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News Breaks
May 2, 2013
07:40 EDTNPOEnPro Industries sees seasonal growth in some markets in Q2
"Although we see no indication of sustained improvement, we expect seasonal growth in some markets during the second quarter,” said Steve Macadam, president and CEO. “These seasonal factors are likely to support an increase in sales compared to the first quarter. Profits and profit margins should improve as volumes increase and as we continue to benefit from previously implemented cost reductions and efficiency programs. Longer term, we remain cautious. In North America, we believe low levels of growth are likely in most of our markets during 2013. In Europe, we anticipate little if any growth as weak economic conditions persist in many of our markets. In these circumstances, we will continue to ensure that our cost structure is in line with activity levels in all markets.”
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October 30, 2014
05:31 EDTNPOEnPro 'cautiously optemistic' that Q4 will be near Q3 results
Steve Macadam, EnPro president and CEO, stated, “We are cautiously optimistic that sales for Q4 will be near Q3's level. OEM order activity remains firm in our semiconductor, aerospace and trucking markets and we have a substantial shippable backlog in Power Systems in the fourth quarter. However, margins generated by engine revenues and OEM sales are generally lower than our aftermarket margins. As a result, fourth quarter segment margins may be lower than those we reported in Q3. We remain excited about the longer term benefits from a number of strategic growth initiatives underway and the potential for additional growth that our new capital structure affords us.".
05:28 EDTNPOEnPro reports Q3 adjusted EPS 75c, consensus 42c
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