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News Breaks
January 11, 2014
18:11 EDTNPOJudge estimates EnPro’s GST mesothelioma liability at $125M
EnPro Industries announced that Judge George Hodges of the United States Bankruptcy Court for the Western District of North Carolina entered an order estimating the liability for present and future mesothelioma claims against EnPro’s Garlock Sealing Technologies, GST, subsidiary at $125M, consistent with the positions GST put forth at trial. Judge Hodges’s opinion follows the completion of an estimation trial held in his court during July and August of 2013. The judge’s estimate is for mesothelioma claims only. Additional amounts may be necessary to resolve other disease claims and for trust administration costs.
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February 26, 2015
07:11 EDTNPOGabelli to hold a conference
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February 19, 2015
18:23 EDTNPOEnPro CFO Alexander W. Pease to resign replaced by J. Milton Childress
EnPro announced that J. Milton Childress will assume the responsibilities of Senior VP and CFO on March 31 replacing Alexander W. Pease, who has announced his resignation as senior VP and CFO effective as of that date in order to accept a new career opportunity which he expects to finalize in the coming weeks. Pease has agreed to remain with EnPro in an advisory capacity through May 31 to ensure an orderly transition. Childress is currently EnPro’s VP, strategic planning and business development, a position he has held since February 2006. He joined EnPro in December 2005.
18:19 EDTNPOEnPro approves $80M stock repurchase program
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18:18 EDTNPOEnPro CEO: volatility and currency issues will have "negative effect" in FY15
EnPro CEO Steve Macadam stated, “Economic volatility outside of North America and slowing project and maintenance spending in the oil and gas markets could result in lower demand levels in a few of our businesses. In addition, the weakening of the euro and other foreign currencies will likely have a negative translation effect on our sales and earnings for the year. Longer term, we expect continued benefits from our strategic growth initiatives including growth from recent and future strategic acquisitions,”
18:16 EDTNPOEnPro reports Q4 adjusted EPS 57c, consensus 40c
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