EnPro Industries(NPO)

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EnPro Industries(NPO) - 2021 Q3 - Quarterly Report
2021-11-05 17:33
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, 2021 ☐ 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 ...
EnPro Industries(NPO) - 2021 Q3 - Earnings Call Transcript
2021-11-05 17:25
EnPro Industries, Inc. (NYSE:NPO) Q3 2021 Earnings Conference Call November 5, 2021 8:30 AM ET Company Participants James Gentile ??? Vice President-Investor Relations Eric Vaillancourt ??? Interim President and Chief Executive Officer Milt Childress ??? Executive Vice President and Chief Financial Officer Conference Call Participants Jeff Hammond ??? KeyBank Capital Markets Ian Zaffino ??? Oppenheimer Steve Ferazani ??? Sidoti Justin Bergner ??? Gabelli Operator Hello, and welcome to the EnPro Industries?? ...
EnPro Industries (NPO) Investor Presentation - Slideshow
2021-10-04 22:23
Investor Presentation September 2021 ENPRO Forward-Looking Statements Statements made in the course of 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 to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limi ...
EnPro Industries(NPO) - 2021 Q2 - Earnings Call Presentation
2021-08-08 08:45
Second Quarter 2021 Earnings Review August 3, 2021 Forward-Looking Statements Statements made in the course of this presentation that express a belief, expectation or intention, as well as those that are not historical fact, are forwardlooking 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 to differ materially from such forward-looking statements. These risks and uncertainties include, but are n ...
EnPro Industries(NPO) - 2021 Q2 - Earnings Call Transcript
2021-08-08 07:26
Financial Data and Key Metrics Changes - Sales for Q2 2021 were $298.6 million, representing a 20.9% increase year-over-year, with organic sales up 27.1% [12][19] - Adjusted EBITDA for the quarter was $57.2 million, a 52.5% increase compared to the prior year, with an adjusted EBITDA margin of 19.2%, up 400 basis points [14][21] - Adjusted diluted earnings per share increased by 77.3% to $1.56 compared to the prior year [23] Business Segment Data and Key Metrics Changes - Sealing Technologies segment sales were $162.5 million, up 7.9% year-over-year, with adjusted segment EBITDA increasing 39% to $42.4 million [25][26] - Advanced Surface Technologies (AST) sales reached $59.2 million, a 48% increase, with adjusted segment EBITDA rising 41.8% to $15.6 million [27][28] - Engineered Materials segment sales were $80 million, a 36.5% increase, with adjusted segment EBITDA increasing 165% to $13 million [30][33] Market Data and Key Metrics Changes - Strong demand was noted in the general industrial, semiconductor, heavy-duty truck, food and pharma, automotive, and petrochemical markets [17] - Order trends were at the highest level in three years, indicating broad-based strength across businesses [17] Company Strategy and Development Direction - The company aims to continue investing in organic growth opportunities and maintain a clear and consistent strategy [41] - The management transition is not expected to impact the company's strategic direction or financial results [50][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges posed by raw material inflation and supply chain disruptions [16][80] - The company raised its full-year guidance for adjusted EBITDA to a range of $200 million to $210 million, reflecting positive order patterns [37] Other Important Information - The company ended the quarter with cash of $262 million and a net debt to adjusted EBITDA ratio of approximately one times, indicating solid financial flexibility [35] - Free cash flow for the first six months of 2021 was $48 million, up from $25 million in the prior year [36] Q&A Session Summary Question: Impact of CEO Change on Strategy and M&A - The CEO change was a mutual agreement and does not affect the company's strategy or financial results, with a search for a permanent CEO underway [50][51] Question: AST Margins and Start-up Costs - Start-up costs and foreign exchange transaction costs impacted margins, totaling over $1 million for the quarter, but the outlook for the semiconductor market remains positive [53][59] Question: Automotive Sales and Chip Shortage - Automotive sales saw a sequential decline due to supply chain issues, but recovery is expected in the latter part of the year [70] Question: International Market Performance - European sales have shown growth, but a moderation in Q3 is expected due to holiday seasons [76] Question: Pricing vs. Cost Management - The company has successfully implemented pricing strategies to offset rising costs, particularly in the Engineered Materials segment [80][82] Question: M&A Opportunities - The company remains ready to pursue M&A opportunities, with support from the Board, regardless of the CEO transition [90][92]
EnPro Industries(NPO) - 2021 Q2 - Quarterly Report
2021-08-04 19:34
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, 2021 ☐ 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 ...
EnPro Industries(NPO) - 2021 Q1 - Earnings Call Presentation
2021-05-14 22:47
First Quarter 2021 Earnings Review May 7, 2021 D Forward-Looking Statements Statements made in the course of 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 to differ materially from such forward-looking statements. These risks and uncertainties include, but are no ...
EnPro Industries(NPO) - 2021 Q1 - Quarterly Report
2021-05-07 16:04
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 March 31, 2021 ☐ 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 nam ...
EnPro Industries(NPO) - 2020 Q4 - Annual Report
2021-03-01 20:06
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, 2020 ☐ 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 spe ...
EnPro Industries(NPO) - 2020 Q3 - Quarterly Report
2020-11-03 22:02
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, 2020 ☐ 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 ...