EnPro Q2 GAAP loss $0.89/share on $60.8M goodwill impairment; adj. EPS $1.83 down 10.7%

Enpro Inc.

2023-Q2 EPS reported $0.90 revenue$559,500,000

Sales $276.9M flat YoY; Sealing Technologies +13.3%, Advanced Surface Technologies –17.4%.
GAAP loss from cont. ops. $18.6M vs. income $26.1M; includes $60.8M non-cash goodwill impairment for Alluxa.
Adj. EBITDA $64.9M (-11.9% YoY); adj. EBITDA margin 23.4% vs. 26.6%.
FY2023 guidance: revenue flat, adj. EBITDA $248-256M (narrowed range), adj. EPS raised to $6.70-7.10.
Quarterly dividend $0.29/share declared; payable Sept 13, 2023 to holders of record Aug 30.

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 1.0

Enpro Inc. reported three and six months ended June 30, 2023 results: revenue $276.9 million, net income $18.6 million loss, EPS $0.89 loss per diluted share.

Period: three and six months ended June 30, 2023
Revenue: $276.9 million
Net income: $18.6 million loss
EPS: $0.89 loss per diluted share
Result: reported results

Exact text from the filing

operations, unless otherwise noted) ( * Non-GAAP measure. See the attached schedules for adjustments and reconciliations of historical measures to GAAP numbers) • Sales of $276.9 million essentially flat; organic sales up 0.4% • Strong sales and earnings performance in Sealing Technologies roughly offset weakness expected in Advanced Surface Technologies • GAAP

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Source: SEC EDGAR

accession 0001164863-23-000043

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