EnPro Industries (NPO) Tops Q3 EPS by 36c

EnPro Industries (NYSE: NPO) reported Q3 EPS of $0.67, $0.36 better than the analyst estimate of $0.31. Revenue for the quarter came in at $268.3 million versus the consensus estimate of $214.6 million.

Current Economic Conditions and Outlook

“For the full year, as a result of market dynamics, portfolio reshaping actions, and seasonal and customer-specific demand patterns, we expect a year-over-year sales decline of a little over 15% and adjusted EBITDA margins of approximately 15%. This compares to our prior scenario planning ranges of a 15% to 25% decline in sales and adjusted EBITDA margins of 13% to 14%. Note that these expectations do not include contributions from the acquired Alluxa business nor uncertainties surrounding how the resurging COVID-19 crisis might impact demand and revenue; however, they do include the impact of completed and announced divestitures,” said Mr. Riley.

For earnings history and earnings-related data on EnPro Industries (NPO) click here.

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