EnPro Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 06:30 am EDT
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EnPro Industries, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 250.7 million compared to USD 280.1 million a year ago. Net income was USD 8.3 million compared to USD 26.9 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 1.26 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 1.26 a year ago. Basic earnings per share was USD 0.4 compared to USD 1.29 a year ago. Diluted earnings per share was USD 0.39 compared to USD 1.29 a year ago.
For the nine months, sales was USD 810.2 million compared to USD 827.3 million a year ago. Net income was USD 27.1 million compared to USD 78.1 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 3.09 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 3.08 a year ago. Basic earnings per share was USD 1.3 compared to USD 3.76 a year ago. Diluted earnings per share was USD 1.29 compared to USD 3.74 a year ago.
Enpro, Inc. is an industrial technology company. The Company is focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics and life sciences. The Company operates in two segments: Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment includes three operating divisions: Garlock, Technetics and STEMCO, which serves various industries, including pharmaceutical, food and beverage, pulp and paper, metals and mining, marine, water/wastewater, chemical processing, and power generation markets. The Advanced Surface Technologies segment includes four operating businesses: Technetics Semi, LeanTeq, Alluxa, and NxEdge, which applies technologies, processes, and capabilities to deliver differentiated suites of products and services for the applications in markets.