Financial Performance - Fourth quarter 2024 sales reached $258.4 million, a 3.7% increase year-over-year, while full year sales totaled $1.05 billion, down 1.0%[4][15] - GAAP net income from continuing operations for Q4 2024 was $13.9 million, compared to a loss of $4.9 million in the prior year, and full year net income increased to $72.9 million from $10.8 million[4][17] - Adjusted EBITDA for Q4 2024 was $58.2 million, a 24.1% increase from $46.9 million last year, with full year adjusted EBITDA rising 7.1% to $254.8 million[4][10][18] - Diluted earnings per share from continuing operations for Q4 2024 improved to $0.66, compared to a diluted loss per share of $0.23 in the prior year, while full year diluted earnings per share increased to $3.45 from $0.51[4][17] - Net income attributable to Enpro Inc. for 2024 was $72.9 million, up from $22.2 million in 2023, marking a 228.8% increase[33] - Basic earnings per share for continuing operations were $3.48 in 2024, compared to $0.52 in 2023, indicating a substantial increase[33] - Adjusted income from continuing operations attributable to Enpro Inc. for Q4 2024 was $33.2 million, or $1.57 per diluted share, compared to $25.0 million, or $1.19 per diluted share in Q4 2023[48] - Adjusted income from continuing operations attributable to Enpro Inc. was $146.9 million for 2024, with diluted earnings per share of $6.96, up from $137.0 million and $6.54 in 2023[49] Sales and Segment Performance - Strong performance in Sealing Technologies contributed to Q4 sales growth, with a 10.9% increase in segment sales to $163.0 million[12] - Advanced Surface Technologies segment sales decreased by 6.4% in Q4 2024, totaling $95.6 million, reflecting ongoing challenges in semiconductor capital equipment spending[14][18] - Sales for Sealing Technologies increased to $163.0 million in Q4 2024, up 10.9% from $147.0 million in Q4 2023[39] - Advanced Surface Technologies reported sales of $95.6 million in Q4 2024, a decrease of 6.4% from $102.1 million in Q4 2023[39] - Total sales for Enpro Inc. reached $258.4 million in Q4 2024, compared to $249.1 million in Q4 2023, reflecting a growth of 3.7%[39] Cash Flow and Financial Position - The company generated $162.9 million in cash flow from continuing operations in 2024, with free cash flow of $130.0 million after capital expenditures[19] - Enpro ended 2024 with cash of $236.3 million and $390 million available under its revolving credit facility, resulting in a net leverage ratio of approximately 1.6x[20] - Cash and cash equivalents decreased to $236.3 million in 2024 from $369.8 million in 2023, a decline of 36.0%[37] - The company reported a net cash provided by operating activities of $162.9 million for 2024, down from $208.4 million in 2023[35] - Enpro's total liabilities decreased to $1,062.9 million in 2024 from $1,071.9 million in 2023, a reduction of 0.8%[37] Guidance and Future Outlook - The company introduced 2025 guidance, expecting revenue growth in the low to mid-single-digit range, adjusted EBITDA between $262 million and $277 million, and adjusted diluted earnings per share of $7.00 to $7.70[4][22] - The company is focused on expanding its presence in semiconductor and life sciences markets, with ongoing investments in new technologies and facilities[29] Operational Efficiency - Gross profit for the year ended December 31, 2024, was $444.8 million, compared to $426.8 million in 2023, reflecting a 4.7% increase[33] - Operating income for the year increased significantly to $142.3 million from $76.8 million in 2023, representing an 85.5% growth[33] - Corporate expenses for the year ended December 31, 2024, totaled $46.4 million, down from $51.1 million in 2023[42] - Adjusted EBITDA for the year ended December 31, 2024, was $254.8 million, an increase from $238.0 million in 2023, indicating a growth of approximately 7.2%[54] - Free cash flow for the year ended December 31, 2024, was $130.0 million, down from $174.1 million in 2023, reflecting a decrease of about 25.4%[55] Environmental and Acquisition Expenses - The company incurred acquisition expenses of $4.3 million in 2024, compared to $1.1 million in 2023, indicating increased investment in growth initiatives[49] - Environmental reserve adjustments amounted to $5.7 million in 2024, up from $2.9 million in 2023, highlighting a focus on environmental liabilities[54] Depreciation and Tax Management - Depreciation and amortization expense increased to $100.3 million in 2024 from $94.5 million in 2023, reflecting ongoing capital investments[54] - The effective tax rate used for adjusted income tax expense was normalized at 25.0%, providing a clearer view of the company's tax obligations[52]

Enpro (NPO) came out with quarterly earnings of $1.74 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.84%. A quarter ago, it was expected that this industrial products maker would post earnings of $1.85 per share when it actually produced earnings of $2.08, delivering a surprise of 12.43%.Over the last four quarters, the c ...

Exhibit 99.1 News Release Enpro Reports Third Quarter 2024 Results Updates Guidance for Full Year 2024 Third Quarter 2024 Highlights (All results reflect comparisons to prior-year period, from continuing operations, unless otherwise noted) (*Non-GAAP measure. See the attached schedules for adjustments and reconciliations of historical measures to GAAP measures) • Sales of $260.9 million up 4.1%; organic sales up 0.9% • GAAP income from continuing operations attributable to Enpro Inc., net of tax of $19.8 mi ...

Financial Data and Key Metrics Changes - Sales for Q2 2024 were $271.9 million, a decrease of 1.8% compared to the prior year, with organic sales declining by 5% primarily due to lower results in the Advanced Surface Technologies (AST) segment [8][10] - Adjusted EBITDA for Q2 2024 was $74 million, an increase of 14% year-over-year, with an adjusted EBITDA margin of 27.2%, up 380 basis points [9][10] - Adjusted diluted earnings per share were $2.08, an increase of almost 14% year-over-year [10] Business Line Performance Changes - In the Sealing Technologies segment, sales were $184 million, an increase of over 4%, with adjusted segment EBITDA margin exceeding 35% [10][11] - The Advanced Surface Technologies segment saw sales of $88.1 million, down approximately 12% year-over-year, but adjusted segment EBITDA margins improved to 21.7%, up 160 basis points sequentially [7][13] Market Performance Changes - The semiconductor market remains soft, particularly for semiconductor capital equipment, but there are signs of recovery in certain areas [5][12] - Demand in food and pharma increased during Q2, although it remains choppy, especially in Europe [6] Company Strategy and Industry Competition - The company is focused on executing a multi-year strategy to drive growth in AST's attractive markets through capacity expansions and efficiency improvements [7][18] - The company continues to pursue strategic opportunities in adjacent markets that build upon core competencies [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Sealing Technologies segment's performance and outlook, citing strong profitability despite soft demand in some markets [4][19] - The company narrowed its full-year 2024 earnings guidance, now expecting total sales to be approximately flat compared to 2023, primarily due to the expected recovery in semiconductor capital equipment being delayed [16][18] Other Important Information - The balance sheet remains strong, with a net leverage ratio of approximately two times trailing 12-month adjusted EBITDA [14] - Free cash flow in the first half of 2024 was $35.5 million, down from $66.5 million last year, but the company expects free cash flow to exceed $100 million for the year [15] Q&A Session Summary Question: Sustainability of Sealing Margins - Management indicated that they expect to maintain pricing and have seen supply chain savings, with a shift in mix from OEM to aftermarket sales supporting margins [21][22] Question: Contribution of New Products - New products like Auto-Torq are contributing incrementally but are not yet material [23][24] Question: Trends in AST - Management noted that the cleaning business is performing well, with gradual recovery in coatings and refurbishment solutions [33] Question: Capital Expenditures - The expected capital expenditures of approximately $60 million may see some spending pushed into 2025 due to timing and supply chain issues [42]

Enpro (NPO) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 12.43%. A quarter ago, it was expected that this industrial products maker would post earnings of $1.54 per share when it actually produced earnings of $1.57, delivering a surprise of 1.95%. Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) ENPRO INC. (Exact name of registrant, as specified in its charter) _____________________________________ North Carolina 01-0573945 (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.) 5605 Carnegie Boulevard Suite 500 Charlotte North Carolina 28209 (Address of principal executive offices) (Zip Code) (704) 731-1500 (Registrant's telephone number ...

Enpro Inc. (NYSE:NPO) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants James Gentile ??? Vice President-Investor Relations Eric Vaillancourt ??? President and Chief Executive Officer Milt Childress ??? Executive Vice President Joe Bruderek ??? Executive Vice President and Chief Financial Officer Conference Call Participants Jeff Hammond ??? KeyBanc Capital Markets Steve Ferazani ??? Sidoti & Co. Isaac Sellhausen ??? Oppenheimer Operator Hello, and welcome to the Enpro Q1 2024 Ear ...

| --- | --- | --- | |------------------------------------|-------|-------| | | | | | | | | | First Quarter 2024 Earnings Review | | | | May 7, 2024 | | | Forward-Looking Statements Statements in this presentation that express a belief, expectation or intention, including the 2024 guidance and other statements that are not historical fact, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They involve a number of risks and uncertainties that may cause actual events an ...

Enpro (NPO) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.95%. A quarter ago, it was expected that this industrial products maker would post earnings of $1.47 per share when it actually produced earnings of $1.19, delivering a surprise of -19.05%.Over the last four quarters, the c ...

Exhibit 99.1 News Release Enpro Reports First Quarter 2024 Results First Quarter 2024 Highlights (All results reflect comparisons to prior-year period, from continuing operations, unless otherwise noted) (*Non-GAAP measure. See the attached schedules for adjustments and reconciliations of historical measures to GAAP measures) CHARLOTTE, NC, May 7, 2024 -- Enpro Inc. (NYSE: NPO) today announced its financial results for the three months ended March 31, 2024. "We began the year with strong profitability in Se ...