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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.”
News For NPO From The Last 14 Days
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December 18, 2014
09:32 EDTNPOEnPro downgraded to Neutral from Buy at Sidoti
December 5, 2014
07:32 EDTNPOEnPro says Garlock receives favorable decision in asbestos claims resolution
EnPro Industries announced that Garlock Sealing Technologies yesterday received a favorable decision from the Bankruptcy Court for the Western District of NC in its continuing asbestos claims resolution process. The ruling, by Judge George Hodges, denied a motion filed by the asbestos claimants' committee to re-open the record from the 2013 estimation trial in light of alleged misconduct by GST and newly discovered evidence. The judge found that there was no misconduct and that the purported new evidence was either not new or immaterial.

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