Enpro Q2 2021 Earnings Report
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.
Enpro
Enpro
Enpro 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