Company: NPO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001164863-25-000017
Chunk: 13

Company: Enpro Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 13
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-of-the-art, advanced node chip applications; (ii)  designing, manufacturing and selling specialized optical filters and proprietary thin-film coatings for the most challenging applications in the industrial technology, life sciences, and semiconductor markets; (iii) engineering and manufacturing complex front-end wafer processing sub-systems and new and refurbished electrostatic chuck pedestals for the semiconductor equipment industry; and (iv) engineering and manufacturing edge-welded metal bellows for the semiconductor equipment industry and critical applications in the space, aerospace and defense markets.  In many instances, AST capabilities drive products and solutions that enable the performance of our customers’ high-value processes through an entire life cycle.

Acquisition

On January 29, 2024, Enpro acquired all of the equity securities of Advanced Micro Instruments, Inc. ("AMI"), a privately held company. AMI is a leading provider of highly-engineered, application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, enhance safety, and facilitate the clean energy transition and is based in Costa Mesa, California. AMI is included within the Sealing Technologies segment. 

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Highlights. Financial highlights for the three months ended March 31, 2025 and March 31, 2024 are as follows: 20252024 (in millions, except per share data)Net sales$273.2 $257.5 Net income $24.5 $12.5 Diluted earnings per share$1.15 $0.59 Adjusted net income$40.3 $33.1 Adjusted diluted earnings per share1$1.90 $1.57 Adjusted EBITDA 1$67.8 $58.4 

1 A reconciliation of non-GAAP measures to their respective GAAP measure is located in the Reconciliation of Non-GAAP Financial Measures to the Comparable GAAP Measure at the end of this section.

Results of Operations

 Three Months Ended March 31, 20252024 (in millions)SalesSealing Technologies$179.6 $171.6 Advanced Surface Technologies93.8 86.0 273.4 257.6 Intersegment sales(0.2)(0.1)Net sales$273.2 $257.5 Net income$24.5 $12.5 Adjusted Segment EBITDASealing Technologies$58.7 $53.0 Advanced Surface Technologies20.5 17