Enpro Inc. Stock Price, News & Analysis

Branford Castle Partners, a private equity firm based in New York City, has acquired GPT Industries, a manufacturer of pipeline sealing and electrical isolation products. This acquisition marks the fourth platform investment for Branford's second fund, closed in 2021. GPT, formerly part of EnPro Industries (NYSE:NPO), produces critical-service flange isolation kits and monolithic isolation joints for global oil, gas, and water pipelines. Branford aims to leverage GPT's technological expertise and market reputation to drive growth and expand into new markets. Financial terms of the transaction were not disclosed.

EnPro Industries (NYSE: NPO) will present at the BofA Securities 2022 Leveraged Finance Conference on November 29, 2022. The presentation will be led by Milt Childress, Executive Vice President and CFO, at 3:30 p.m. Eastern Time. Interested parties can access the presentation and materials on the company’s official website: www.enproindustries.com. EnPro is a prominent industrial technology company serving diverse end-markets, including semiconductor and aerospace.

EnPro Industries (NYSE: NPO) announced the completion of the sale of its GGB surface engineering solutions business to The Timken Company for $305 million. This transaction, which was agreed upon on September 6, 2022, is part of EnPro's strategy to streamline its operations and focus on its high-margin Advanced Surface Technologies and Sealing Technologies segments. EnPro expects to enhance its financial flexibility and reduce leverage with an estimated $290 million from the divestitures, while pursuing organic growth and strategic acquisitions.

EnPro Industries, Inc. (NYSE: NPO) will be presenting at the Baird 2022 Global Industrial Conference on November 9, 2022, at 8:30 a.m. Central Time. The presentation will be conducted by Eric Vaillancourt, President and CEO, and Milt Childress, Executive VP and CFO. Attendees can access the presentation and related materials on the company’s website at www.enproindustries.com. EnPro is recognized for its industrial technology across various sectors including semiconductor, aerospace, and life sciences.

EnPro Industries, Inc. reported strong Q3 2022 results, with sales reaching $280.1 million, a 33.6% increase year-over-year. Income from continuing operations was $26.2 million, with diluted earnings per share at $1.26, up 8.6%. Adjusted EBITDA soared by 70.2% to $71.3 million, resulting in a margin of 25.5%. The company raised its adjusted EBITDA guidance for 2022 to $253-$260 million. This growth reflects robust demand across its Sealing and Advanced Surface Technologies segments and effective pricing strategies, despite challenges from inflation and previous divestitures.

EnPro Industries, Inc. (NYSE: NPO) has declared a quarterly dividend of $0.28 per share, payable on December 14, 2022, to shareholders on record as of November 30, 2022. EnPro specializes in industrial technology for sectors such as semiconductor, aerospace, and life sciences. The announcement reflects the company's commitment to providing returns to its investors while maintaining its operational focus across several critical markets.

EnPro Industries, Inc. (NYSE: NPO) is set to disclose its third quarter 2022 financial results on November 1 at 6:30 a.m. Eastern Time. Following the release, a conference call led by CEO Eric Vaillancourt and CFO Milt Childress will take place at 8:30 a.m. Eastern Time. Investors can join the call via phone or through a live webcast. The financial results, slide presentation, and webcast details will be accessible on the company's website.

EnPro Industries, Inc. (NYSE: NPO) will present at the Sidoti Fall 2022 Small-Cap Virtual Conference on September 21, 2022, at 3:15 p.m. Eastern Time. The presentation will be led by Eric Vaillancourt, President and CEO, along with James Gentile, Vice President of Investor Relations. Interested parties can access the webcast on the company's website at www.enproindustries.com. EnPro focuses on critical applications across various sectors, including semiconductor, aerospace, and life sciences.

EnPro Industries, Inc. (NYSE: NPO) has appointed Will Abbey to its Board of Directors, enhancing the board's expertise in the semiconductor industry. Abbey, with over 25 years of experience, is currently Senior VP at Arm and has held various leadership roles since joining in 2004. Chairman David Hauser noted Abbey's technological and commercial acumen will significantly contribute to EnPro's growth strategy, particularly in the Advanced Surface Technologies segment. EnPro operates across multiple end-markets, including semiconductor and industrial applications.