EnPro Industries (NPO) Tops Q2 EPS by 46c
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EnPro Industries Reports Second Quarter 2020 Results
August 4, 2020 6:30 AM EDTSecond Quarter 2020 Highlights
(All results reflect comparisons to prior-year period and Fairbanks Morse as a discontinued operation unless otherwise noted)
Sales decreased 22.1% to $247.0 million Segment profit decreased 72.9% to $10.7 million, driven primarily by the decline in sales volume and non-cash restructuring related costs, partially offset by cost reduction actions Loss from continuing operations attributable to EnPro Industries, Inc. was ($3.3) million, compared to income of $16.6 million in the prior-year period Adjusted EBITDA margin remained relatively stable, contracting approximately 30 basis points to 15.2%, with adjusted EBITDA of $37.5 million Diluted loss per share from... More