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Enpro
🇺🇸 NYSE:NPO
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•
Dec 31, 2023

Enpro Q4 2023 Earnings Report

Enpro's fourth quarter results reflected an 8.4% decrease in sales and a 12.2% decrease in adjusted EBITDA, while full year adjusted EBITDA margin reached 22.5%.

Key Takeaways

Enpro Inc. reported a decrease in sales for the fourth quarter of 2023, with organic sales declining by 9.0%. The GAAP loss from continuing operations improved, and the adjusted diluted earnings per share decreased by 8.5%. The company introduced 2024 guidance with revenue growth in the low to mid-single-digit range.

Sales decreased by 8.4% with organic sales declining by 9.0% in Q4 2023.

GAAP loss from continuing operations improved to $4.9 million.

Adjusted EBITDA decreased by 12.2% to $46.9 million.

Adjusted diluted earnings per share decreased by 8.5% to $1.19.

Total Revenue
$249M
Previous year: $272M
-8.4%
EPS
$1.19
Previous year: $1.47
-19.0%
Adjusted EBITDA
$46.9M
Previous year: $32.2
+145652073.9%
Adjusted EBITDA Margin
18.8%
Gross Profit
$96.3M
Previous year: $106M
-8.7%
Cash and Equivalents
$370M
Previous year: $334M
+10.6%
Free Cash Flow
$175M
Total Assets
$2.5B
Previous year: $2.65B
-5.6%

Enpro

Enpro

Enpro Revenue by Segment

Forward Guidance

The company expects 2024 revenue growth to be in the low to mid-single digit range, adjusted EBITDA to be in the range of $260 million to $280 million and adjusted diluted earnings per share from continuing operations to be in the range of $7.00 to $7.80.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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