Enpro Inc. Stock Price, News & Analysis

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.

EnPro Industries (NYSE: NPO) will present at Gabelli’s 32nd Annual Pump, Valve & Water Systems Symposium on February 24 at 11:00 a.m. Eastern Time. The presentation will be led by President and CEO Eric Vaillancourt, alongside Executive VP and CFO Milt Childress. Interested parties can view the webcast on EnPro's website. EnPro specializes in industrial technology for various sectors, including semiconductor, aerospace, and life sciences. For further details, visit www.enproindustries.com.

EnPro Industries, Inc. (NYSE: NPO) announced a quarterly dividend of $0.28 per share, marking a 4% increase from the previous $0.27. This is the seventh consecutive year of raised dividends since initiating in 2015. According to CEO Eric Vaillancourt, the increase reflects a balanced capital allocation strategy and a strong long-term outlook. The dividend will be paid on March 16, 2022 to shareholders recorded by the close of business on March 2, 2022.

EnPro Industries, Inc. (NYSE: NPO) will announce its financial results for the quarter and year ended December 31, 2021 on February 22, 2022, prior to market opening. A conference call is scheduled for 8:30 a.m. ET to discuss these results, featuring Eric Vaillancourt, President and CEO, and Milt Childress, Executive VP and CFO. Access to the call can be gained via dialing 1-877-407-0832 with the code 13714140. Financial results and the call webcast will be available on the company's website.

EnPro Industries (NYSE: NPO) has completed the sale of Compressor Products International, Inc. to Howden Group for $195 million, previously announced on October 12, 2021. This sale is part of EnPro's strategy to reshape its portfolio towards industrial technology markets. The company plans to use around $170 million in after-tax proceeds to reduce debt associated with its recent acquisition of NxEdge, expected to lower the net leverage ratio to approximately 3.3x net debt to adjusted EBITDA.

EnPro Industries, Inc. (NYSE: NPO) has completed its acquisition of NxEdge, a manufacturer in the semiconductor space, for $850 million in cash. This acquisition is part of EnPro's strategy to enhance its Advanced Surface Technologies segment and capitalize on high-margin, high-cash flow opportunities. The company amended its credit facilities to fund this acquisition, resulting in a net leverage ratio of approximately 3.7x. Future proceeds from the sale of its Compressor Products International business are expected to reduce this ratio to 3.3x.

EnPro Industries, Inc. (NYSE: NPO) has appointed Eric A. Vaillancourt as President and CEO, effective immediately. Vaillancourt has served as Interim CEO since August 2021 and was previously the President of the Sealing Technologies segment. The Board expressed unanimous confidence in his leadership during this crucial phase of the company. Vaillancourt emphasized EnPro's strong portfolio and free cash flow position, aiming to leverage growth opportunities. He has been with EnPro since 2009, holding various leadership roles.

EnPro Industries, Inc. (NYSE: NPO) will present at the 2021 Bank of America Securities Leveraged Finance Virtual Conference on November 30 at 9:00 a.m. Eastern Time. Milt Childress, CFO, will lead the presentation, which can be accessed via the company's website.

EnPro focuses on industrial technology in niche applications across various sectors, including semiconductor, aerospace, and life sciences. For more details, visit www.enproindustries.com.

Trive Capital has announced the definitive agreement to sell NxEdge to EnPro Industries (NYSE: NPO). This move is part of EnPro's growth strategy in high-margin industrial technology sectors. NxEdge, operating in the semiconductor supply chain, is recognized for its integrated capabilities and aftermarket services. The acquisition enhances EnPro's Advanced Surface Technologies segment, aiming to provide differentiated solutions and broaden geographic reach. With facilities in Idaho and California, NxEdge serves top clients, leveraging its vertical integration for supply chain support.