logo
  

EnPro Industries Reports Q2 Profit; Raises Annual Outlook

EnPro Industries, Inc. (NPO) on Tuesday announced income from continuing operations attributable to EnPro Industries of $29.3 million or $1.41 per share in the second quarter compared with loss of $3.3 million or $0.16 per share in the year-ago quarter.

Excluding items, adjusted income from continuing operations was $32.4 million or $1.56 per share, higher than 18 million or $0.88 per share in the corresponding quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.24 per share. Analysts' estimates typically exclude special items.

Sales for the quarter increased 20.9% to $298.6 million from $247 million last year, helped by growth in all segments. The consensus estimate was for $273.57 million.

Looking forward to the full year, EnPro is raising its sales outlook to the range of $1.075 billion to $1.125 billion from the previous outlook of $1.05 billion- $1.10 billion. Analysts see sales of $1.09 billion for the period.

The company has also raised its adjusted EPS from continuing operations in the full-year to the range of $5.16 to $5.50 from $4.74 - $5.08 provided earlier. The consensus estimate stands at $4.93 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lyons Magnus LLC has expanded its initial recall of nutritional and beverage products to include additional brands and code dates, the U.S. Food and Drug Administration announced. The products were recalled due to the potential for microbial contamination, including from the organisms Cronobacter sakazakii and Clostridium botulinum. Tesla Inc. founder and CEO Elon Musk has sold some of his stake in the luxury electric car maker to avoid an emergency sale of its stock in the event of a forceful Twitter deal. Twitter Inc. and Tesla shares were gaining more than 4 percent in the pre-market activity on the NYSE and Nasdaq, respectively, following the news. Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, has added three more new privacy features to WhatsApp in its bid to enhance control and privacy on the popular messaging app. These features will give the user more control over their messages with added interlocking layers of protection.
RELATED NEWS
Follow RTT