Enpro cuts 2024 guidance as Q3 sales rise 4.1% and adjusted EPS rises 10.1%
Enpro reported third-quarter 2024 results on November 5, 2024, with net sales up 4.1% to $260.9 million and GAAP diluted EPS of $0.94, compared with $0.39 a year earlier. The company lowered its full-year 2024 guidance for adjusted EBITDA, adjusted diluted EPS and revenue, citing a more protracted recovery in semiconductor capital equipment spending. For shareholders, the quarter's profit gains are offset by a weaker outlook for the full year.
Key points
- Q3 2024 net sales of $260.9 million, up 4.1%; GAAP diluted EPS of $0.94 versus $0.39
- Adjusted diluted EPS of $1.74, up 10.1%; adjusted EBITDA of $64.1 million, up 11.1%
- 2024 adjusted EBITDA guidance cut to $250 million to $255 million from $260 million to $270 million
- 2024 adjusted diluted EPS guidance cut to $6.75 to $7.00 from $7.00 to $7.60; revenue now expected down low-single-digits versus prior approximately flat
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 November 05, 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.