earnings
confidence high
sentiment neutral
materiality 0.75
Enpro Q4 sales down 8.4%, adjusted EPS $1.19; guides 2024 adj. EBITDA $260-280M
Enpro Inc.
2023-FY EPS reported
$1.05
revenue$1,059,300,000
- Q4 sales $249.1M (-8.4% YoY); GAAP loss from cont. ops improved to $4.9M from $57.5M.
- Adjusted diluted EPS $1.19 (-8.5% YoY); full year adj. EPS $6.54.
- Sealing Technologies segment margin 26.1% (flat); AST margin 22.4% (down from 25.0%).
- 2024 guidance: revenue low-mid single digit growth, adj. EBITDA $260-280M, adj. EPS $7.00-$7.80.
- Completed acquisition of AMI for $210M in Jan 2024; quarterly dividend increased 3.4% to $0.30/share.