EnPro Industries (NPO) Tops Q1 EPS by 22c, Revenues Miss; Withdraws FY20 Guidance
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EnPro Industries Reports First Quarter 2020 Results
May 5, 2020 6:30 AM EDTFirst Quarter 2020 Highlights
(All results reflect comparisons to prior-year period and Fairbanks Morse as a discontinued operation unless otherwise noted)
Sales decreased 6.7% to $282.7 million Segment profit increased 7.8% to $29.1 million Income from continuing operations attributable to EnPro Industries, Inc. increased 29.5% to $10.1 million Adjusted EBITDA increased 19.4% to $40.6 million Diluted earnings per share attributable to EnPro Industries, Inc. continuing operations increased 32.4% to $0.49 Adjusted diluted earnings per share increased 37.8% to $0.62 The divestiture of Fairbanks Morse closed on January 21, 2020 Withdrawing 2020 guidance due to macroeconomic uncertainty surrounding the... More