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