Enpro Q2 sales increase 6% YoY
Enpro Inc. announced its second quarter sales of $288.1 million were a 6% increase year over year.
“Enpro delivered another strong quarter of sales growth driven by a double-digit revenue increase in AST and continued momentum in Sealing Technologies," said President and CEO Eric Vaillancourt. "We also continued to invest with discipline in high return growth initiatives. These investments, coupled with foreign exchange headwinds, impacted operating leverage in the quarter, particularly in AST. We enter the second half of the year well positioned, with continued focus on agile execution throughout the organization."
Vaillancourt continued, “The company is pleased to increase its full-year guidance driven by the strength we currently see in aerospace, general industrial and food and pharma orders, as well as an incrementally positive sales outlook for AST, for the second half of the year. Enpro's recently successful notes offering and increased revolver capacity, along with our continued strong free cash flow generation, provide the company with ample financial flexibility to execute our Enpro 3.0 growth strategy and unlock increasing value for all stakeholders."
Second Quarter 2025 Consolidated Results
Sales of $288.1 million increased 6.0% compared to last year. Excluding foreign exchange translation, sales increased 5.6%. Strength in aerospace and food and pharma applications, precision cleaning, and optical coatings markets, as well as firm general industrial demand and improved demand for certain in-chamber semiconductor tools and assemblies more than offset continued soft commercial vehicle OEM demand and timing of nuclear orders.
Corporate expense of $12.1 million in the second quarter of 2025 increased from $10.5 million last year. The increase was driven primarily by higher incentive compensation accruals and increased health insurance costs.
Net income was $26.4 million, compared to $26.7 million last year. Diluted earnings per share was $1.25, compared to $1.27 in the prior year. Increased expenses supporting growth initiatives and transactional foreign exchange headwinds due to the weakening U.S. dollar offset lower net interest and income tax expenses.
INDUSTRIAL SUPPLY MAGAZINE
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