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Enpro (EP9) Q3 2026 Earnings Report

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DE:EP9 Q3 2026 EPS Results

Actual EPS
EUR 2.37
Consensus EPS
EUR 2.15
Beat/Miss
Beat by +EUR 0.22
One Year Ago EPS
EUR 1.77

DE:EP9 Q3 2026 Revenue Results

Actual Revenue
EUR 312.08M
Expected Revenue
EUR 297.17M
Beat/Miss
Beat by +EUR 14.91M
YoY Revenue Growth
+22.40%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/03/2026
Time
Before Open
Conference Call
Tuesday, November 3, 2026
DE:EP9 Upcoming Earnings

Enpro's next earnings date is estimated for February 23, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:EP9 Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 03, 2026|% Change Since:4.20%|
Earnings Call Sentiment|Positive

The call was strongly positive, with robust company-wide revenue, EBITDA, EPS, segment profitability, cash flow, debt reduction, and increased full-year guidance. Semiconductor demand and visibility were particularly strong, while Sealing Technologies continued to deliver premium margins. The main challenges were softness in certain European markets, higher corporate expenses, pre-revenue AST investments, and expected normal-seasonality pressure on Sealing's fourth-quarter margin.

Company Guidance

For full year 2026, Enpro expects revenue in the range of $1.33 billion-$1.34 billion, representing 16%-17% year-over-year growth, adjusted EBITDA in the range of $340 million-$345 million, and adjusted diluted earnings per share in the range of $9.70-$9.95, using a normalized tax rate of 25% and fully diluted shares outstanding of 21.4 million; capital expenditures are expected to remain in the $60 million-$65 million range. Sealing Technologies segment margin is expected to remain at the high end of the long-term target range of 30%± 250 basis points for the year, although slightly lower sequentially in the fourth quarter, while AST is expected to have fourth-quarter year-over-year revenue growth and margin rates both greater than 25%. Over the long term, Enpro is positioned to generate mid-to-high level, mid-to-high single-digit organic top-line growth, and AST has the ability to be a 30% EBITDA segment margin over time.

  • Strong Third-Quarter Revenue GrowthEnpro reported third-quarter sales of $350.8 million, up 22.4% year-over-year. Advanced Surface Technologies sales increased 25.8%, while Sealing Technologies organic sales increased 11.6% and total sales increased 20.5% including the AlpHa and Overlook acquisitions and a modest foreign exchange impact.
  • Adjusted EBITDA and EPS GrowthThird-quarter adjusted EBITDA increased 31.7% year-over-year to $91.3 million, with the adjusted EBITDA margin expanding 180 basis points to 26%. Adjusted diluted EPS increased 33.7% to $2.66.
  • Advanced Surface Technologies Margin ExpansionAST adjusted segment EBITDA increased 57.3% year-over-year to $34.3 million, while the segment margin expanded 500 basis points to 25.1%, driven by strong sales growth and operating leverage despite continued growth investments.
  • Strong Semiconductor Demand and VisibilityDemand for precision cleaning solutions tied to advanced-node chip production was described as very strong. Book-to-bills for capital equipment and coatings-facing solutions continued to strengthen, with customer build plans and lead times providing visibility through at least 2027.
  • AST Growth Supported by Customer CommitmentsPlanned capacity expansions in the U.S. and Asia are tied to customer commitments and new customer wins. Expansion activity is focused on Singapore, Arizona, Taiwan, California, and other existing sites, with some projects beginning at the end of 2026 and progressing through 2027.
  • Accelerated AST Capacity InvestmentsThe company expects AST capital investment to increase in 2027 because growth anticipated over several years is now expected to be needed sooner. Some projects involve cleanroom build-outs, while others involve additional buildings or capacity at existing sites; the five-year plan indicates CapEx of 3.5%-4.5% of revenue annually, with next year probably slightly above that range.
  • Sealing Technologies Broad-Based GrowthSealing Technologies growth was supported by commercial aerospace and space applications, mid-teens organic growth in domestic general industrial markets, digital infrastructure and communications, water, compositional analysis, strategic pricing, and contributions from AlpHa and Overlook.
  • Sealing Technologies Profitability Remained StrongSealing Technologies adjusted segment EBITDA increased 21.8% to $69.9 million, with a 32.6% adjusted segment EBITDA margin. The margin remained above 30% for the 11th consecutive quarter, supported by higher sales, pricing discipline, operating leverage, and execution.
  • Commercial Vehicle Market ImprovementCommercial vehicle revenue improved over 8% year-over-year in the third quarter. Management said STEMCO is performing well and expects improving market conditions to support growth over the coming quarters.
  • Pricing and Operational Actions Protect MarginsManagement expects pricing actions, operational efficiencies, and other improvement initiatives to prevent any meaningful impact from price increases and input-cost inflation on Sealing Technologies margins.
  • Increased Full-Year 2026 GuidanceEnpro raised full-year 2026 guidance to revenue of $1.33 billion-$1.34 billion, representing 16%-17% year-over-year growth; adjusted EBITDA of $340 million-$345 million; and adjusted diluted EPS of $9.70-$9.95. Prior guidance was revenue growth of 14%-16%, adjusted EBITDA of $330 million-$340 million, and adjusted diluted EPS of $9.30-$9.80.
  • Positive Fourth-Quarter OutlookSealing Technologies order patterns remained solid into the fourth quarter, supporting continued strong organic growth. In AST, management expects sequential improvement in the fourth quarter, with year-over-year revenue growth and margin rates both greater than 25%.
  • Strong Cash Flow GenerationDuring the first nine months of 2026, Enpro generated $172.8 million of operating cash flow and $129.2 million of free cash flow, net of $43.6 million in capital expenditures, compared with $138.5 million and $104.9 million, respectively, in the prior-year period.
  • Debt Reduction and Lower LeverageEnpro reduced revolving debt by $55 million during the third quarter and by $135 million year-to-date, bringing its net leverage ratio to 1.4x trailing 12-month adjusted EBITDA. At September 30, total debt was $520.7 million and cash and cash equivalents were $83.4 million.
  • Shareholder Returns ContinuedThe company paid a regular quarterly dividend of $0.32 per share, with dividend payments totaling $20.6 million during the first nine months. In October, the board approved a new $50 million share repurchase authorization.
  • Long-Term Strategic Growth InvestmentsEnpro continues to invest in people, differentiated technologies, engineering talent, capacity, applied engineering, compositional analysis, biopharmaceutical processing, and operational processes under its Enpro 3.0 strategy. Management said the strategy is gaining traction and is intended to support mid-to-high single-digit organic top-line growth with robust profitability and returns over the long term.
  • AST Margin Expansion OpportunityManagement said AST has the ability to reach a 30% EBITDA segment margin over time. The path is expected to include volume leverage, growth in key areas of strength, mix improvement, and 80/20 portfolio and asset-optimization initiatives; incremental margins on recent volume were at least 40%.
  • Acquisition Pipeline and Strategic FlexibilityManagement said the company has a pipeline of potential acquisitions in key growth segments, remains disciplined about strategic and financial criteria, and has reviewed 160-something opportunities during the year. Enpro also said its reputation as a credible acquirer and its integration processes are generating more interest from sellers.

DE:EP9 Earnings History

DE:EP9 earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 23, 20272026 (Q4)2.27-1.77――
Nov 03, 20262026 (Q3)2.152.371.7733.67% (+0.60)
Aug 04, 20262026 (Q2)2.072.221.8123.15% (+0.42)
May 05, 20262026 (Q1)1.851.901.6912.63% (+0.21)
Feb 18, 20262025 (Q4)1.701.771.426.75% (+0.37)
Nov 04, 20252025 (Q3)1.741.771.5514.37% (+0.22)
Aug 05, 20252025 (Q2)1.841.811.85-2.40% (-0.04)
May 06, 20252025 (Q1)1.481.691.421.02% (+0.29)
Feb 19, 20252024 (Q4)1.311.401.0631.93% (+0.34)
Nov 05, 20242024 (Q3)1.671.551.4110.13% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed