EnPro Industries (NPO) Tops Q1 EPS by 43c, Revenues Beat; Raises FY21 EPS/Revenues Guidance
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Enpro Reports Strong First Quarter 2021 Results; Increases Full-Year Guidance
May 7, 2021 6:30 AM EDTFirst Quarter 2021 Highlights
(All results reflect comparisons to prior-year period and Fairbanks Morse as a discontinued operation unless otherwise noted)
Income from continuing operations attributable to EnPro Industries, Inc. was $18.0 million, compared to income of $10.1 million Adjusted EBITDA increased 28.1% to $52.0 million, adjusted EBITDA margin increased 420 bps to 18.6% Diluted earnings per share from continuing operations attributable to EnPro Industries, Inc. was $0.87, compared to $0.49 Adjusted diluted earnings per share increased 43% to $1.37 versus $0.96 Sales were $279.3 million, decreasing 1.2% as a result of divestitures in 2020; organic sales increased 5.5% Updating 2021 guidance ranges: sales... More