Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 491

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 491
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 and (iii) whether the assumptions were consistent with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the multi-period excess earnings method; (ii) the reasonableness of the discount rate assumption for existing technology; and (iii) the reasonableness of the obsolescence factor assumption for existing technology and in-process research and development.

/s/ PricewaterhouseCoopers LLP 

Charlotte, North Carolina

February 21, 2025

We have served as the Company’s auditor since 2004.

52

FINANCIAL INFORMATION

ENPRO INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

Years Ended December 31, 2024, 2023 and 2022 

(in millions, except per share data)

202420232022Net sales$1,048.7 $1,059.3 $1,099.2 Cost of sales603.9 632.5 675.9 Gross profit444.8 426.8 423.3 Operating expenses:Selling, general and administrative296.3 284.2 282.8 Goodwill impairment— 60.8 65.2 Other6.2 5.0 3.1 Total operating expenses302.5 350.0 351.1 Operating income142.3 76.8 72.2 Interest expense(40.9)(45.0)(35.6)Interest income6.4 14.9 1.7 Other expense(13.4)(9.0)(10.0)Income from continuing operations before income taxes94.4 37.7 28.3 Income tax expense(21.5)(30.8)(24.4)Income from continuing operations72.9 6.9 3.9 Income from discontinued operations, including gain on sale, net of taxes— 11.4 198.4 Net income72.9 18.3 202.3 Less: net loss attributable to redeemable non-controlling interests— (3.9)(2.8)Net income attributable to Enpro Inc.$72.9 $22.2 $205.1 Income attributable to Enpro Inc. common shareholders:Income from continuing operations, net of tax$72.9 $10.8 $6.7 Income