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Stock Market & Financial Investment News

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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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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