NYSE$NPO
Enpro Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Enpro reported a strong second quarter, driven by record profitability in Sealing Technologies and sequential improvement in Advanced Surface Technologies.
Enpro Inc. reported a decrease in sales by 1.8% to $271.9 million, but experienced a significant increase in GAAP income from continuing operations, reaching $26.7 million compared to a loss of $18.6 million in the prior year. Adjusted EBITDA increased by 14.0% to $74.0 million, with adjusted diluted earnings per share up 13.7% to $2.08. The company has narrowed its full-year earnings guidance for adjusted EBITDA to $260 to $270 million and adjusted diluted earnings per share to $7.00 to $7.60.
- Sales decreased by 1.8% to $271.9 million; organic sales declined by 5.0%.
- GAAP income from continuing operations attributable to Enpro Inc. was $26.7 million, compared to a loss of $18.6 million.
- Adjusted EBITDA increased by 14.0% to $74.0 million; adjusted EBITDA margin increased by 380 bps to 27.2%.
- Adjusted diluted earnings per share from continuing operations increased by 13.7% to $2.08 versus $1.83.
Headline financials
Revenue & EPS history
Enpro · Revenue · Quarterly
$272M
Revenue by segment
Enpro · $251M total across 2 segments · Q3 2023
- Sealing Technologies$161M+2.2%64.4%
- Advanced Surface Tech$89.4M-27.0%35.6%
Forward guidance
Enpro now expects 2024 revenue to be approximately flat with 2023. Expected adjusted EBITDA and adjusted diluted earnings per share for 2024 are now expected to be in the ranges of $260 million to $270 million and $7.00 to $7.60, respectively.
Tailwinds
- Strong performance in Sealing Technologies
- Sequential improvement in sales in Advanced Surface Technologies
- Sequential improvement in adjusted segment EBITDA in Advanced Surface Technologies
- Resiliency of Enpro’s differentiated portfolio and business model
- Strength of balance sheet provides ample flexibility
Headwinds
- Slower semiconductor markets
- Weaker demand in commercial vehicle OEM
- Weaker demand in general industrial in Asia
- Magnitude of recovery in semiconductor capital equipment spending expected to be more gradual
- 2024 revenue expected to be approximately flat with 2023
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 Q2 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro