Enpro Q3 2024 Earnings Report
Key Takeaways
Enpro Inc. reported a 4.1% increase in sales to $260.9 million for Q3 2024. Operating income increased by 7%, leading to an operating margin of 13.1%. Adjusted EBITDA rose by 11.1% to $64.1 million, with an adjusted EBITDA margin of 24.6%. The company has reduced its full-year guidance for adjusted EBITDA to $250 to $255 million and adjusted diluted earnings per share to $6.75 to $7.00.
Sales increased by 4.1% to $260.9 million; organic sales were up by 0.9%.
Operating income increased by 7%, with the operating margin up 40 basis points to 13.1%.
Adjusted EBITDA increased by 11.1% to $64.1 million; adjusted EBITDA margin increased by 160 bps to 24.6%.
GAAP diluted earnings per share from continuing operations was $0.94, compared to $0.39 in the prior year.
Enpro
Enpro
Enpro Revenue by Segment
Forward Guidance
Enpro now expects 2024 revenue to be down low-single-digits compared with 2023. Expected adjusted EBITDA and adjusted diluted earnings per share for 2024 are now expected to be $250 million to $255 million and $6.75 to $7.00, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income