Enpro Q1 2020 Earnings Report
Key Takeaways
EnPro Industries reported a decrease in sales by 6.7% to $282.7 million, but an increase in segment profit by 7.8% to $29.1 million. Adjusted EBITDA increased by 19.4% to $40.6 million, and adjusted diluted earnings per share increased by 37.8% to $0.62. The company withdrew its 2020 guidance due to macroeconomic uncertainty related to the COVID-19 pandemic.
Sales decreased by 6.7% to $282.7 million due to weakness in heavy-duty truck, general industrial, automotive, and petrochemical markets.
Segment profit increased by 7.8% to $29.1 million, driven by acquisitions and cost reductions.
Adjusted EBITDA increased by 19.4% to $40.6 million, with adjusted EBITDA margin improving to 14.4%.
The company withdrew its 2020 guidance due to the uncertainty surrounding the COVID-19 pandemic.
Enpro
Enpro
Enpro Revenue by Segment
Forward Guidance
EnPro Industries withdrew its 2020 adjusted EBITDA and adjusted diluted EPS guidance due to the evolving macroeconomic climate and uncertainty surrounding the COVID-19 pandemic. They are also suspending their quarterly practice of providing updated guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income