EnPro reports Q2 adjusted EPS $1.83, consensus $1.74

Reports Q2 revenue $276.9M, consensus $276.43M. “Our Sealing Technologies segment achieved another quarter of record performance while our AST segment declined, as expected, due to weakness in the semiconductor market. The year-over-year increase in Sealing roughly offset the decline in the AST segment, demonstrating the balance inherent in our best-in-class portfolio of businesses,” said Eric Vaillancourt, President and CEO. “Our positioning, investments and strong execution capabilities across the company support the many attractive opportunities we see for long-term growth and value creation.” Vaillancourt continued, “Strong cash generation enabled us to further reduce our net leverage to 1.5x. Our balance sheet provides us with the flexibility to invest in compelling organic growth and productivity opportunities, while prudently considering acquisitions that meet our strategic and financial criteria. As a result of our recent reshaping, we are more resilient, and well-positioned to outperform through economic cycles.”