Enpro sales climb 10.9% YoY
Enpro Inc. reported sales of $303.0 million, up 10.9%, for the first quarter ended March 31.
AST sales climbed 11.1%, while Sealing Technologies sales were up 10.8%. The company's net income was $27.4 million, 11.8% greater than $24.5 million year over year.
“Stronger semiconductor industry demand, steady performance in Sealing Technologies, and the contribution from recent acquisitions drove 11% revenue growth during the quarter," said President and Chief Executive Officer Eric Vaillancourt. "Our position on the leading-edge as semiconductor capital equipment demand accelerates has bolstered the outlook for our AST segment, and we continue to expect solid performance in Sealing Technologies despite ongoing softness in commercial vehicle demand and international industrial markets. In light of this positive momentum, our solid first quarter performance and improving order trends that we believe will sustain through the year, we are raising our 2026 guidance ranges."
"Growth investments continue throughout the organization, and our colleagues are motivated to execute on our strategic roadmap in the second year of Enpro 3.0.," Vaillancourt continued. "Our teams are focused on delivering our leading-edge suite of products and solutions for our customers while remaining focused on our multi-year strategy to drive significant enterprise value creation for all stakeholders."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Pack-n-Tape. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
