secwatch.observer — SEC 8-K summary
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Issuer:     Enpro Inc. (NPO)
CIK:        0001164863
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001164863-23-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EnPro Q3 2023: sales down 10.5% to $250.7M, GAAP EPS $0.39 vs $1.26; guidance cut to low end
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164863/000116486323000051/0001164863-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164863/000116486323000051/npo-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001164863-23-000051

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