Company: NPO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001164863-25-000030
Chunk: 16

Company: Enpro Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 16
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s and increased health insurance costs, partially offset by lower restructuring costs and professional fees.

Interest expense, net in the second quarter of 2025 decreased by $2.0 million from the second quarter of 2024 primarily driven by lower outstanding debt in 2025.

Other expense, net in the second quarter of 2025 increased $0.6 million compared to the same period in 2024, primarily due to a loss on the extinguishment of debt ($1.7 million), higher non-service pension related costs ($0.7 million), and an increase to insurance receivables in the prior year as a result of selling a claim from an insolvent carrier related to legacy matters ($0.6 million), partially offset by a year-over-year decrease in environmental costs ($2.8 million).

The effective tax rates for the quarters ended June 30, 2025 and 2024 were 25.5% and 26.7%, respectively. The effective tax rate for the quarters ended June 30, 2025 and June 30, 2024 are higher than the U.S. Federal tax rate primarily driven by higher tax rates in most foreign jurisdictions and state tax on domestic earnings partially offset by various tax credits. 

Net income was $26.4 million, or $1.25 per share, in the second quarter of 2025 compared to $26.7 million, or $1.27 per share, in the second quarter of 2024. Earnings per share is expressed on a fully diluted basis. 

27

Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024 

Sales of $561.3 million in the first six months of 2025 increased 6.0% from $529.4 million last year.  The following table summarizes the impact of an acquisition and foreign currency on segment sales:

SalesPercent Change Six Months Ended June 30, 2025 vs. Six Months Ended June 30, 2024increase/(decrease)OrganicAcquisitionForeignCurrencyTotalEnpro Inc.5.8 %0.6 %(0.4)%6.0 %Sealing Technologies3.0 %0.9 %(0.7)%3.2 %Advanced Surface Technologies11.8 %— %— %11.8 %

Discussion of year-over-year operating performance for each segment for the first six months of