Company: NPO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048610
Chunk: 27

Company: Enpro Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 27
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 cost0.8 — Foreign exchange losses related to the divestiture of a discontinued operation— 0.7 Other adjustments:Other0.1 — Adjusted income before income taxes56.5 49.0 Adjusted income tax expense(14.1)(12.3)Adjusted net income$42.4 21.3$1.99 2$36.7 21.1$1.74 2

35

Nine Months Ended September 30,20252024(in millions, except per share amounts)$Average common shares outstanding, diluted Per Share$Average common shares outstanding, diluted Per ShareNet income$72.5 21.2$3.41 $59.0 21.1$2.80 Income tax expense27.4 15.7 Income before income taxes99.9 74.7 Adjustments from selling, general, and administrative:Acquisition expenses3.2 3.8 Amortization of acquisition-related intangible assets56.9 56.7 Adjustments from other operating expense and cost of sales:Restructuring and impairment expense, net1.0 6.0 Amortization of the fair value adjustment to acquisition date inventory— 1.7 Adjustments from other non-operating expense:Asbestos receivable adjustment— (0.6)Environmental reserve adjustment(0.7)2.3 Costs associated with previously disposed businesses2.3 0.8 Pension expense - non-service cost2.4 0.1 Loss on extinguishment1.7 — Foreign exchange losses related to the divestiture of a discontinued operation0.4 1.6 Long-term promissory note reserve1— 4.5 Other adjustments:Other0.6 — Adjusted income before income taxes167.7 151.6 Adjusted income tax expense(41.9)(37.9)Adjusted net income $125.8 21.2$5.92 2$113.7 21.1$5.39 2

1We received a long-term promissory note in connection to the sale of a divested business. As part of our regular review of the note, in the first quarter of 2024 we concluded a reserve was needed for expected future credit losses. We monitor the note quarterly and make adjustments as needed.

2Adjusted diluted earnings per share.

The adjusted