Enpro Inc. Stock Price, News & Analysis

EnPro Industries (NYSE: NPO) will participate in Gabelli’s 31st Annual Pump, Valve, & Water Systems Symposium on February 25 at 10:30 a.m. ET. The presentation will be led by Marvin Riley, CEO, and Milt Childress, CFO, and will be available via webcast on the company's website. EnPro specializes in industrial technology, employing materials science across various sectors, including semiconductor and life sciences.

EnPro Industries, Inc. (NYSE: NPO) has announced a quarterly dividend of $0.27 per share, representing a 4% increase from the prior dividend of $0.26. This dividend will be paid on March 17, 2021 to shareholders on record as of March 3, 2021. Marvin Riley, President and CEO, noted that this increase reflects the company's commitment to returning capital to shareholders, balancing excess capital with internal growth investments.

EnPro Industries (NYSE: NPO) will disclose its financial results for Q4 and the full year ending December 31, 2020, on February 23, 2021, before the NYSE opens. A conference call led by CEO Marvin Riley and CFO Milt Childress will follow at 8:30 a.m. ET. Participants can access the call by calling 1-877-407-0832, using access code 13714132. Financial results and a webcast of the call will be available on EnPro's website.

EnPro specializes in industrial technology, focusing on sectors like semiconductor and life sciences.

EnPro Industries, Inc. (NYSE: NPO) has announced a strategic realignment of its reporting segments to enhance transparency and collaboration as part of its portfolio reshaping strategy. The company now has three reportable segments: Sealing Technologies, focusing on innovative sealing solutions; Advanced Surface Technologies, providing precision services for semiconductor equipment; and Engineered Materials, specializing in high-performance polymer applications. This restructuring aims to support profitable growth and improve performance measurement. Financial reports will reflect these changes starting Q4 2020.

EnPro Industries (NYSE: NPO) has successfully sold its GGB bushing block business in Dieuze, France, to Melma Group. This sale aligns with EnPro's strategic exit plan announced in June 2020, aiming to streamline its portfolio and focus on materials science-driven sectors. CEO Marvin Riley emphasized that the sale is beneficial for all stakeholders, preserving jobs and minimizing customer disruptions. EnPro remains committed to enhancing its portfolio with high-margin, recurring revenue businesses to maximize long-term shareholder returns.

EnPro Industries (NYSE: NPO) will present at the 2020 Bank of America Securities Leveraged Finance Virtual Conference on November 30 at 12:45 p.m. ET. The presentation will be led by Milt Childress, Executive Vice President and CFO. Interested parties can access the webcast on EnPro’s website at www.enproindustries.com. EnPro is a technology company specializing in materials science, focusing on sectors like semiconductors and life sciences.

Turnspire Capital Partners has successfully acquired the Goodyear® air springs business from EnPro Industries (NYSE: NPO). This marks the inaugural acquisition for Infinity Engineered Products, newly established by Turnspire. The Goodyear® Air Springs, based in Fairlawn, Ohio, specializes in premium air springs for commercial vehicles and retains its brand under a global license from Goodyear. The transaction involves all assets, including manufacturing facilities and intellectual property. With a focus on enhancing R&D and product development, Turnspire aims to leverage Goodyear's legacy to explore growth opportunities.

EnPro Industries, Inc. (NYSE: NPO) will present at the Baird 2020 Global Industrial Conference on November 12, at 10:50 a.m. Eastern Time. The presentation will be led by Marvin Riley, CEO, and Milt Childress, CFO, and will be available via webcast on EnPro's website: www.enproindustries.com. EnPro is a leader in technology, focusing on materials science for the semiconductor and life sciences industries, serving a diverse customer base.

EnPro Industries (NPO) reported Q3 2020 results, revealing a 10.3% decline in net sales to $268.3 million. Despite the weak demand in key markets due to COVID-19, adjusted EBITDA remained stable with a margin increase of 140 basis points to 15.7%. The company completed strategic divestitures and the acquisition of Alluxa, aiming to focus on materials science. Net loss from continuing operations reached $21.6 million, compared to $8.4 million in Q3 2019. Adjusted diluted earnings per share were $0.67, down 8.2% year-over-year.