Company: NPO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001164863-25-000030
Chunk: 15

Company: Enpro Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 15
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 operating performance for each segment for the second quarter of 2025: 

Sealing Technologies. Sales of $187.5 million in the second quarter of 2025 increased 1.9% compared to $184.0 million in the same period of 2024. Excluding foreign exchange translation ($0.8 million), sales were up 1.5% or $2.7 million. Strength in aerospace and food and pharmaceutical demand, firm general industrial performance, and strategic pricing ($5.2 million) more than offset continued softness in the commercial vehicle OEM market and timing of the nuclear deliveries year-over-year.

Adjusted Segment EBITDA of $63.3 million in the second quarter of 2025 decreased 3.2% from $65.4 million in the second quarter of 2024. Segment AEBITDA margin narrowed slightly to 33.8% in the second quarter of 2025 from 35.5% last year. Excluding foreign exchange translation ($0.1 million), adjusted Segment EBITDA decreased 3.4%, or $2.2 million, driven by transactional foreign exchange headwinds ($1.9 million), slight variations in mix and timing of deliveries. Last year, segment profitability exceeded 35% for the first time. 

Advanced Surface Technologies. Sales of $100.9 million in the second quarter of 2025 increased 14.5% or $12.8 million compared to sales of $88.1 million in the same period last year.  Continued growth in precision cleaning solutions, optical coatings, and improved demand for in-chamber semiconductor tools and assemblies drove the sales increase.

Adjusted Segment EBITDA of $19.8 million in the second quarter of 2025 increased 3.7% from $19.1 million in the comparable period of 2024.  Segment AEBITDA margin decreased to 19.6% from 21.7% in the second quarter of 2024. Contribution from the increase in sales was primarily offset by unfavorable foreign currency exchange rates ($2.8 million), a mix shift toward certain in-chamber tools and assemblies and increased labor and manufacturing overhead expenses ($2.5 million) in support of new platforms and long-term growth initiatives.

Corporate expenses for the second quarter of 2025 of $12.1 million increased $1.6 million as compared to the same period in 2024, primarily due to increased incentive compensation accrual