Company Performance - Enpro (NPO) reported quarterly earnings of $1.74 per share, missing the Zacks Consensus Estimate of $1.93 per share, but showing an increase from $1.58 per share a year ago, resulting in an earnings surprise of -9.84% [1] - The company posted revenues of $260.9 million for the quarter ended September 2024, which was 1.14% below the Zacks Consensus Estimate and an increase from $250.7 million year-over-year [2] - Over the last four quarters, Enpro has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Market Context - Enpro shares have declined approximately 6.4% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] - The current consensus EPS estimate for the upcoming quarter is $1.82 on revenues of $265.9 million, and for the current fiscal year, it is $7.40 on revenues of $1.06 billion [7] - The Zacks Industry Rank indicates that the Technology Services sector is in the top 32% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8] Future Outlook - The sustainability of Enpro's stock price movement will largely depend on management's commentary during the earnings call and the revisions of earnings estimates in the near future [3][4] - The estimate revisions trend for Enpro is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market [6]

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 ...

Financial Performance - Total third-party sales for the year ended December 31, 2023, were $1,059.3 million, with the semiconductor market contributing the largest share at $363.5 million, representing 34.3% of total sales[34]. - The company reported a total adjusted segment EBITDA reconciliation for the years ended December 31, 2023, 2022, and 2021, indicating ongoing financial performance tracking[257]. - The company has $299.3 million outstanding on the Amended Credit Agreement as of December 31, 2023, with a variable interest rate that adjusts at least quarterly[260]. - The company has fixed rate debt obligations totaling $350.9 million as of December 31, 2023, with an average interest rate of 5.7%[259]. Sales and Market Reach - The Sealing Technologies segment generated approximately two-thirds of its total revenue from aftermarket or recurring revenue, indicating strong customer reliance on its products[38]. - As of December 31, 2023, the company had a backlog of orders valued at $225.4 million, down from $310.7 million at the end of 2022, with $110.4 million related to Sealing Technologies and $115.0 million to Advanced Surface Technologies[61]. - Approximately 43% of Sealing Technologies segment sales were delivered to customers outside the United States in 2023, highlighting the company's global reach[46]. - The Advanced Surface Technologies segment's products and solutions accounted for approximately 34% of sales delivered to customers outside the United States in 2023, indicating a significant international presence[55]. - The Sealing Technologies segment serves a variety of markets, including aerospace, food and pharmaceutical, and oil and gas, with general industrial and commercial vehicle markets being significant contributors[34][37]. Research and Development - The company employs scientists, engineers, and technicians to focus on research and development, with a significant portion of spending directed towards semiconductor manufacturing equipment solutions[60]. - The Advanced Surface Technologies segment includes four operating businesses, each specializing in high-growth markets and demanding applications, such as semiconductor manufacturing and life sciences[50]. Quality and Compliance - The company maintains stringent quality control standards, with 31 manufacturing and service facilities ISO 9000 certified as of December 31, 2023[63]. - The company aims to align with ISO 45001 at major manufacturing locations in 2024 to enhance safety culture and programs[70]. Competition and Differentiation - The Sealing Technologies segment differentiates itself from competitors through product performance, reliability, and customer service, with major competitors including A.W. Chesterton Company and Parker Hannifin Corporation[47]. Workforce and Diversity - As of December 31, 2023, the company had approximately 3,500 employees, with 66% in North America, 12% in Europe, and 22% in Asia Pacific[67]. - The company’s gender and ethnic/racial diversity, including senior management, is 47% diverse, reflecting its commitment to a diverse and inclusive environment[73]. - The company has implemented a new performance management and development process in 2023, emphasizing manager engagement and employee ownership[69]. - The company has a company-wide minimum wage of $15 per hour in the United States, along with a comprehensive benefits program[71]. Community Engagement - The company has contributed $1.75 million to the Enpro Foundation since its formation in 2020, with $690,000 in donations focused on charitable organizations nominated by employees[75]. Foreign Exchange and Hedging - The notional amount of foreign exchange contracts hedging foreign currency transactions was $110.5 million as of December 31, 2023, compared to $103.3 million in 2022[261].