earnings
confidence high
sentiment neutral
materiality 0.65
Enpro Q2 adjusted EPS up 13.7% to $2.08; narrows FY adjusted EBITDA guidance to $260-$270M
Enpro Inc.
2024-Q2 EPS reported
$1.86
revenue$529,400,000
- Sales $271.9M, down 1.8% YoY (organic -5.0%); GAAP net income $26.7M vs loss of $18.6M.
- Adjusted EBITDA $74.0M, up 14.0%; margin 27.2% (+380 bps); Sealing Technologies adj EBITDA +16.2%.
- AST sales -12.2%, adj EBITDA -20.7%; sees gradual recovery in semiconductor capex.
- FY2024 guidance: adj EBITDA $260-$270M; adj EPS $7.00-$7.60; revenue now flat vs prior low-to-mid single-digit growth.
- Quarterly dividend $0.30 per share declared, payable Sept 18, 2024.