EnPro Inc. (NYSE:NPO) delivered third-quarter results that exceeded Wall Street expectations, supported by robust demand across its key business segments.
The industrial technology company reported adjusted earnings of $1.99 per share, topping analyst forecasts of $1.79, while revenue climbed 9.9% year-over-year to $286.6 million, surpassing the $269.15 million consensus estimate. Shares inched up 0.10% in pre-market trading following the release.
Growth was led by EnPro’s Advanced Surface Technologies (AST) division, which recorded a 17.3% year-over-year sales increase, fueled by strong demand for precision cleaning solutions and semiconductor equipment. The Sealing Technologies segment also performed well, posting a 5.7% rise in sales alongside higher margins.
Net income grew 9.1% to $21.6 million, compared to $19.8 million in the same period last year, while adjusted EBITDA rose 8.1% to $69.3 million.
“EnPro 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.
In October, EnPro announced two acquisitions to strengthen its growth strategy. It acquired Overlook Industries, a biopharmaceutical manufacturing technology company, on October 8, and expects to finalize the purchase of AlpHa Measurement Solution in the fourth quarter.
Reflecting these deals, EnPro revised its full-year 2025 guidance, now expecting revenue growth of 7%-8%, adjusted EBITDA between $275 million and $280 million, and adjusted EPS in the range of $7.75 to $8.05, slightly above the analyst consensus of $7.77.
The company said it continues to maintain a healthy financial position, with a net leverage ratio of 1.2x trailing twelve-month adjusted EBITDA, which could rise to around 2x once both acquisitions are completed.