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

Company: Enpro Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 25
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 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 six months ended June 30, 2025 and 2024 as set forth below.

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

Quarters Ended June 30,20252024(in millions, except per share amounts)$Average common shares outstanding, dilutedPer Share$Average common shares outstanding, dilutedPer ShareNet income$26.4 21.2$1.25 $26.7 21.1$1.27 Income tax expense9.1 9.7 Income before income taxes35.5 36.4 Adjustments from selling, general, and administrative:Acquisition expenses0.3 0.2 Amortization of acquisition-related intangible assets19.1 19.2 Adjustments from other operating expense and cost of sales:Restructuring expense (income), net(0.1)0.7 Adjustments from other non-operating expense:Asbestos receivable adjustment— (0.6)Environmental reserve adjustment(0.7)2.1 Costs associated with previously disposed businesses0.4 0.1 Pension expense - non-service cost0.8 0.1 Loss on extinguishment 1.7 — Foreign exchange losses related to the divestiture of a discontinued operation— 0.4 Other adjustments:Other0.5 (0.1)Adjusted income before income taxes57.5 58.5 Adjusted income tax expense(14.4)(14.6)Adjusted net income$43.1 21.2$2.03 2$43.9 21.1$2.08 2

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Six Months Ended June 30,20252024(in millions, except per share amounts)$Average common shares outstanding, diluted Per Share$Average common shares outstanding, diluted Per ShareNet income$50.9 21.2$2.40 $39.2 21.1$1.86 Income tax expense16.