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Stock Market & Financial Investment News

News Breaks
May 27, 2014
16:31 EDTNPOEnPro unit Garlock Sealing Technologies to file amended reorganization plan
EnPro Industries announced that its subsidiary Garlock Sealing Technologies intends to file an Amended Plan of Reorganization with the United States Bankruptcy Court for the Western District of North Carolina on Thursday, May 29 after 4:00 p.m. Eastern Time. EnPro will host a conference call on Friday, May 30, at 9:00 a.m. Eastern Time to discuss the plan with investors.
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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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