Enpro Inc. Q1 2025 Earnings Summary

Strong performance across both segments led Enpro to deliver a solid first quarter, with increased profitability, margin expansion, and strong cash generation.

Highlights:
• Revenue: $273.2 million, up 6.1% (6.0% organic growth)
• GAAP Net Income: $24.5 million, up 96% from $12.5 million
• GAAP EPS: $1.15, up from $0.59
• Adjusted Net Income: $40.3 million, up 21.8%
• Adjusted EPS: $1.90, up from $1.57
• Adjusted EBITDA: $67.8 million, up 16.1%
• Adjusted EBITDA Margin: 24.8%, up 210 bps
• Free Cash Flow: $11.6 million vs. -$2.0 million last year

Segment Results:
• Sealing Technologies:
o Sales: $179.6 million (+4.7%)
o Adjusted EBITDA: $58.7 million (+10.8%)
o Margin: 32.7% (+180 bps)
o Growth supported by aerospace, industrial, food/pharma; offset by soft commercial vehicle OEMs
• Advanced Surface Technologies (AST):
o Sales: $93.8 million (+9.1%)
o Adjusted EBITDA: $20.5 million (+18.5%)
o Margin: 21.9% (+180 bps)
o Driven by strong demand in optical coatings and cleaning solutions

Balance Sheet & Liquidity:
• Cash and Equivalents: $240.3 million
• Total Debt: $636.4 million
• New $800 million revolving credit facility signed in April 2025, replacing prior $400 million revolver and $287 million term loan
• Dividend: $0.31 per share declared for Q2 2025 (payable June 18)

2025 Guidance (Reaffirmed):
• Revenue: Low to mid-single-digit growth
• Adjusted EBITDA: $262–$277 million
• Adjusted EPS: $7.00–$7.70