Welcome to our dedicated page for Enpro news (Ticker: NPO), a resource for investors and traders seeking the latest updates and insights on Enpro stock.
Enpro Inc. (NYSE: NPO) is an industrial technology company focused on critical applications across end-markets such as semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics, and life sciences. This news page aggregates company announcements, earnings releases, acquisition updates, and other material events related to Enpro.
Recent press releases highlight Enpro’s execution of its Enpro 3.0 strategy, including agreements and completed transactions to acquire AlpHa Measurement Solutions and Overlook Industries within the Sealing Technologies segment. These acquisitions expand Enpro’s capabilities in liquid analytical sensing technologies, compositional analysis, and single-use componentry for biopharmaceutical production processes.
Investors and followers of NPO news can review quarterly earnings releases that discuss segment performance in Sealing Technologies and Advanced Surface Technologies, including trends in aerospace and food and pharma demand, precision cleaning, optical coatings, and certain semiconductor tools and assemblies. News items also cover capital structure developments such as senior notes offerings, credit facility amendments, and regular quarterly dividend declarations.
In addition, Enpro’s news includes announcements of upcoming earnings release dates and conference calls, where management discusses financial results and provides updates on guidance and strategic initiatives. By monitoring this page, users can access a consolidated view of Enpro’s public communications, from operational performance and end-market dynamics to portfolio developments and corporate governance disclosures.
EnPro Industries (NYSE: NPO) has announced the sale of its GGB business to The Timken Company for $305 million, expected to close by year-end, pending regulatory approvals. This divestiture aligns with EnPro's strategy to focus on its Advanced Surface Technologies and Sealing Technologies segments, which have strong aftermarket exposure and recurring revenue. The company anticipates net proceeds of approximately $290 million from GGB and its Garlock Pipeline Technologies unit. This move aims to enhance financial flexibility and drive sustainable growth.
EnPro Industries, Inc. (NYSE: NPO) reported a strong Q2 2022, with sales rising 11.6% to $333.3 million and organic sales increasing 9.5%. Net income grew to $33.1 million, and adjusted EBITDA soared by 43.4% to $82.0 million, marking a 24.6% EBITDA margin. Diluted EPS was $1.59, up from $1.41. The company raised its revenue and adjusted EBITDA guidance for 2022 to low-to-mid double digits and $270-$280 million, respectively. Challenges included inflation and supply chain issues, but demand in key markets remains robust.
EnPro Industries, Inc. (NYSE: NPO) has declared a quarterly dividend of $0.28 per share, payable on September 14, 2022, to shareholders recorded by the close of business on August 31, 2022. EnPro is recognized for its technological contributions across various sectors including semiconductor, aerospace, and life sciences. The company's commitment to shareholder returns is evident through this dividend declaration, highlighting its financial health and operational focus.
EnPro Industries, Inc. (NYSE: NPO) will release its second quarter 2022 financial results on August 2 at 6:30 a.m. Eastern Time. The CEO Eric Vaillancourt and CFO Milt Childress will discuss the performance at an earnings call scheduled for 8:30 a.m. Eastern Time. A live webcast and phone access will be available for participants. Further details and financial results will be posted on the company’s website.
EnPro Industries, Inc. (NYSE: NPO) reported Q1 2022 net sales of $328.7 million, a 17.7% increase year-over-year, with organic sales up 13.5%. Net income was $16.2 million, down 10% from last year, while adjusted diluted earnings per share rose 33.6% to $1.83. Adjusted EBITDA increased 30.6% to $67.9 million, with a margin of 20.7%. The company anticipates low double-digit revenue growth and adjusted EBITDA of $263-$275 million for 2022, despite inflationary pressures. EnPro’s diversification in sectors like semiconductor and aerospace contributed to strong demand.
EnPro Industries, Inc. (NYSE: NPO) has announced a quarterly dividend of $0.28 per share, payable on June 15, 2022. Shareholders on record as of June 1, 2022 will be eligible for this payment. EnPro specializes in industrial technology across various sectors, including semiconductor, aerospace, and life sciences, indicating a strong commitment to returning value to its shareholders through regular dividends.
EnPro Industries, Inc. (NYSE: NPO) will present at Oppenheimer's 17th Annual Industrial Growth Conference on May 3, 2022, at 10:30 a.m. ET. The presentation will be led by Eric Vaillancourt, President and CEO, and Milt Childress, Executive VP and CFO. Investors can view the webcast on the company’s website. EnPro serves diverse markets including semiconductor, aerospace, and life sciences, highlighting its focus on industrial technology.
EnPro Industries, Inc. (NYSE: NPO) will announce its Q1 2022 financial results on May 2 at 8:30 a.m. ET. Company leadership, including CEO Eric Vaillancourt and CFO Milt Childress, will discuss the performance during a live webcast and conference call, accessible via phone at 1-877-407-0832 with access code 13714141. Financial details and presentation slides will be available on their website.
EnPro Industries, Inc. (NYSE: NPO) will present at the Sidoti Spring 2022 Virtual Conference on Wednesday, March 23, 2022, at 10:00 a.m. Eastern Time. The presentation will be led by Milt Childress, Executive Vice President and CFO, alongside James Gentile, VP of Investor Relations. Investors can access the webcast on the company’s official website. EnPro focuses on industrial technology, serving various sectors such as semiconductor, aerospace, and life sciences. For more information, visit www.enproindustries.com.
EnPro Industries, Inc. (NYSE: NPO) reported fourth quarter sales of $280.8 million, a 1.7% increase, while full year sales reached $1.14 billion, up 6.3%. Income from continuing operations for Q4 was $102.4 million, recovering from a loss of $8.9 million a year prior. Diluted EPS for Q4 was $4.92, compared to a loss per share of $0.43 previously. The company completed the acquisition of NxEdge and divested its CPI unit. For 2022, EnPro anticipates low double-digit revenue growth, adjusted EBITDA between $263-$275 million, and diluted EPS of $6.70-$7.25.
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