EnPro Industries, Inc. (NPO) Tops Q3 EPS by 37c, Outlook
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Price: $50.77 -0.26%
Revenue Growth %: -7.9%
Financial Fact:
Operating Expenses, Total: 73.5M
Today's EPS Names:
ATU, CRWS, CLC, More
Revenue Growth %: -7.9%
Financial Fact:
Operating Expenses, Total: 73.5M
Today's EPS Names:
ATU, CRWS, CLC, More
Trade NPO Now!
EnPro Industries, Inc. (NYSE: NPO) reported Q3 EPS of $0.81, $0.37 better than the analyst estimate of $0.44. Revenue for the quarter came in at $291.7 million versus the consensus estimate of $306.89 million.
Outlook
“We expect the conditions that characterize most of our markets to continue to affect our results in the fourth quarter of 2012,” Macadam said. “Levels of demand are likely to remain low in the quarter, especially in Europe where conditions are weaker than they were a year ago. Our North American markets are somewhat healthier, but current indications are that any increase in activity compared to last year’s fourth quarter is likely to be very modest at best.”
Macadam said the company continues to expect completed acquisitions to increase sales for the full year of 2012 by about 8% over 2011. However, he noted that because of declining volumes, EnPro may not report meaningful organic sales growth for the year. Although the effect of weaker markets will be mitigated somewhat by the benefits of lower material costs, pricing discipline and other initiatives included in company’s enterprise excellence programs, Macadam noted that lower volumes and increased restructuring costs are likely to reduce the total 2012 segment profit margin in comparison to the margin reported in 2011.
For earnings history and earnings-related data on EnPro Industries, Inc. (NPO) click here.
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Outlook
“We expect the conditions that characterize most of our markets to continue to affect our results in the fourth quarter of 2012,” Macadam said. “Levels of demand are likely to remain low in the quarter, especially in Europe where conditions are weaker than they were a year ago. Our North American markets are somewhat healthier, but current indications are that any increase in activity compared to last year’s fourth quarter is likely to be very modest at best.”
Macadam said the company continues to expect completed acquisitions to increase sales for the full year of 2012 by about 8% over 2011. However, he noted that because of declining volumes, EnPro may not report meaningful organic sales growth for the year. Although the effect of weaker markets will be mitigated somewhat by the benefits of lower material costs, pricing discipline and other initiatives included in company’s enterprise excellence programs, Macadam noted that lower volumes and increased restructuring costs are likely to reduce the total 2012 segment profit margin in comparison to the margin reported in 2011.
For earnings history and earnings-related data on EnPro Industries, Inc. (NPO) click here.
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