EnPro Industries Q4 Results Top Expectations; Ups Dividend to $0.25/Share

EnPro Industries (NPO) reported late Wednesday Q4 adjusted earnings of $0.98 per share, which is higher than $0.67 per share in the year-ago quarter. It also topped the Capital IQ estimate of $0.85.

The maker of sealing products and metal polymers posted sales of $381.4 million compared to $362.5 million in the fourth quarter of last year. The analyst consensus was for revenues of $373.7 million.

The company said that it expects FY2019 adjusted earnings of $4.28 to $4.55 and adjusted EBITDA guidance of $225 million to $233 million. It also anticipates resolving cost challenges related to STEMCO’s Brake Products Group.

It also announced that the board has approved quarterly dividend of $0.25 per share, a 4% increase from the previous quarterly dividend of $0.24 per share, payable on March 20 to shareholders of record as of the close of business on March 6.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.