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].

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 ...