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 Q2 2021 financial results on August 3, 2021, before NYSE trading opens. A conference call at 8:30 a.m. Eastern Time will feature CEO Marvin Riley and CFO Milt Childress discussing the results. Interested participants can access the call by dialing 1-877-407-0832 with the access code 13714136. Financial results, a webcast, and a slide presentation will be available on the company’s website.
EnPro Industries (NYSE: NPO) is set to present at the KeyBanc Capital Markets 2021 Industrials & Basic Materials Virtual Conference on June 3 at 9:20 a.m. Eastern Time. The presentation will feature CEO Marvin Riley and CFO Milt Childress. Investors can access the presentation via a webcast on the company’s official website. EnPro is a prominent industrial technology firm leveraging materials science to innovate within the semiconductor and life sciences sectors.
On May 27, 2021, EnPro Industries (NYSE: NPO) hosted a virtual investor day starting at 8:30 a.m. EDT. The event featured President and CEO Marvin Riley, CFO Milt Childress, and the executive management team discussing the company's operational and financial objectives.
Key topics included EnPro's long-term vision, growth strategy, and insights into various business segments leveraging materials science across semiconductor, life sciences, and technology sectors. The event's details, including the replay, are accessible via the company's website.
EnPro Industries, Inc. (NYSE: NPO) reported Q1 2021 financial results, showcasing a net sales decline of 1.2% year-over-year at $279.3 million. However, adjusted EBITDA increased by 28.1% to $52.0 million, with an adjusted EBITDA margin up 420 basis points to 18.6%. Income from continuing operations rose 78.2% to $18.0 million, with diluted earnings per share reaching $0.87. The strong performance stemmed from improved demand in several sectors and successful portfolio reshaping. The company expects 2021 sales between $1.05 billion and $1.1 billion, and adjusted EBITDA between $190 million and $200 million.
EnPro Industries, Inc. (NYSE: NPO) has declared a quarterly dividend of $0.27 per share, payable on June 16, 2021, to shareholders on record as of June 2, 2021. The company focuses on industrial technology, leveraging materials science across sectors such as semiconductors and life sciences.
EnPro Industries, Inc. (NYSE: NPO) will disclose its first quarter 2021 financial results on May 7, 2021, prior to NYSE trading. A conference call will follow at 8:30 a.m. ET, led by CEO Marvin Riley and CFO Milt Childress. Participants can join the call by dialing 1-877-407-0832 with access code 13714135. Financial results, a webcast of the call, and a slide presentation will be available on the company’s website.
The Halifax Group announced the promotion of Jerry L. Johnson to Partner, moving from an advisory role to a leadership position focused on investment sourcing and support for portfolio companies. Johnson, with over 25 years in finance and consulting, previously served as Senior VP at EnPro Industries (NYSE: NPO) and was a founding member at RLJ Equity Partners. Halifax, a private equity firm specializing in lower middle-market investments, continues to invest from its closed fund Halifax Capital Partners IV, L.P. Established in 1999, the firm targets businesses valued between $50 million and $300 million.
EnPro Industries (NYSE: NPO) will host a virtual investor day on May 27, 2021, at 8:30 a.m. EDT. The event will feature President and CEO Marvin Riley, CFO Milt Childress, and other executives discussing the company's operational and financial objectives, long-term vision, and growth strategies. This session will also include a Q&A segment. Interested parties can access the live webcast and replay on the company's investor relations website.
EnPro Industries, Inc. (NYSE: NPO) announced a global rebrand to 'Enpro' reflecting its transformation in business portfolio. The new corporate logo aligns with its mission to leverage materials science in various sectors, including semiconductor and life sciences. CEO Marvin Riley highlighted that strategic acquisitions, such as LeanTeq and Alluxa, support this focus, aiming for profitable growth in technology-enabled markets. The company has also divested underperforming divisions to enhance overall performance and returns on invested capital.
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