UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-K _____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-31225 _____________________________________________________ EN ...

Financial Data and Key Metrics Changes - Enpro reported adjusted EBITDA of $238 million for 2023, with total margins at 22.5% despite challenges in the semiconductor market [6][8] - Fourth quarter adjusted EBITDA was $46.9 million, a decrease of approximately 12% year-over-year, with an adjusted EBITDA margin of 18.8%, down 80 basis points [8][47] - Adjusted diluted earnings per share for the fourth quarter was $1.19, reflecting an 8.5% decrease compared to the prior year [47] Segment Performance Changes - Sealing Technologies sales were $147 million in the fourth quarter, down 6.3%, impacted by declines in commercial vehicle OEM sales and softness in various markets [9][19] - Advanced Surface Technologies (AST) sales for the fourth quarter were $102.1 million, a decrease of 11.5% year-over-year, primarily due to weakness in semiconductor capital equipment spending [20][42] - Adjusted segment EBITDA for Sealing Technologies decreased approximately 21% compared to the prior year, with a margin of 22.4% [49] Market Data and Key Metrics Changes - The commercial vehicle market is expected to see a 25% decline in trailer builds in 2024, affecting OEM demand [54] - The semiconductor market is anticipated to recover, with expectations of a near doubling by the end of the decade [16][55] - The aftermarket segment is expected to remain strong, benefiting from increased maintenance demand as OEM builds decline [93] Company Strategy and Industry Competition - Enpro's strategy includes technological differentiation, vertical integration, and regional expansion, particularly in the semiconductor sector [16][22] - The acquisition of Advanced Micro Instruments (AMI) is expected to enhance capabilities in compositional analysis and broaden the Sealing Technologies segment [43][108] - The company aims to maintain a disciplined focus on profitability while investing in growth opportunities across various segments [100] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the semiconductor market recovery, indicating that the first quarter of 2024 may represent the bottom of the decline [24][55] - The company expects total sales growth in the low to mid-single digits for 2024, with adjusted EBITDA projected between $260 million and $280 million [23][27] - Management noted that pricing power may not be as strong in 2024 due to moderating inflation compared to previous years [104] Other Important Information - Free cash flow for 2023 was over $174 million, significantly up from about $77 million in the prior year [50] - Capital expenditures for 2024 are expected to be around $60 million, focusing on growth investments in Advanced Surface Technologies [52][86] - The company celebrated a 59% reduction in total recordable incident rate and a 47% reduction in lost time case rate for safety achievements in 2023 [7] Q&A Session Summary Question: Clarification on organic growth guidance and AMI inclusion - Management clarified that AMI's contribution is included in the EBITDA guidance, with expectations of flat organic growth excluding AMI and AST [33][34] Question: Performance expectations for the aftermarket segment - The aftermarket is expected to remain strong, with pricing power holding steady despite OEM declines [93] Question: Insights on the semiconductor market recovery - Management noted early signs of recovery in the semiconductor market, with expectations for a gradual improvement [62][80] Question: Capital expenditures and growth investments - The increase in capital expenditures is attributed to geographic expansion and facility upgrades, particularly in Arizona and Asia [86][87] Question: Long-term margin expectations for Sealing Technologies - Long-term margins are expected to remain around 28%, depending on industry mix and volume [110]

Forward-Looking Statements Full-year guidance is subject to the risks and uncertainties referred to above and excludes changes in the number of shares outstanding, changes in long-term compensation expense due to changes in our common stock price, impacts from future and pending acquisitions, dispositions and related transaction costs, restructuring costs, incremental impacts of tariffs and trade tensions on market demand and costs subsequent to year end, and the impact of foreign exchange rate changes subs ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-31225 _________________________________________ ENPRO INDUSTRIES, INC. (Exact name of registrant, as specified in its c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-31225 _________________________________________ ENPRO INDUSTRIES, INC. (Exact name of registrant, as specified in its charte ...

| --- | --- | --- | --- | --- | --- | |-------|----------------|-----------------|--------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second | | Quarter 2023 | | | | | August 8, 2023 | Earnings Review | | | | Statements in this presentation that express a belief, expectation or intention, as well as those 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 uncertain ...

EnPro Industries, Inc. (NYSE:NPO) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants James Gentile - Vice President, Investor Relations Eric Vaillancourt - President and Chief Executive Officer Milt Childress - Executive Vice President and Chief Financial Officer Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Steve Ferazani - Sidoti and Company Ian Zaffino - Oppenheimer Operator Greetings and welcome to the EnPro First Quarter 2023 Earnings Conference Call. At ...

(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) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

| --- | --- | --- | --- | --- | |-------|-------|---------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Investor | | | | | | Presentation | | | | | | February-March 2023 | | | Statements in this presentation that express a belief, expectation or intention, as well as those 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 and results t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-K _____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-31225 _____________________________________________________ Se ...