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Jun 30, 2021
Enpro Q2 2021 Earnings Report
Enpro reported strong second quarter results, driven by portfolio reshaping, organic growth, and cost discipline, leading to improved operating leverage and increased full-year guidance.
Key Takeaways
Enpro Industries reported a strong second quarter with sales increasing by 20.9% to $298.6 million and adjusted EBITDA increasing by 52.5% to $57.2 million. The company's adjusted EBITDA margin improved by 400 bps to 19.2%. Based on these results, Enpro is raising its full-year guidance for sales, adjusted EBITDA, and adjusted diluted earnings per share.
Sales increased 20.9% to $298.6 million, with organic sales up 27.1%.
Adjusted EBITDA rose 52.5% to $57.2 million, with a margin of 19.2%, a 400 bps improvement.
Diluted earnings per share from continuing operations was $1.41, compared to a loss of $0.16 year-over-year.
Adjusted diluted earnings per share increased 77.3% to $1.56.
Revenue by Segment
Forward Guidance
Enpro Industries expects 2021 sales to be in the range of $1.075 billion to $1.125 billion, adjusted EBITDA to be in the range of $200 million to $210 million, and adjusted diluted earnings per share from continuing operations to be in the range of $5.16 to $5.50.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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