The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EnPro Industries beat expectations on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
EnPro Industries logged revenue of $271.4 million. The five analysts polled by S&P Capital IQ looked for revenue of $252.9 million on the same basis. GAAP reported sales were 42% higher than the prior-year quarter's $191.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.37. The four earnings estimates compiled by S&P Capital IQ averaged $0.51 per share on the same basis. GAAP EPS of $0.12 for Q4 were 59% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.8%, 400 basis points worse than the prior-year quarter. Operating margin was 4.7%, 30 basis points worse than the prior-year quarter. Net margin was 1.0%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $298.2 million. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $3.45.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 53 members out of 58 rating the stock outperform, and five members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give EnPro Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnPro Industries is buy, with an average price target of $47.83.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.