Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 92

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 92
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 consolidated financial statements, present a useful tool to evaluate the company’s ongoing operations and performance from period to period. Management acknowledges that there are many items that impact a company’s reported results and the adjustments reflected in these non-GAAP financial measures are not intended to present all items that may have impacted these results. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies.

A reconciliation of (i) income from continuing operations attributable to Enpro Inc. to adjusted income from continuing operations attributable to Enpro Inc., including on a per share basis, and (ii) income from continuing operations attributable to Enpro Inc. to adjusted EBITDA for the years ended December 31, 2024, 2023 and 2022 as set forth below.

36

Reconciliation of Adjusted Income from Continuing Operations Attributable to Enpro Inc.

Years Ended December 31,20242023(In Millions Except Per Share Amounts)$Average common shares outstanding, dilutedPer Share$Average common shares outstanding, dilutedPer ShareIncome from continuing operations attributable to Enpro Inc.$72.9 21.1$3.45 $10.8 21.0$0.51 Net loss attributable to redeemable non-controlling interests— (3.9)Income tax expense21.5 30.8 Income from continuing operations before income taxes94.4 37.7 Adjustments from selling, general, and administrative:Acquisition and divestiture expenses4.3 1.1 Non-controlling interest compensation allocation— (0.3)Amortization  of acquisition-related intangible assets75.9 68.4 Adjustments from other operating expense and cost of sales:Amortization of the fair value adjustment to acquisition inventory1.7 — Restructuring and impairment costs6.2 5.0 Adjustments from other non-operating expenseAsbestos receivable adjustment(0.6)— Environmental reserve adjustments5.7 2.9 Costs associated with previously disposed businesses1.4 1.7 Pension expense (non-service cost) 0.1 1.5 Goodwill impairment— 56.5 Foreign exchange losses related to the divestiture of a discontinued operation21.8 2.2 Long-term promissory note reserve34.5 — Other adjustments Other0.5 0.8 Adjusted income from continuing operations before income