Company: NPO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048610
Chunk: 28

Company: Enpro Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 28
---
 income tax expense presented above is calculated using a normalized company-wide effective tax rate excluding discrete items of 25.0%.

36

Reconciliation of Net Income to Adjusted EBITDA 

Quarters EndedNine Months EndedSeptember 30,September 30,(in millions)2025202420252024Net income$21.6 $19.8 $72.5 $59.0 Adjustments to arrive at earnings before interest, income taxes, depreciation, amortization, and other selected items (Adjusted EBITDA):Interest expense, net6.4 9.0 21.9 26.7 Income tax expense10.5 4.2 27.4 15.7 Depreciation and amortization expense25.2 25.2 75.6 75.0 Restructuring and impairment expense, net0.4 4.5 1.0 6.0 Environmental reserve adjustments— — (0.7)2.3 Costs associated with previously disposed businesses1.6 0.4 2.3 0.8 Acquisition expenses2.7 0.3 3.2 3.8 Pension expense - non-service cost0.8 — 2.4 0.1 Asbestos receivable adjustment— — — (0.6)Amortization of the fair value adjustment to acquisition date inventory— — — 1.7 Loss on extinguishment — — 1.7 — Foreign exchange losses related to the divestiture of a discontinued operation— 0.7 0.4 1.6 Long-term promissory note reserve1— — — 4.5 Other0.1 — 0.6 — Adjusted EBITDA$69.3 $64.1 $208.3 $196.6 

1 We 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.

Adjusted EBITDA as presented in the table above also represents the amount defined as "EBITDA" under the Indenture. 

Item 3.     Quantitative and Qualitative