Enpro Q2 sales fall 1.8% to $271.9 million; GAAP profit rebounds; guidance narrowed
Enpro reported second-quarter 2024 net sales of $271.9 million, down 1.8% from a year earlier, while GAAP income from continuing operations swung to $26.7 million from a loss of $18.6 million. The company lowered the top end of its full-year 2024 adjusted EBITDA and adjusted EPS ranges and now expects revenue to be approximately flat, which matters to shareholders because the outlook is narrower and less optimistic than before.
Key points
- Net sales of $271.9 million fell 1.8%; organic sales fell 5.0%.
- GAAP diluted EPS was $1.27 versus a loss of $0.89; adjusted diluted EPS rose 13.7% to $2.08.
- Full-year 2024 adjusted EBITDA guidance narrowed to $260 million to $270 million from $260 million to $280 million; adjusted EPS guidance narrowed to $7.00 to $7.60 from $7.00 to $7.80.
- Advanced Surface Technologies sales fell 12.2% to $88.1 million on semiconductor market conditions.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.