earnings
confidence high
sentiment negative
materiality 0.75
EnPro Q3 2023: sales down 10.5% to $250.7M, GAAP EPS $0.39 vs $1.26; guidance cut to low end
Enpro Inc.
2023-Q3 EPS reported
$1.29
revenue$810,200,000
- GAAP net income from continuing ops $8.3M ($0.39 diluted EPS) vs $26.2M ($1.26) a year ago; adjusted EPS $1.58 vs $1.89.
- Adjusted EBITDA $57.7M, margin 23.0%, down 19.1% YoY; Advanced Surface Technologies sales -27%, Sealing Technologies +2.2% sales, +20.9% EBITDA.
- FY2023 guidance lowered: expects adjusted EBITDA and adjusted EPS toward lower end of prior ranges ($248-256M and $6.70-$7.10).
- Free cash flow $134.1M YTD; regular quarterly dividend $0.29/share declared, payable Dec 13, 2023 to holders of record Nov 29.
- Cash $329.8M, debt $648.6M; repaid $133.7M Term Loan A-1 in July.