Company: NPO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001164863-25-000030
Chunk: 26

Company: Enpro Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 26
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9 11.5 Income before income taxes67.8 50.7 Adjustments from selling, general, and administrative:Acquisition expenses0.5 3.5 Amortization of acquisition-related intangible assets38.1 37.7 Adjustments from other operating expense and cost of sales:Restructuring expense (income), net0.6 1.5 Amortization of the fair value adjustment to acquisition date inventory— 1.7 Adjustments from other non-operating expense:Asbestos receivable adjustment— (0.6)Environmental reserve adjustment(0.7)2.3 Costs associated with previously disposed businesses0.6 0.4 Pension expense - non-service cost1.6 0.1 Loss on extinguishment1.7 — Foreign exchange losses related to the divestiture of a discontinued operation0.4 0.9 Long-term promissory note reserve1— 4.5 Other adjustments:Other0.5 — Adjusted income before income taxes111.1 102.7 Adjusted income tax expense(27.7)(25.7)Adjusted net income $83.4 21.2$3.93 2$77.0 21.1$3.65 2

1We received a long-term promissory note in connection to the sale of a divested business. As part of our regular review of the note, in the first quarter of 2024 we concluded a reserve was needed for expected future credit losses. We monitor the note quarterly and make adjustments as needed.

2Adjusted diluted earnings per share.

The adjusted income tax expense presented above is calculated using a normalized company-wide effective tax rate excluding discrete items of 25.0%.

34

Reconciliation of Net Income to Adjusted EBITDA 

Quarters EndedSix Months EndedJune 30,June 30,(in millions)2025202420252024Net income$26.4 $26.7 $50.9 $39.2 Adjustments to arrive at earnings before interest, income taxes, depreciation, amortization, and other selected items (Adjusted EBITDA):Interest expense, net7.5 9.5 15.5 17.7 Income tax expense9.1 9.7 16.9 11.5 Depreciation and amortization expense25.2 25.2