NPO · EnPro Industries, Inc.

Enpro Inc. delivered strong Q1 2026 results, with consolidated sales reaching $303.0 million, a 10.9% increase year-over-year, driven by 11.1% growth in Advanced Surface Technologies (AST) from stronger semiconductor capital equipment demand and leading-edge precision cleaning solutions, and 10.8% growth in Sealing Technologies supported by nuclear solutions, space, compositional analysis, and pricing initiatives despite softness in commercial vehicles and international industrial markets. Organic sales growth excluding FX and Q4 2025 acquisitions (AlpHa Measurement Solutions and Overlook Industries) was 3.6% overall. Adjusted EBITDA rose 12.7% to $76.4 million (25.2% margin), reflecting operating leverage partially offset by growth-related expenses. GAAP net income increased to $27.4 million with EPS at $1.29, while non-GAAP adjusted EPS climbed 12.6% to $2.14. Segment-wise, AST adjusted EBITDA surged 18.5% to $24.3 million (23.3% margin) on sales growth and inventory investments ahead of demand acceleration, while Sealing Technologies held steady at 32.5% margin with $64.6 million EBITDA. CEO Eric Vaillancourt highlighted positive momentum from semiconductor demand positioning and steady Sealing performance, prompting a raised full-year 2026 outlook to 10%-14% revenue growth (from 8%-12%), adjusted EBITDA $315-$330 million (from $305-$320 million), and adjusted EPS $8.85-$9.50 (from $8.50-$9.20). Balance sheet strength improved with $26.5 million free cash flow (up from $11.6 million), reduced revolving debt by $50 million, and net leverage at 1.9x. A $0.32 quarterly dividend was declared, payable June 17, 2026.