Company: NPO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001164863-25-000017
Chunk: 14

Company: Enpro Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 14
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.3 Total Adjusted Segment EBITDA$79.2 $70.3 Reconciliations of Net Income to Adjusted Segment EBITDANet income24.5 12.5 Income tax expense(7.8)(1.8)Income before income taxes32.3 14.3 Acquisition expenses0.2 3.3 Amortization of the fair value adjustment to acquisition date inventory— 1.7 Restructuring expense0.7 0.5 Depreciation and amortization expense25.2 24.6 Corporate expenses11.3 12.2 Interest expense, net8.0 8.2 Other expense1.5 5.5 Adjusted Segment EBITDA$79.2 $70.3 

We measure operating performance of our reportable segments based on segment earnings before interest, income taxes, depreciation, amortization, and other selected items ("Adjusted Segment EBITDA" or "Segment AEBITDA"), which is 

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segment revenue reduced by operating expenses and other costs identifiable with the segment, excluding acquisition expenses, restructuring costs, amortization of the fair value adjustment to acquisition date inventory, and depreciation and amortization. Adjusted Segment EBITDA is not defined under GAAP and may not be comparable to similarly-titled measures used by other companies. Corporate expenses include general corporate administrative costs. Segment non-operating expenses and income, corporate expenses, net interest expense, and income taxes are not included in the computation of Adjusted Segment EBITDA. The accounting policies of the reportable segments are the same as those for Enpro.

Other expense in the table above represents other expense (non-operating) on our Consolidated Statements of Operations for the respective periods presented.

Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024 

Sales of $273.2 million in the first three months of 2025 increased 6.1% from $257.5 million last year.  The following table summarizes the impact of an acquisition and foreign currency on segment sales:

SalesPercent Change Three Months Ended March 31, 2025 vs. Three Months Ended March 31, 2024increase/(decrease)AcquisitionForeignCurrencyOrganicTotalEnpro Inc.1.3 %(1.2)%6.0 %6.1 %Sealing Technologies1.9 %(1