10-Q · August 4, 2026
Enpro posted Q2 revenue of $338.8 million, up 17.6% year over year and 11.8% sequentially, led by 21.8% AST growth and significant AST margin expansion. GAAP EPS increased modestly to $1.27 from $1.25, but a $16.1…
Earnings analysis · 10-Q
NPO earnings analysis
Filed November 3, 2026 · Our reading of the company's report
The latest report
Enpro delivered strong operating performance in the third quarter, with $350.8 million of revenue, an 18.0% operating margin and growth in both AST and Sealing Technologies. Adjusted EPS of $2.66 beat consensus, but…
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Enpro delivered strong operating performance in the third quarter, with $350.8 million of revenue, an 18.0% operating margin and growth in both AST and Sealing Technologies. Adjusted EPS of $2.66 beat consensus, but GAAP diluted EPS of $1.88 missed the $2.42 estimate. Management raised full-year 2026 revenue-growth, adjusted EBITDA and adjusted EPS expectations, although geopolitical, commodity and foreign-exchange risks remain material.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.88
- Operating margin
- 18.0%
- Segment
- Advanced Surface Technologies (AST): sales increased 25.8% year over year.
- Segment
- Sealing Technologies: sales increased 20.5% year over year.
What stood out
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Revenue accelerated and beat consensus
Revenue was $350.8 million, approximately $16.8 million above the $333.988 million consensus estimate and up from $339 million in the prior quarter and $287 million in the year-ago quarter.
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Operating margin expanded
Operating margin was 18.0%, up from 17.0% in the prior quarter and 14.4% in the year-ago quarter, representing increases of 100 and 360 basis points, respectively.
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Both key segments grew
AST sales increased 25.8% year over year, while Sealing Technologies sales increased 20.5%, making both disclosed operating segments contributors to growth.
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Adjusted EPS beat estimates
Adjusted diluted EPS was $2.66, exceeding the $2.42 consensus estimate, although GAAP diluted EPS was $1.88.
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Full-year guidance was raised
Full-year 2026 adjusted diluted EPS guidance was raised to $9.70-$9.95 from $9.30-$9.80, while adjusted EBITDA guidance increased to $340 million-$345 million from $330 million-$340 million.
What to watch
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Geopolitical disruption risk
The filing identifies the United States-Israel-Iran conflict, which began with coordinated strikes in February 2026, as a potential source of shipping, raw-material, energy and supply-chain disruption. Management states the indirect effects could be material even though no direct adverse effect is currently expected.
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Foreign-exchange exposure
Foreign-exchange exposure related to the new intercompany note is hedged through forward contracts covering 19.0 million euros and $23.4 million; adverse currency movements could still affect results and cash flows.
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Reduced currency hedge coverage
The company terminated its $100.0 million-notional cross-currency swap in June 2026 and paid approximately $1.8 million to settle it, leaving no outstanding swap obligations or rights but reducing a prior hedging instrument.
Management's outlook
Full-year 2026 adjusted diluted EPS guidance was raised to $9.70-$9.95 from $9.30-$9.80. Adjusted EBITDA guidance increased to $340 million-$345 million from $330 million-$340 million, and revenue growth is now expected at 16%-17% versus 14%-16% previously.
Earlier filings 2
10-Q · May 5, 2026
Enpro Inc. reported Q1 2026 results with revenue of $303 million, a notable increase of 10.9% year-over-year. Net income rose to $27.4 million, or $1.29 per share, reflecting continued growth despite missing the EPS…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.