EnPro Q4 GAAP loss $57.5M on $65.2M goodwill impairment; adj. EPS $1.47, up 48.5%; dividend raised 4%

Enpro Inc.

2022-FY EPS reported $9.83 revenue$1,099,200,000

Q4 sales $271.9M (+27.8% YoY); organic sales +14.8%; full-year sales $1.10B (+30.8%).
Q4 GAAP loss from continuing ops $57.5M ($2.76 loss per share) due to $65.2M Alluxa goodwill impairment; adj. diluted EPS $1.47 (+48.5%).
Full-year adj. EBITDA $257.4M (+58.5%); margin 23.4% (+410 bps); 2023 guidance: adj. EBITDA $248-260M, adj. EPS $6.45-7.05.
Quarterly dividend raised 4% to $0.29/share, payable March 15, 2023 to holders of record March 1, 2023.
Completed GGB divestiture for $305M in Nov 2022; GPT divestiture closed Jan 2023; net leverage 1.8x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enpro Inc. reported the year ended December 31, 2022 results: revenue $1.10 billion, net income $6.7 million, EPS $0.32. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $1.10 billion
Net income: $6.7 million
EPS: $0.32
Guidance: initiated
Result: reported results

Exact text from the filing

to the respective prior-year period unless otherwise noted) • For the quarter, sales of $271.9 million increased 27.8% and organic sales increased 14.8%; for the year, sales of $1.10 billion increased 30.8% and organic sales increased 14.1% • For the quarter, loss from continuing operations attributable to EnPro Industries, Inc. was $57.5 million, compared to a loss

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enpro Inc. reported the fourth quarter ended December 31, 2022 results: revenue $271.9 million, net income $57.5 million, EPS $(2.76). Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $271.9 million
Net income: $57.5 million
EPS: $(2.76)
Guidance: initiated
Result: reported results

Exact text from the filing

Guidance Fourth Quarter and Full Year 2022 Highlights (All results reflect comparisons to the respective prior-year period unless otherwise noted) • For the quarter, sales of $271.9 million increased 27.8% and organic sales increased 14.8%; for the year, sales of $1.10 billion increased 30.8% and organic sales increased 14.1% • For the quarter, loss from continuing

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Enpro Inc. filing history →

Source: SEC EDGAR

accession 0001164863-23-000009

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