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Enpro Industries, Inc (NPO) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Enpro Industries, Inc

CIK: 1164863 Ticker: NPO


Exhibit 99.1
image0a28.jpg

News Release

Investor Contact:
Chris O'Neal
EnPro Industries
 
Senior Vice President, Strategy, Corporate
5605 Carnegie Boulevard
 
Development and Investor Relations
Charlotte, North Carolina 28209-4674
Phone:
704-731-1527
Phone: 704-731-1500
Email:
investor.relations@enproindustries.com
Fax: 704-731-1511
 
 
www.enproindustries.com

EnPro Industries Reports Results for the Second Quarter of 2019

Financial Highlights
(Amounts in millions except per share data and percentages)
Results for the Quarter Ended June 30
2019
2018
 
% Δ
Net Sales
$
387.0

$
393.6

 
(1.7
)%
Segment Profit
$
48.5

$
31.2

 
55.4
 %
Segment Margin
12.5%

7.9%

 
 
Net Income
$
23.9

$
9.9

 
141.4
 %
Diluted Earnings Per Share
$
1.15

$
0.47

 
144.7
 %
Adjusted Net Income1
$
27.4

$
15.4

 
77.9
 %
Adjusted Diluted Earnings Per Share1
$
1.32

$
0.72

 
83.3
 %
Adjusted EBITDA1
$
61.0

$
47.2

 
29.2
 %
Adjusted EBITDA Margin1
15.8%

12.0%

 
 

Results for the Six Months Ended June 30
2019
2018
 
% Δ
Net Sales
$
747.3

$
762.4

 
(2.0
)%
Segment Profit
$
82.2

$
73.3

 
12.1
 %
Segment Margin
11.0%

9.6%

 
 
Net Income
$
37.0

$
22.5

 
64.4
 %
Diluted Earnings Per Share
$
1.78

$
1.05

 
69.5
 %
Adjusted Net Income1
$
42.5

$
33.4

 
27.2
 %
Adjusted Diluted Earnings Per Share1
$
2.04

$
1.56

 
30.8
 %
Adjusted EBITDA1
$
104.1

$
98.6

 
5.6
 %
Adjusted EBITDA Margin1
13.9%

12.9%

 
 
1 See the attached schedules for adjustments and reconciliations to GAAP numbers.

CHARLOTTE, N.C., July 29, 2019 -- EnPro Industries, Inc. (NYSE: NPO) today announced its financial results for the three-month and six-month periods ended June 30, 2019.

As previously announced, effective today, Stephen E. Macadam, the company’s Chief Executive Officer and President, has retired from those positions and the board of directors has appointed Marvin A. Riley, the company’s Executive Vice President and Chief Operating Officer, to succeed Mr. Macadam as Chief Executive Officer and President. Mr. Macadam has agreed to

1

The following information was filed by Enpro Industries, Inc (NPO) on Monday, July 29, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Enpro Industries, Inc's management team is paid from their Annual Proxy

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Enpro Industries, Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Enpro Industries, Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Accrued Expenses
Accrued Expenses (Tables)
Accrued Expenses - Schedule Of Accrued Expenses (Detail)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Summary Of Changes In Accumulated Other Comprehensive Loss By Component (Detail)
Accumulated Other Comprehensive Loss - Summary Of Reclassifications Out Of Accumulated Other Comprehensive Loss (Detail)
Business Segment Information
Business Segment Information (Tables)
Business Segment Information - Additional Information (Detail)
Business Segment Information - Revenue By End Market (Details)
Business Segment Information - Schedule Of Assets And Long Lived Assets Segment (Detail)
Business Segment Information - Schedule Of Segment Operating Results And Other Financial Data (Detail)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Commitments And Contingencies - Schedule Of Changes In Carrying Amount Of Product Warranty Liability (Detail)
Derivatives And Hedging
Derivatives And Hedging (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Schedule Of Computation Of Basic And Diluted Earnings Per Share (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value On Recurring Basis (Detail)
Fair Value Measurements - Schedule Of Carrying Value Of Financial Instruments (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Detail)
Goodwill And Other Intangible Assets - Schedule Of Changes In Net Carrying Value Of Goodwill By Reportable Segment (Detail)
Goodwill And Other Intangible Assets - Schedule Of Identifiable Intangible Assets (Detail)
Income Taxes
Income Taxes Income Taxes - Additional Information (Details)
Inventories
Inventories (Tables)
Inventories - Schedule Of Inventories (Detail)
Leases
Leases (Tables)
Leases - Balance Sheet Classification (Details)
Leases - Future Minimum Lease Payments (Details)
Leases - Maturities Of Operating Lease Liabilities (Details)
Leases - Narrative And Other Information (Details)
Long-Term Debt
Long-Term Debt - Narrative (Details)
Overview, Basis Of Presentation And Recently Issued Authoritative Accounting Guidance
Overview, Basis Of Presentation And Recently Issued Authoritative Accounting Guidance (Details)
Overview, Basis Of Presentation And Recently Issued Authoritative Accounting Guidance (Policies)
Pensions And Postretirement Benefits
Pensions And Postretirement Benefits (Tables)
Pensions And Postretirement Benefits - Schedule Of Net Periodic Benefit Cost (Detail)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract With Customer, Asset And Liability (Details)
Revenue From Contracts With Customers - Other (Details)
Revenue From Contracts With Customers - Schedule Of Information Regarding Contracts Accounted For Under Percentage-Of-Completion Method (Detail)
Revenue From Contracts With Customers - Schedule Of Uncompleted Contracts Reflected In Consolidated Balance Sheets (Detail)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Changes In Shareholders' Equity (Details)
Shareholders' Equity - Narrative (Details)
Subsequent Events
Subsequent Events Subsequent Event (Details)
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information (Tables)
Supplemental Guarantor Financial Information - Condensed Consolidating Balance Sheets (Details)
Supplemental Guarantor Financial Information - Condensed Consolidating Statement Of Cash Flows (Details)
Supplemental Guarantor Financial Information - Condensed Consolidating Statement Of Operations (Details)

Material Contracts, Statements, Certifications & more

Enpro Industries, Inc provided additional information to their SEC Filing as exhibits

Ticker: NPO
CIK: 1164863
Form Type: 10-Q Quarterly Report
Accession Number: 0001164863-19-000037
Submitted to the SEC: Fri Aug 02 2019 10:41:21 AM EST
Accepted by the SEC: Fri Aug 02 2019
Period: Sunday, June 30, 2019
Industry: Gaskets Packg And Sealg Devices And Rubber And Plastics Hose

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