EnPro Industries Reports Results for the Third Quarter of 2019
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EnPro Industries (NPO) Misses Q3 EPS by 18c, Revenues Miss; Lowers FY19 EPS Guidance Below Consensus
November 5, 2019 6:58 AM ESTEnPro Industries (NYSE: NPO) reported Q3 EPS of $1.13, $0.18 worse than the analyst estimate of $1.31. Revenue for the quarter came in at $373 million versus the consensus estimate of $385.07 million.
CEO Comment
Overall, results in the heavy-duty trucking portion of our Sealing Products segment overshadowed a strong year-over-year third quarter operating performance in the rest of our company. Third quarter sales were down 3.9%, segment profit was down 29.6%, and adjusted EBITDA was down 14.8%, all versus the prior year, as a result of challenges in heavy-duty trucking. Excluding the heavy-duty trucking business, third quarter sales were... More
