Enpro Inc. Stock Price, News & Analysis

Enpro Industries (NYSE: NPO) has announced its acquisition of NxEdge for $850 million in cash, aimed at enhancing its semiconductor capabilities. This strategic move is expected to boost Enpro's offerings across the semiconductor value chain and generate approximately $190 million in revenue with an adjusted EBITDA of $70 million for 2021. The acquisition is forecasted to contribute approximately $1.70 to Enpro's adjusted earnings per share in 2022, signifying a 30% increase over prior EPS guidance. The transaction is set to close by the end of 2021, pending regulatory approvals.

EnPro Industries, Inc. (NYSE: NPO) will present at the Baird 2021 Global Industrial Conference on November 9 at 12:50 p.m. ET. The presentation will be led by Interim President and CEO Eric Vaillancourt and Executive VP and CFO Milt Childress. It will be webcast live on the company's website, www.enproindustries.com.

EnPro focuses on industrial technology within niche markets, including semiconductor, aerospace, food and pharmaceutical sectors.

EnPro Industries, Inc. (NYSE: NPO) will release its third-quarter financial results on November 5, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, featuring interim CEO Eric Vaillancourt and CFO Milt Childress discussing the performance. Interested parties can access the call by dialing 1-877-407-0832 with access code 13714138. Financial results and a webcast will be available on the company’s website.

Howden has entered into an agreement to acquire Compressor Products International (CPI) from EnPro Industries (NYSE: NPO) as part of its strategy to enhance its global aftermarket services in the compressor market. This acquisition, expected to finalize after regulatory approvals, will allow Howden to leverage CPI's service centers and broaden its product offerings, increasing its addressable markets by $1 billion. CPI's expertise is also set to support Howden's initiatives towards renewable energy applications, enhancing customer service and performance.

EnPro Industries, Inc. (NYSE: NPO) announced the sale of its Compressor Products International (CPI) business unit to Howden Group for $195 million, representing approximately 10.4x adjusted LTM EBITDA. This divestiture aligns with EnPro’s strategy to focus on niche industrial technologies, particularly in faster-growing markets such as semiconductor and aerospace. The transaction is subject to regulatory reviews and expected to close in Q1 2022. EnPro's Interim President expressed confidence in the move, highlighting its potential to strengthen the company's balance sheet and support growth initiatives.

EnPro Industries, Inc. (NYSE: NPO) will present at Sidoti’s Fall 2021 Virtual Conference on September 23 at 11:30 a.m. Eastern Time. The presentation, led by interim CEO Eric Vaillancourt and VP of Investor Relations James Gentile, will be available via webcast on the company’s website, www.enproindustries.com.

EnPro specializes in industrial technology with applications in sectors such as semiconductor, aerospace, and life sciences.

EnPro Industries, Inc. (NYSE: NPO) announced the sale of its polymer components business to Edgewater Capital Partners. This business, generating approximately $20 million in revenue in H1 2021, is based in Houston, Texas, with additional facilities in Texas and Pennsylvania. The unit will operate under the name Altamira Material Solutions post-acquisition. Interim CEO Eric Vaillancourt emphasized the company's ongoing strategy to transform EnPro into a leader in industrial technology.

EnPro Industries, Inc. (NYSE: NPO) has appointed Judith A. Reinsdorf to its Board of Directors. Reinsdorf previously served as Executive Vice President and General Counsel at Johnson Controls (NYSE: JCI) until her retirement in 2017. She has extensive governance experience, having chaired the Governance Committee at Alexion Pharmaceuticals and Dun & Bradstreet. David Hauser, Chairman of EnPro, expressed confidence that her leadership and strategic expertise will enhance the company's optimization and growth strategy.

EnPro Industries, Inc. (NYSE: NPO) reported strong financial results for Q2 2021, achieving net sales of $298.6 million, a 20.9% increase year-over-year. Adjusted EBITDA rose to $57.2 million, with a margin of 19.2%, reflecting a 400 basis point improvement. Income from continuing operations reached $29.3 million, a significant turnaround from a loss in the prior-year quarter. The company anticipates 2021 sales between $1.075 billion and $1.125 billion, with adjusted EBITDA projected at $200 to $210 million and adjusted EPS between $5.16 and $5.50.