Alexion Pharmaceuticals and Dun & Bradstreet. David Hauser, Chairman of EnPro, expressed confidence that her leadership and strategic expertise will enhance the company's optimization and growth strategy.
EnPro Industries, Inc. (NYSE: NPO) reported strong financial results for Q2 2021, achieving net sales of $298.6 million, a 20.9% increase year-over-year. Adjusted EBITDA rose to $57.2 million, with a margin of 19.2%, reflecting a 400 basis point improvement. Income from continuing operations reached $29.3 million, a significant turnaround from a loss in the prior-year quarter. The company anticipates 2021 sales between $1.075 billion and $1.125 billion, with adjusted EBITDA projected at $200 to $210 million and adjusted EPS between $5.16 and $5.50.
EnPro Industries (NYSE: NPO) has appointed Eric Vaillancourt as Interim President and CEO following Marvin Riley's immediate departure. The Board is initiating a search for a permanent leader while expressing confidence in Vaillancourt's ability to drive the company’s strategic objectives. EnPro is focusing on high-margin businesses and technology end-markets, indicating a growth trajectory. Riley's exit was mutually agreed and unrelated to any management disagreements. Financial results for Q2 2021 will also be disclosed today.
EnPro Industries (NYSE: NPO) is set to present at the Jefferies Virtual Industrials Conference on August 4 at 1:30 p.m. Eastern Time. The presentation will feature Milt Childress, executive vice president and CFO, alongside James Gentile, vice president of investor relations. Interested parties can view the presentation via webcast on the company’s website. EnPro is a leading industrial technology firm focusing on materials science in sectors such as semiconductors and life sciences.
EnPro Industries, Inc. (NYSE: NPO) has declared a quarterly dividend of $0.27 per share, set to be paid on September 15, 2021. Shareholders on record as of the close of business on September 1, 2021 will receive this payout. EnPro is recognized for its advancements in industrial technology, particularly within semiconductor and life sciences sectors. This consistent dividend payment reflects the company's commitment to returning value to its investors.
FAQ
What is the current stock price of Enpro (NPO)?
What is the market cap of Enpro (NPO)?
What does Enpro Inc. do?
What are the main segments of Enpro Inc.?
Where does Enpro Inc. operate?
How many employees does Enpro Inc. have?
What companies are part of the Enpro family?
What products does the Sealing Technologies segment offer?
What does the Advanced Surface Technologies segment specialize in?
Who are the main customers of Enpro Inc.?
What makes Enpro Inc. a leader in its industry?
How can I stay updated on Enpro Inc. news?
