NYSE$NPO

Enpro Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Enpro Industries reported mixed results for Q1 2020, with sales declining but profitability improving due to strategic actions and cost management.

EnPro Industries reported a decrease in sales by 6.7% to $282.7 million, but an increase in segment profit by 7.8% to $29.1 million. Adjusted EBITDA increased by 19.4% to $40.6 million, and adjusted diluted earnings per share increased by 37.8% to $0.62. The company withdrew its 2020 guidance due to macroeconomic uncertainty related to the COVID-19 pandemic.

  • Sales decreased by 6.7% to $282.7 million due to weakness in heavy-duty truck, general industrial, automotive, and petrochemical markets.
  • Segment profit increased by 7.8% to $29.1 million, driven by acquisitions and cost reductions.
  • Adjusted EBITDA increased by 19.4% to $40.6 million, with adjusted EBITDA margin improving to 14.4%.
  • The company withdrew its 2020 guidance due to the uncertainty surrounding the COVID-19 pandemic.

Headline financials

Total Revenue

$283M

Previous: $360M-21.5%
EPS (adj)

$0.62

Previous: $0.72-13.9%
Adjusted EBITDA

$40.6M

Previous: $34M+19.4%
Adjusted EBITDA Margin

14.4%

Previous: 11.2%+28.6%
Capital Expenditures

-$5.2M

Previous: -$10.3M+49.5%
Free Cash Flow

$214M

Previous: $2.8M+7525.0%
Net Income

$219M

Previous: $13.1M+1569.5%
Operating Income

$20.5M

Previous: $23.9M-14.2%
Gross Profit

$95.3M

Previous: $113M-15.7%
Cash & Equivalents

$391M

Previous: $131M+198.7%
Total Assets

$2.04B

Previous: $1.75B+16.9%
Stock-Based Comp

$1.3M

Previous: $1.7M-23.5%

Revenue & EPS history

Enpro · Revenue · Quarterly

$283M

Q1 2020-21.5%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Enpro · $284M total across 2 segments · Q1 2020

  • Sealing Technologies
    $216M
  • Advanced Surface Tech
    $67.9M

Forward guidance

EnPro Industries withdrew its 2020 adjusted EBITDA and adjusted diluted EPS guidance due to the evolving macroeconomic climate and uncertainty surrounding the COVID-19 pandemic. They are also suspending their quarterly practice of providing updated guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+1.6%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+19.9%

Q4 2015

Best reaction

-16.5%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%+6.9%+9.5%
Q4 2025-0.1%+2.2%-8.0%
Q3 2025-5.8%-8.9%-3.4%
Q1 2025+6.8%+12.0%+21.6%
Q4 2024+6.2%+1.6%-11.8%
Q3 2024+13.1%+11.5%+33.1%
Q2 2024+1.1%+2.4%+1.3%
Q1 2024-4.0%-0.9%-1.4%
Q4 2023-6.0%-4.2%-0.4%
Q3 2023+1.4%+3.1%+11.6%
Q2 2023-4.5%-2.8%-9.4%
Q1 2023+7.4%+5.5%+8.8%
Q4 2022-7.7%-8.0%-18.7%
Q3 2022+4.0%+13.5%+11.6%
Q2 2022+5.0%+6.3%-3.6%
Q1 2022-1.9%-1.7%+4.3%
Q4 2021-3.2%-1.7%-8.3%
Q3 2021+13.8%+17.7%+17.4%
Q2 2021-7.5%-6.2%-6.6%
Q1 2021+3.4%-1.3%+6.5%
Q4 2020+1.7%+1.4%+6.8%
Q3 2020+0.2%+2.9%+16.9%
Q2 2020+12.1%+19.5%+19.3%
Q1 2020-4.7%+2.9%+13.6%
Q4 2019-2.6%-7.3%-27.2%
Q3 2019-7.3%-5.9%-11.6%
Q2 2019+6.4%-0.3%-10.7%
Q1 2019-12.8%-9.7%-25.3%
Q4 2018+1.1%+4.2%-3.2%
Q3 2018+14.7%+17.9%+17.1%
Q2 2018-8.2%-2.3%-1.7%
Q1 2018-10.0%-5.7%-2.8%
Q4 2017-9.3%-7.4%-6.3%
Q3 2017+3.3%+4.1%+6.0%
Q2 2017+4.7%+1.7%-4.6%
Q1 2017+2.8%+3.3%-5.4%
Q4 2016-6.0%-7.7%-2.9%
Q3 2016-0.5%+3.9%+14.3%
Q2 2016+9.9%+8.6%+17.9%
Q1 2016-16.5%
Q4 2015+19.9%
Q3 2015+11.9%
Q2 2015-3.5%
Q1 2015-8.8%
Q4 2014+2.1%
Q3 2014+1.6%
Q2 2014-8.3%
Q1 2014-0.1%
Q4 2013-0.3%
Q3 2013-3.4%
Q2 2013+3.7%
Q1 2013-0.5%
Q1 2010+2.3%
Q4 2012+0.1%
Q3 2012+4.3%
Q2 2012-2.9%
Q1 2009-1.0%
Q1 2012-1.2%
Q4 2009-0.2%
Q4 2011-0.2%
Q3 2009-3.3%
Q3 2010-3.3%
Q4 2010-3.3%
Q2 2010-1.8%
Q2 2009-1.8%

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