Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of industrial-parts maker EnPro Industries
So what: EnPro's first quarter delivered $0.92 of adjusted earnings per share on sales of $270 million. Analysts would have settled for $0.69 and $232 million on those metrics, respectively.
Now what: "Our strong sales growth was driven by higher demand for most of our products," said CEO Steve McAdam, boosted further by successful acquisitions and near-record engine sales. The underlying markets for diesel-powered trucks and industrial gear are strong, as shown by Meritor's
Interested in more info on EnPro Industries? Add it to your watchlist.