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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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