earnings
confidence high
sentiment positive
materiality 0.75
Enpro Q3 beats with adjusted EPS $1.40; agrees to acquire NxEdge for $850M
Enpro Inc.
2021-Q3 EPS reported
$3.61
revenue$861,000,000
- Q3 sales $283.1M (+5.5%); adjusted EBITDA $51.5M (+22%); adjusted diluted EPS $1.40 vs $1.01 prior year.
- Sealing Technologies organic sales +15.7%; Advanced Surface Technologies sales +44.2% on semiconductor demand and Alluxa.
- Agreed to acquire NxEdge from Trive Capital for $850M cash; expected close by end of 2021.
- Updated 2021 guidance: sales $1.085-$1.120B; adj. EBITDA $202-$208M; adj. diluted EPS $5.35-$5.55.
- Quarterly dividend $0.27/share declared, payable Dec 15, 2021 to holders of record Dec 1.