NYSE$NPO

Enpro Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Enpro's fourth quarter results reflected customer focus and strong portfolio of businesses.

Enpro Industries, Inc. reported a 1.7% increase in sales to $280.8 million for the fourth quarter of 2021. Income from continuing operations attributable to EnPro Industries, Inc. was $102.4 million, compared to a loss of $8.9 million in the prior-year period. Adjusted EBITDA decreased 0.8% to $47.7 million, and adjusted diluted earnings per share decreased 0.8% to $1.23.

  • Sales increased 1.7% and organic sales increased 10.4% for the quarter.
  • Income from continuing operations attributable to EnPro Industries, Inc. was $102.4 million, compared to a loss of $8.9 million.
  • Adjusted EBITDA decreased 0.8% to $47.7 million and adjusted EBITDA margin decreased 40 bps to 17.0%.
  • Adjusted diluted earnings per share decreased 0.8% to $1.23.

Headline financials

Total Revenue

$281M

Previous: $276M+1.7%
EPS (adj)

$1.23

Previous: $1.24-0.8%
Adjusted EBITDA

$47.7M

Previous: $48.1M-0.8%
Adjusted EBITDA Margin

17.0%

Previous: 17.4%-2.3%
Capital Expenditures

$5.4M

Previous: $6.5M-16.9%
Free Cash Flow

$123M

No prior period
Net Income

$103M

Previous: -$8.1M+1367.9%
Operating Income

$6.6M

Previous: $11.1M-40.5%
Gross Profit

$101M

Previous: $104M-2.7%
Cash & Equivalents

$338M

Previous: $230M+47.3%
Total Assets

$2.97B

Previous: $2.08B+42.5%
Stock-Based Comp

$1.6M

Previous: $1.3M+23.1%

Revenue & EPS history

Enpro · Revenue · Quarterly

$281M

Q4 2021+1.7%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Enpro · $213M total across 2 segments · Q4 2021

  • Sealing Technologies
    $144M-7.0%
  • Advanced Surface Tech
    $69.1M+38.5%

Forward guidance

The company expects 2022 revenue growth to be in the low double-digit range, adjusted EBITDA to be in the range of $263 million to $275 million, and adjusted diluted earnings per share from continuing operations to be in the range of $6.70 to $7.25.

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 Q4 2021

Historical avgQ4 2021

+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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