Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

EnPro beats Q3 sales, profit estimates on semiconductor demand, outlook raised

By Reuters News


Overview

  • Industrial technology firm's Q3 sales rose 22%, beating analyst expectations

  • Adjusted EPS for Q3 increased to $2.66, beating analyst expectations

  • Company raised 2026 full-year guidance for revenue, adjusted EBITDA and adjusted EPS


Outlook

  • EnPro raises 2026 revenue guidance to $1.33 bln-$1.34 bln from prior $1.31 bln-$1.33 bln

  • Company now sees 2026 adjusted EBITDA at $340 mln-$345 mln, up from $330 mln-$340 mln

  • EnPro expects 2026 adjusted diluted EPS of $9.70-$9.95, up from $9.30-$9.80


Result Drivers

  • SEMICONDUCTOR DEMAND - Increased demand for semiconductor industry products drove AST sales up nearly 26%, per CEO Eric Vaillancourt

  • ACQUISITIONS - Sales growth in Sealing Technologies was boosted by contributions from AlpHa Measurement Solutions and Overlook Industries acquisitions

  • STRATEGIC PRICING - Strategic pricing initiatives contributed to sales increases, offsetting slow demand in some European and food/biopharmaceutical markets


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$350.80 mln

$333.98 mln (4 Analysts)

Q3 Adjusted EPS

Beat

$2.66

$2.42 (4 Analysts)

Q3 EPS

$1.88

Q3 Adjusted Net Income

Beat

$57 mln

$50.75 mln (4 Analysts)

Q3 Adjusted EBITDA

$91.30 mln

Q3 Adjusted EBITDA Margin

26.00%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Enpro Inc. is $374.00, about 39% above its November 2 closing price of $268.98

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 31 three months ago


Reuters Recommended Reads

  • Nov 2 - Israel's Tower Semi Q3 revenue growth of 33% tops estimates, sees faster Q4 growth

  • Nov 2 - Chipmaker Onsemi revises Synaptics deal, Q3 results beat

  • Nov 2 - Advanced Energy Q3 revenue beats on record semiconductor and data center computing sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.