Enpro Q3 2023 Earnings Report
Key Takeaways
Enpro Industries reported a decrease in sales by 10.5% to $250.7 million, with organic sales down 10.8%. Income from continuing operations attributable to EnPro Industries was $8.3 million, down from $26.2 million in the prior year. Adjusted EBITDA decreased by 19.1% to $57.7 million, with adjusted EBITDA margin at 23.0%.
Sales decreased by 10.5% to $250.7 million; organic sales declined by 10.8%.
GAAP income from continuing operations attributable to EnPro Industries was $8.3 million, compared to $26.2 million last year.
Adjusted EBITDA decreased by 19.1% to $57.7 million; adjusted EBITDA margin was 23.0%.
Adjusted diluted earnings per share decreased by 16.4% to $1.58 versus $1.89 last year.
Enpro
Enpro
Enpro Revenue by Segment
Forward Guidance
Enpro continues to expect 2023 revenue to remain relatively flat compared to 2022. Adjusted EBITDA and adjusted diluted earnings per share for 2023 are now expected to be toward the lower end of our previous guidance ranges of $248 million to $256 million, and $6.70-$7.10, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income