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Dec 31, 2019
Enpro Q4 2019 Earnings Report
Enpro Industries reported results for Q4 2019
Key Takeaways
Enpro Industries reported a decrease in sales by 1.4% to $286.5 million, but an increase in segment profit by 145.2% to $28.2 million for the quarter. Adjusted EBITDA increased 27.7% to $43.3 million. The company completed the divestiture of its Fairbanks Morse division and provided 2020 guidance.
Sales decreased 1.4% to $286.5 million for the quarter.
Segment profit increased 145.2% to $28.2 million for the quarter.
Adjusted EBITDA increased 27.7% to $43.3 million for the quarter.
Adjusted diluted earnings per share from continuing operations increased 54% to $0.57 for the quarter.
Enpro
Enpro
Enpro Revenue by Segment
Revenue by Segment
Sealing Technologies Revenue
CapyFin.comAdvanced Surface Technologies Revenue
CapyFin.com Forward Guidance
EnPro Industries expects current trends to continue through the first half of the year in most markets and continued weakness in the heavy-duty truck market. Adjusted EBITDA for 2020 is expected to be between $180 million and $190 million, with 18-20% occurring in the first quarter, and 2020 adjusted diluted earnings per share from continuing operations to be between $2.82 and $3.14.
Positive Outlook
- Cost reductions across EnPro
- Increased earnings in semiconductor businesses
- Increased earnings in food and pharma businesses
- Adjusted EBITDA for 2020 is expected to be between $180 million and $190 million
- 2020 adjusted diluted earnings per share from continuing operations to be between $2.82 and $3.14
Challenges Ahead
- Current trends continue through the first half of the year in most markets
- Continued weakness throughout the year in the heavy-duty truck market.
- Anticipated impact of the Coronavirus
- Full-year guidance excludes changes in the number of shares outstanding
- Full-year guidance excludes impacts from future acquisitions, dispositions and related transaction costs, restructuring costs, incremental impacts of tariffs and trade tensions on market demand and costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income