Company: NPO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048610
Chunk: 26

Company: Enpro Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 26
---
ated Financial Statements in this report, which is incorporated herein by reference.

Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP Measures

We believe that it would be helpful to the readers of the financial statements to understand the impact of certain selected items on our reported net income and diluted earnings per share, including items that may recur from time to time. The items adjusted for in these non-GAAP financial measures are those that are excluded by management in budgeting or projecting for performance in future periods, as they typically relate to events specific to the period in which they occur. Accordingly, these are some of the factors the company uses in internal evaluations of the overall performance of its businesses. In addition, management believes these non-GAAP financial measures are commonly used financial measures for investors to evaluate the company’s operating performance and, when read in conjunction with the company’s 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) net income to adjusted net income, including on a per share basis, and (ii) net income to adjusted EBITDA for the quarters and nine months ended September 30, 2025 and 2024 as set forth below.

34

Reconciliation of Net Income to Adjusted Net Income and Adjusted Diluted Earnings Per Share

Quarters Ended September 30,20252024(in millions, except per share amounts)$Average common shares outstanding, dilutedPer Share$Average common shares outstanding, dilutedPer ShareNet income$21.6 21.3$1.01 $19.8 21.1$0.94 Income tax expense10.5 4.2 Income before income taxes32.1 24.0 Adjustments from selling, general, and administrative:Acquisition expenses2.7 0.3 Amortization of acquisition-related intangible assets18.8 19.1 Adjustments from other operating expense and cost of sales:Restructuring and impairment expense0.4 4.5 Adjustments from other non-operating expense:Costs associated with previously disposed businesses1.6 0.4 Pension expense - non-service