earnings
confidence high
sentiment negative
materiality 0.75
Enpro Q1 2024 EPS $0.59 vs $1.24 on 8.9% sales drop; Sealing EBITDA up 6.6%
Enpro Inc.
2024-Q1 EPS reported
$0.59
revenue$257,500,000
- Sales $257.5M, down 8.9% YoY; GAAP EPS from cont. ops $0.59 vs $1.24 (down 52.4%).
- Adjusted EPS $1.57 vs $1.95 (down 19.5%); adjusted EBITDA $58.4M (down 14.9%).
- Sealing Technologies: sales down 1%, adj. EBITDA up 6.6% to $53.0M (margin 30.9%).
- Advanced Surface Technologies: sales down 21.4%, adj. EBITDA down 41.2% to $17.3M.
- FY2024 guidance reaffirmed: adj. EBITDA $260-$280M, adj. EPS $7.00-$7.80; dividend $0.30/sh payable June 20.