Company: NPO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048610
Chunk: 18

Company: Enpro Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 18
---
 Compared to the Nine Months Ended September 30, 2024 

Sales of $847.9 million in the first nine months of 2025 increased 7.3% from $790.3 million last year.  The following table summarizes the impact of an acquisition and foreign currency on segment sales:

SalesPercent Change Nine Months Ended September 30, 2025 vs. Nine Months Ended September 30, 2024increase/(decrease)OrganicAcquisitionTotalEnpro Inc.6.9 %0.4 %7.3 %Sealing Technologies3.4 %0.6 %4.0 %Advanced Surface Technologies13.7 %— %13.7 %

Discussion of year-over-year operating performance for each segment for the first nine months of 2025: 

Sealing Technologies: Sales of $545.3 million in the first nine months of 2025 increased 4.0% compared to $524.2 million in the prior-year period. Excluding unfavorable foreign exchange translation ($0.2 million) and partial contribution from an acquisition completed in late January 2024 ($3.2 million), sales were up 3.4%, or $18.1 million. The increase in sales was driven primarily by strength in aerospace and food and pharmaceutical demand  and strategic pricing and mix ($15.9 million), offset in part by weak commercial vehicle OEM demand and timing of nuclear orders. 

Adjusted Segment EBITDA of $179.4 million in the first nine months of 2025 increased 3.4% , or $5.9 million, from $173.5 million in the comparable period of 2024. Adjusted Segment EBITDA margin of 32.9% in the first nine months of 2025 was flat compared to the prior-year period. Excluding the unfavorable foreign exchange translation ($0.6 million) and partial contribution from an acquisition completed in late January 2024 ($1.6 million), Adjusted Segment EBITDA increased 2.8%, or $4.9 million. Contribution from the increase in sales ($17.4 million) in the first nine months of 2025 was partially offset by increased headcount and personnel-related costs supporting growth initiatives ($5.0 million) and unfavorable foreign currency exchange rates ($3.2 million). 

Advanced Surface Technologies: Sales of $303.2 million in the first nine months of 2025 increased 13.7%, or