earnings
confidence high
sentiment positive
materiality 0.75
EnPro Q1 sales $282.6M (+4.6%), adj. EBITDA $68.6M (+16.3%), EPS $1.24 vs $0.57
Enpro Inc.
2023-Q1 EPS reported
$1.79
revenue$282,600,000
- Sealing Technologies segment sales up 12.8% to $173.3M; adjusted EBITDA up 44.9% to $49.7M; margin 28.7% vs 22.3%
- Advanced Surface Technologies segment sales down 6.3% to $109.4M on semicon slowdown; EBITDA down 15.5% to $29.5M
- Adjusted diluted EPS from continuing ops rose 25% to $1.95; net income $26.0M up 118.5% vs $11.9M
- Maintained FY 2023 guidance: revenue flat to low-single-digit growth, adj. EBITDA $248-$260M, adj. EPS $6.45-$7.05
- Generated $26.4M operating cash flow; paid $0.29 quarterly dividend; net leverage reduced to 1.6x