EnPro reports Q3 adjusted EPS $1.99, consensus $1.96

Reports Q3 revenue $286.6M, consensus $276.57M. “Enpro (NPO) delivered another strong quarter with sales growth of almost 10% and solid profitability even as we continue growth investments in capabilities and strategic initiatives that lay the foundation for future value creation,” said Eric Vaillancourt, President and Chief Executive Officer. “Sales performance was highlighted by double-digit growth in AST driven by strong demand in leading-edge precision cleaning solutions and certain semiconductor tools and assemblies. Sealing Technologies drove a 6% sales increase at strong profitability, underscoring solid fundamentals. Although our operating margin in AST was impacted by increased investments in key initiatives and product mix, the opportunities ahead for the segment are exciting.”