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Jun 30, 2022
Enpro Q2 2022 Earnings Report
Enpro reported strong second quarter results and raised guidance.
Key Takeaways
Enpro Industries reported strong second quarter results with sales of $333.3 million, a 11.6% increase compared to the prior-year period. Adjusted EBITDA increased 43.4% to $82.0 million, and adjusted EBITDA margin increased 540 bps to 24.6%. The company raised its full-year revenue growth guidance to low-to-mid double digits and adjusted EBITDA guidance to $270-$280 million.
Sales of $333.3 million increased 11.6%; organic sales increased 9.5%.
Net income attributable to EnPro Industries, Inc. was $33.1 million compared to $29.3 million last year.
Adjusted EBITDA increased 43.4% to $82.0 million; adjusted EBITDA margin increased 540 bps to 24.6%.
Adjusted diluted earnings per share increased 48.7% to $2.32 versus $1.56 last year.
Revenue by Segment
Forward Guidance
The company expects 2022 revenue growth to be in the low-to-mid double-digit range and is raising adjusted EBITDA guidance to be in the range of $270 million to $280 million. Adjusted diluted earnings per share is expected to be in the range of $6.80 to $7.30.
Positive Outlook
- Revenue growth expected to be in the low-to-mid double-digit range.
- Adjusted EBITDA guidance increased to $270-$280 million.
- Adjusted diluted earnings per share expected to be in the range of $6.80 to $7.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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