NYSE$NPO
Enpro Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Enpro's third quarter performance was impacted by weakness in Advanced Surface Technologies, which was partially offset by solid results in Sealing Technologies. Adjusted EBITDA margin remained healthy at 23.0%.
Enpro Industries reported a decrease in sales by 10.5% to $250.7 million, with organic sales down 10.8%. Income from continuing operations attributable to EnPro Industries was $8.3 million, down from $26.2 million in the prior year. Adjusted EBITDA decreased by 19.1% to $57.7 million, with adjusted EBITDA margin at 23.0%.
- Sales decreased by 10.5% to $250.7 million; organic sales declined by 10.8%.
- GAAP income from continuing operations attributable to EnPro Industries was $8.3 million, compared to $26.2 million last year.
- Adjusted EBITDA decreased by 19.1% to $57.7 million; adjusted EBITDA margin was 23.0%.
- Adjusted diluted earnings per share decreased by 16.4% to $1.58 versus $1.89 last year.
Headline financials
Revenue & EPS history
Enpro · Revenue · Quarterly
$251M
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 continues to expect 2023 revenue to remain relatively flat compared to 2022. Adjusted EBITDA and adjusted diluted earnings per share for 2023 are now expected to be toward the lower end of our previous guidance ranges of $248 million to $256 million, and $6.70-$7.10, respectively.
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 Q3 2023
+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