EnPro Industries (NPO) Tops Q2 EPS by 46c

EnPro Industries (NYSE: NPO) reported Q2 EPS of $0.54, $0.46 better than the analyst estimate of $0.08. Revenue for the quarter came in at $247 million versus the consensus estimate of $230.67 million.

Current Economic Conditions and Outlook

“Based on our strong second quarter results, we have revised our scenario planning ranges provided last quarter. We continue to model a 15% to 25% full-year revenue decline compared to 2019, including the impact of our portfolio shaping actions. Should revenues decline in this range, we now expect adjusted EBITDA margins may range from 13% to 14% for the year, depending on the sales decline and product mix. This compares to our prior scenario planning range of 11% to 13%. We typically experience softer demand in the third quarter due to seasonal patterns and, specific to this year, we are expecting longer lead time orders to also affect third quarter results. We anticipate a modest sequential improvement in the fourth quarter,” said Mr. Riley.

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

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