Enpro Q3 2020 Earnings Report
Key Takeaways
EnPro Industries reported a 10.3% decrease in sales to $268.3 million. Loss from continuing operations was $21.6 million, including pretax charges of $21.1 million for asset impairments and $21.4 million for legal settlements. Adjusted EBITDA decreased 1.4% to $42.1 million, while adjusted EBITDA margin increased 140 bps to 15.7%. Diluted loss per share was $1.05, and adjusted diluted earnings per share decreased 8.2% to $0.67.
Sales decreased 10.3% to $268.3 million.
Loss from continuing operations was $21.6 million, impacted by pretax charges.
Segment profit increased 3.9% to $29.5 million, driven by strategic portfolio actions.
Adjusted EBITDA decreased 1.4% to $42.1 million; adjusted EBITDA margin increased to 15.7%.
Enpro
Enpro
Forward Guidance
For the full year, the company expects a year-over-year sales decline of a little over 15% and adjusted EBITDA margins of approximately 15%.