Company: NPO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001164863-25-000030
Chunk: 17

Company: Enpro Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 17
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2025: 

Sealing Technologies: Sales of $367.1 million in the first six months of 2025 increased 3.2% compared to $355.6 million in the prior-year period. Excluding unfavorable foreign exchange translation ($2.1 million) and partial contribution from an acquisition completed in late January 2024 ($3.2 million), sales were up 2.9%, or $10.4 million. The increase in sales was driven primarily by strength in aerospace and food and pharmaceutical demand ($2.0 million) and strategic pricing and mix ($8.5 million), offset in part by weak commercial vehicle OEM demand.

Adjusted Segment EBITDA of $122.0 million in the first six months of 2025 increased 3.0% , or $3.6 million, from $118.4 million in the comparable period of 2024. Adjusted Segment EBITDA margin of 33.2% in the first six months of 2025 was flat compared to the prior-year period. Excluding the unfavorable foreign exchange translation ($1.1 million) and partial contribution from an acquisition completed in late January 2024 ($1.6 million), Adjusted Segment EBITDA increased 2.6%, or $3.1 million. Contribution from the increase in sales ($9.9 million) in the first six months of 2025 was partially offset by increased personnel and administrative costs ($1.6 million), incentive compensation accruals ($0.8 million), and unfavorable foreign currency exchange rates ($2.8 million). 

Advanced Surface Technologies: Sales of $194.7 million in the first six months of 2025 increased 11.8%, or $20.6 million, compared to $174.1 million in the prior-year period. Continued growth in leading-edge precision cleaning solutions and optical coatings, as well as improved demand for in-chamber semiconductor tools and assemblies drove the increase in sales.

Adjusted Segment EBITDA of $40.3 million in the first six months of 2025 increased 10.7%, or $3.9 million, from $36.4 million in the comparable period of 2024. Adjusted Segment EBITDA margin of 20.7%  was down slightly from 20.9% in the prior-year period. Contribution from the increase in sales was partially offset by unfavorable foreign currency exchange rates ($3.0 million), increased operating expenses ($4.3 million) in support of new