EnPro Industries (NPO) Tops Q3 EPS by 36c
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EnPro Reports Third Quarter 2020 Results
November 3, 2020 6:30 AM ESTThird Quarter 2020 Highlights
(All results reflect comparisons to prior-year period and Fairbanks Morse as a discontinued operation unless otherwise noted)
Sales decreased 10.3% to $268.3 million Loss from continuing operations attributable to EnPro Industries, Inc. was $21.6 million, compared to a loss of $8.4 million in the prior-year period; the third quarter 2020 loss included pretax charges of $21.1 million primarily for asset impairments as well as $21.4 million for the settlements of legal claims Segment profit increased 3.9% to $29.5 million, driven primarily by the benefit of ongoing strategic portfolio actions Adjusted EBITDA decreased 1.4% to $42.1 million; adjusted... More