- Accelerate Global Commercialization of Next-Gen AI Silicon Photonics
HONG KONG and BEIJING, Sept 8, 2026 - (ACN Newswire) - September 7, 2026, Crealights (01191.HK) today officially announced a landmark partnership, establishing a long-term, in-depth strategic collaboration with GlobalFoundries ( GFS, "GF"), a leading global semiconductor manufacturer. Leveraging GF's industry-leading silicon photonics technology, Crealights will vigorously advance the engineering deployment and mass production of its 6.4T NPO (Near-Package Optics) products, accelerating the industrialization of next-generation AI silicon photonic interconnect technologies. This strategic move will empower Crealights to consolidate its domestic market position while continuously expanding its footprint in North America and its global business landscape, marking a new phase in the company's global commercialization journey.
Currently, global AI computing clusters are rapidly evolving from horizontal scaling (Scale-out) to vertical scaling (Scale-up). Facing the extreme demands of 10,000-card-scale hyperscale data centers for bandwidth density, power efficiency, and latency, Near-Package Optics (NPO) and Co-Packaged Optics (CPO) have emerged as mainstream solutions to overcome next-generation AI interconnect bottlenecks. By integrating and packaging the optical engine directly adjacent to the compute chip, these technologies significantly shorten the optoelectronic signal transmission path. Backed by its comprehensive and mature full-stack silicon photonic technology moat in both NPO and CPO, Crealights has taken the lead in launching 3.2T and 6.4T NPO optical engine products, demonstrating a robust technological advantage in next-generation high-speed AI interconnects.
To comprehensively solidify the technological foundation for high-density optical interconnects in next-generation AI systems, Crealights has entered into a deep partnership with GlobalFoundries (GF). By deeply integrating GF's silicon photonics platform with SCALE' Co-Packaged Optics (CPO) solutions, Crealights continues to build a comprehensive advantage integrating photonic integration, high-performance RF CMOS, advanced optical devices, and fiber optic connectivity. Currently, Crealights is collaborating with GF to establish a broad ecosystem of partners spanning design, packaging, connectivity, and system layers, fully supporting the deployment and implementation of diverse next-generation optical architectures.
Meanwhile, leveraging GF's scalable global manufacturing footprint and proven high-volume production capabilities, Crealights has established a "dual-track" global manufacturing system that operates in parallel both domestically and internationally. Through the efficient synergy of capacity at home and abroad, this strong alliance has not only significantly shortened the R&D cycle for next-generation optical interconnect products, but also achieved end-to-end integration across the entire chain-from local chip design to scaled delivery for customers in North America and worldwide. Together, they are paving a clear path from technology development to large-scale commercialization, effectively addressing the increasingly urgent demand for optical connectivity in AI computing clusters and hyperscale data centers.
A spokesperson for Crealights stated: "Having consolidated our position in the domestic AI computing infrastructure market, Crealights is now driving its global expansion with core NPO and CPO technologies. Adding GF's global manufacturing network and silicon photonics process technology to our current silicon photonics ecosystem ensures a stable supply of next-generation silicon photonic products and completes the commercial closed-loop from local R&D to global delivery, continuously providing core interconnect solutions for large-scale AI computing clusters worldwide."
Thomas Barber, Vice President of Communications Infrastructure and Data Center End Markets at GlobalFoundries, commented: "Crealights' comprehensive full-stack silicon photonic design capabilities are highly aligned with GF's strengths in scaled wafer manufacturing. Through global capacity synergy and advanced packaging technology empowerment, both parties will drive the large-scale market deployment of Crealights' products in North America and globally, jointly promoting the widespread application of silicon photonic technology in global AI computing infrastructure."
Looking ahead, Crealights will continue to deepen their collaboration with GF across three key areas: joint R&D of cutting-edge technologies, global manufacturing capacity synergy, and the industrialization of NPO and CPO, as well as the co-building of the industry ecosystem. This will drive the global scaled deployment of silicon photonic solutions, unlocking more technological possibilities for AI-driven diverse application scenarios.
About Crealights
Crealights is a globally leading provider of AI silicon photonic interconnect solutions, dedicated to delivering high-speed, low-power optical interconnect products for AI data centers and hyperscale computing clusters. The company possesses end-to-end technical capabilities spanning silicon photonic chip design, wafer testing, and optical module manufacturing. Its core product portfolio covers 400G, 800G and 1.6T optical modules, Active Optical Cables (AOC), as well as NPO and CPO optical engines. Backed by its deep domestic industry foundation and global capacity layout, Crealights has become a key player in global AI computing interconnects.For more information, visit www.crealights.com.
About GlobalFoundries
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. Through deep partnerships with customers, GF delivers differentiated, power-efficient and high-performance solutions for automotive, aerospace and defense, data center, smart mobile devices, internet of things and other high-growth markets. With global manufacturing operations across the U.S., Europe and Asia, GF is a trusted and holistic technology partner for customers around the world. GF's talented, global team remains focused every day on security, longevity and sustainability. For more information, please follow the WeChat Official Account: GLOBALFOUNDRIES_CN.
Copyright 2026 ACN Newswire . All rights reserved.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Enpro (NPO - Free Report) closed the last trading session at $308.73, gaining 4.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $389.5 indicates a 26.2% upside potential.
The mean estimate comprises four short-term price targets with a standard deviation of $27.16. While the lowest estimate of $373.00 indicates a 20.8% increase from the current price level, the most optimistic analyst expects the stock to surge 39.3% to reach $430.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for NPO, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why NPO Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 4.2%, as three estimates have moved higher compared to no negative revision.
Moreover, NPO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much NPO could gain, the direction of price movement it implies does appear to be a good guide.
Investors with an interest in Technology Services stocks have likely encountered both Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) and Enpro (NPO).
Shares of Enpro Inc. (NYSE: NPO - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy
Investors with an interest in Technology Services stocks have likely encountered both Ingram Micro (INGM - Free Report) and Enpro (NPO - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Ingram Micro and Enpro are both sporting a Zacks Rank of #2 (Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is only part of the picture for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
INGM currently has a forward P/E ratio of 8.22, while NPO has a forward P/E of 34.82. We also note that INGM has a PEG ratio of 0.68. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NPO currently has a PEG ratio of 2.32.
Another notable valuation metric for INGM is its P/B ratio of 1.49. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, NPO has a P/B of 4.43.
These are just a few of the metrics contributing to INGM's Value grade of A and NPO's Value grade of D.
Both INGM and NPO are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that INGM is the superior value option right now.
Amundi raised its holdings in shares of Enpro Inc. (NYSE:NPO – Free Report) by 41.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,636 shares of the industrial products company’s stock after buying an additional 1,642 shares during the period. Amundi’s holdings in Enpro were worth $1,413,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp bought a new stake in shares of Enpro during the fourth quarter valued at approximately $8,935,000. UBS Group AG lifted its holdings in shares of Enpro by 54.0% in the 4th quarter. UBS Group AG now owns 67,572 shares of the industrial products company’s stock valued at $14,469,000 after acquiring an additional 23,705 shares during the last quarter. Dana Investment Advisors Inc. increased its position in Enpro by 128.0% during the fourth quarter. Dana Investment Advisors Inc. now owns 9,376 shares of the industrial products company’s stock valued at $2,008,000 after acquiring an additional 5,263 shares during the last quarter. Royce & Associates LP grew its position in Enpro by 7.5% in the 4th quarter. Royce & Associates LP now owns 258,577 shares of the industrial products company’s stock valued at $55,369,000 after acquiring an additional 18,143 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Enpro by 105,350.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,199 shares of the industrial products company’s stock worth $4,968,000 after purchasing an additional 23,177 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.
Key Enpro News Here are the key news stories impacting Enpro this week:
Positive Sentiment: Enpro reportedly raised its 2026 revenue outlook, citing strength in its semiconductor business. The update helped drive a significant positive reaction and reinforces expectations for continued demand in a key end market. Enpro Is Up 7.5% After Raising 2026 Revenue Guidance on Semiconductor Strength Positive Sentiment: Zacks Research upgraded Enpro from “hold” to “strong buy,” while a separate Zacks analysis highlighted the company’s above-average financial growth as a reason it may outperform the broader market. Zacks upgrade Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $9.63 from $9.20 and its FY2027 estimate to $11.31 from $10.69. The firm also increased several quarterly forecasts, including Q3 2026 to $2.49 and Q2 2027 to $2.99, suggesting stronger anticipated earnings momentum. Neutral Sentiment: Enpro recently exceeded quarterly expectations, reporting $2.50 EPS versus a $2.32 consensus estimate and revenue of $338.8 million versus $323.7 million expected. Revenue increased 17.6% year over year, although the stock’s elevated valuation—about 162 times earnings—leaves limited room for execution disappointments. Negative Sentiment: A risk-focused report warned that geopolitical tensions could expose Enpro to indirect macroeconomic pressures, supply-chain disruptions and higher operating costs. These risks could affect manufacturing activity, customer demand and margins if global conditions deteriorate. Geopolitical Tensions Expose Enpro Industries to Rising Indirect Macroeconomic and Supply Chain Risks Negative Sentiment: Not all estimates moved higher: Sidoti trimmed its Q1 2027 EPS forecast to $2.50 from $2.57. The isolated reduction is modest, but it indicates that near-term results may remain uneven despite stronger longer-term expectations. Enpro Price Performance Shares of NYSE NPO opened at $332.48 on Friday. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The company has a current ratio of 2.28, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 162.19, a PEG ratio of 2.35 and a beta of 1.54. The firm has a 50-day moving average of $337.87 and a two-hundred day moving average of $294.33.
Enpro (NYSE:NPO – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm had revenue of $338.80 million for the quarter, compared to analyst estimates of $323.68 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, analysts expect that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.
Enpro Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. Enpro’s payout ratio is currently 62.44%.
Analyst Upgrades and Downgrades Several equities research analysts have weighed in on NPO shares. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. began coverage on shares of Enpro in a research report on Monday, July 20th. They set an “overweight” rating and a $420.00 price target for the company. KeyCorp boosted their price target on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Zacks Research raised shares of Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $358.33.
View Our Latest Report on Enpro
Enpro Company Profile (Free Report)
Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.
Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.
Read More Five stocks we like better than Enpro Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enpro Inc. (NYSE:NPO – Free Report).
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Enpro (NPO - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this industrial products maker is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Enpro is 6.5%, investors should actually focus on the projected growth. The company's EPS is expected to grow 20.7% this year, crushing the industry average, which calls for EPS growth of 17.8%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Enpro is 9.5%, which is higher than many of its peers. In fact, the rate compares to the industry average of -4.2%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 14% over the past 3-5 years versus the industry average of 12.5%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Enpro have been revising upward. The Zacks Consensus Estimate for the current year has surged 4.5% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Enpro a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Enpro is a potential outperformer and a solid choice for growth investors.
Enpro NYSE: NPO reported higher second-quarter sales and earnings as demand strengthened across its Advanced Surface Technologies business, particularly in semiconductor-related applications, while its Sealing Technologies segment benefited from acquisitions, aerospace demand and domestic industrial growth.
Sales rose 17.6% year over year to $338.8 million in the second quarter, while adjusted EBITDA increased more than 22% to $86.9 million. Adjusted EBITDA margin expanded 90 basis points to 25.6%, and adjusted diluted earnings per share increased 23.2% to $2.50.
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President and Chief Executive Officer Eric Vaillancourt said the company’s products serve mission-critical applications including advanced semiconductor manufacturing, biopharmaceutical processes, space and satellite communications, gas and liquid sensing, commercial transportation and industrial processing.
“We are pleased with our strong first half results and improved outlook for the rest of the year,” Vaillancourt said, citing customers’ needs for products that help them operate “safely, reliably, and efficiently.”
Semiconductor demand lifts Advanced Surface Technologies Advanced Surface Technologies, or AST, posted 21.8% sales growth during the quarter, with improving sequential orders and particularly strong demand for precision cleaning services linked to advanced-node chip production. The segment’s adjusted EBITDA rose 48.5% from a year earlier, while its adjusted EBITDA margin increased 430 basis points to 23.9%.
Chief Financial Officer Joe Bruderek said the margin improvement was primarily driven by stronger sales, production volumes and operating leverage. The year-over-year comparison also benefited from the normalization of an unfavorable foreign-exchange item in the prior-year quarter involving Taiwanese working capital.
Management said semiconductor customer build plans and lead times provide visibility through 2027 for its semiconductor-facing products and solutions. Demand is also healthy for in-chamber tools, precision machining and optical coatings, although Vaillancourt said coatings growth was somewhat slower than the company’s cleaning and machining businesses.
James Gentile, vice president of investor relations, said Enpro’s precision-cleaning business is entirely tied to leading-edge semiconductor production. The company is increasing capacity across geographies in response to current and anticipated demand.
Enpro raised its expected capital expenditures and capitalized software spending for 2026 to $60 million to $65 million, from a prior expectation of about $50 million. Vaillancourt said the additional spending will accelerate AST cleaning capacity investments, including the second phase of an Arizona project, capacity additions in Milpitas, California, and further investment in Taiwan.
Sealing Technologies gains from acquisitions and industrial demand Sealing Technologies sales increased 15.3% to $216.2 million. The segment recorded 5% organic growth, with the balance supported by the fourth-quarter 2025 acquisitions of AlpHa Measurement Solutions and Overlook Industries.
The segment benefited from strong aerospace demand and double-digit organic growth in domestic general industrial markets. Bruderek said the domestic industrial performance included chemical process industries, data-center-related infrastructure activity and demand in compositional analysis, including natural-gas applications.
Sealing Technologies adjusted EBITDA increased 13.3%, and its 33.2% adjusted EBITDA margin remained above 30% for the 10th consecutive quarter. Management attributed the result to operating performance, strategic pricing, acquisition contributions and foreign-exchange tailwinds, partly offset by commercial-vehicle softness and growth investments.
Commercial vehicle markets remained weak, primarily in trailers, though management said it is seeing early signs of improvement. Vaillancourt said Enpro has added capacity to better serve both original-equipment and aftermarket demand when the trailer market recovers. Aftermarket sales represented 60% of Sealing Technologies revenue in the quarter.
Management also cited softness in Europe, including smaller general industrial and food and biopharmaceutical positions. For the second half, Enpro expects Sealing Technologies organic growth in the high single digits, excluding acquisition contributions. AlpHa and Overlook are expected to contribute $60 million to $65 million of revenue in 2026.
Outlook raised as backlog and orders improve Enpro increased its full-year 2026 outlook, with the majority of the raise tied to AST, according to Bruderek. The company now expects:
Sales growth of 14% to 16%, compared with prior guidance of 10% to 14%. Adjusted EBITDA of $330 million to $340 million, up from $315 million to $330 million. Adjusted diluted EPS of $9.30 to $9.80, compared with prior guidance of $8.85 to $9.50. For AST, Enpro expects approximately 20% year-over-year growth in the second half of 2026. The company expects both segment revenue growth and adjusted EBITDA margin to approach 25% as it exits the year.
Vaillancourt said Enpro is targeting long-term mid-single-digit organic growth in Sealing Technologies and high-single-digit to low-double-digit organic growth in AST through 2030. Both segments are targeted to generate adjusted EBITDA margins of 30%, plus or minus 250 basis points, over that period.
Cash flow, debt reduction and environmental reserve Enpro generated more than $60 million of free cash flow in the first half, even as it invested in working capital and spent nearly $30 million on capital expenditures and capitalized software. The company repaid $80 million of revolving debt during the first half, reducing its leverage ratio to 1.6 times trailing 12-month adjusted EBITDA.
Net debt stood at approximately $500 million as of June 30, including $450 million of senior notes due in 2033 and $130 million drawn on its revolving credit facility, net of $77 million in cash.
During the quarter, Enpro paid a quarterly dividend of $0.32 per share, totaling $6.9 million, and said it retains a $50 million share repurchase authorization.
In response to an analyst question, Bruderek said the company increased environmental reserves related to legacy uranium mines in Arizona dating back decades before Enpro was founded. Gentile said the reserve totaled $16 million and reflected what the company considers a probable remediation solution with government agencies and local communities. The first cash outflow is not expected for about three years, and the project could extend for as long as a decade, he said.
About Enpro (NYSE:NPO)Enpro Group, Inc NYSE: NPO is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company's product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro's offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.
Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in Enpro Right Now?Before you consider Enpro, you'll want to hear this.
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Enpro (NPO - Free Report) came out with quarterly earnings of $2.5 per share, beating the Zacks Consensus Estimate of $2.3 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.70%. A quarter ago, it was expected that this industrial products maker would post earnings of $2.08 per share when it actually produced earnings of $2.14, delivering a surprise of +2.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Enpro, which belongs to the Zacks Technology Services industry, posted revenues of $338.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.92%. This compares to year-ago revenues of $288.1 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Enpro shares have added about 56% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Enpro?While Enpro has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Enpro was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.31 on $324.9 million in revenues for the coming quarter and $9.16 on $1.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Bit Digital, Inc. (BTBT - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Bit Digital, Inc.'s revenues are expected to be $21.71 million, down 15.5% from the year-ago quarter.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro Inc. (NYSE: NPO) today announced its financial results for the second quarter ended June 30, 2026, and raises full-year guidance.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro (NYSE: NPO) today declared a quarterly dividend of $0.32/share; payable on Sept 16, 2026, to shareholders of record as of close on Sept 2, 2026.
The market expects Enpro (NPO - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis industrial products maker is expected to post quarterly earnings of $2.30 per share in its upcoming report, which represents a year-over-year change of +13.3%.
Revenues are expected to be $322.9 million, up 12.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.29% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Enpro?For Enpro, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.87%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Enpro will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Enpro would post earnings of $2.08 per share when it actually produced earnings of $2.14, delivering a surprise of +2.88%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Enpro appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Technology Services industry, Amadeus IT Group SA Unsponsored ADR (AMADY - Free Report) , is soon expected to post earnings of $1.01 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +6.3%. This quarter's revenue is expected to be $1.89 billion, up 2.5% from the year-ago quarter.
The consensus EPS estimate for Amadeus IT Group has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.50%.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Amadeus IT Group will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Enpro (NPO - Free Report) . This company, which is in the Zacks Technology Services industry, shows potential for another earnings beat.
This industrial products maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.54%.
For the last reported quarter, Enpro came out with earnings of $2.14 per share versus the Zacks Consensus Estimate of $2.08 per share, representing a surprise of 2.88%. For the previous quarter, the company was expected to post earnings of $1.91 per share and it actually produced earnings of $1.99 per share, delivering a surprise of 4.19%.
Price and EPS Surprise
For Enpro, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Enpro currently has an Earnings ESP of +0.87%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 4, 2026.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
I rate Enpro Inc. (NPO) a buy, favoring its durable Sealing segment and fast-growing semiconductor-focused AST segment. NPO's mission-critical, engineered components command pricing power and high retention, supporting robust margins—Sealing >30% EBITDA margin for nine quarters, AST at 23.3% in Q1 2026. Sealing's aftermarket-driven, recurring revenue base remains resilient through cycles, while AST leverages semiconductor upcycle and lifecycle services for accelerated growth.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro (NYSE: NPO) to release financial results for the second quarter of 2026 on Tues, Aug 4, at 6:30am ET; followed by conference call at 8:30am ET.
Investors interested in stocks from the Technology Services sector have probably already heard of Coursera (COUR) and Enpro (NPO). But which of these two stocks presents investors with the better value opportunity right now?
Investors with an interest in Technology Services stocks have likely encountered both SLB (SLB - Free Report) and Enpro (NPO - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Currently, SLB has a Zacks Rank of #2 (Buy), while Enpro has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that SLB is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
SLB currently has a forward P/E ratio of 17.72, while NPO has a forward P/E of 40.76. We also note that SLB has a PEG ratio of 1.86. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. NPO currently has a PEG ratio of 2.72.
Another notable valuation metric for SLB is its P/B ratio of 2.54. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, NPO has a P/B of 5.04.
These metrics, and several others, help SLB earn a Value grade of A, while NPO has been given a Value grade of D.
SLB sticks out from NPO in both our Zacks Rank and Style Scores models, so value investors will likely feel that SLB is the better option right now.
On June 25, 2026, Enpro Inc (NPO) shares rose 3.6% to a current price of $380.22. This price is situated within a 52-week range of $186.38 to $390.42, reflectin
Enpro (NPO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
On June 15, 2026, Enpro Inc NPO shares rose 5.1% to a current price of $351.71. Over the past year, the stock has exhibited impressive performance, increasing by 88.1%, and has traded within a 52-week range of $179.64 to $352.57.
GF Value™ verdict: NPO is currently priced at $351.71, which is 88.8% above its GF Value™ of $186.24, indicating it is significantly overvalued. GF Score™: With a score of 64/100, NPO is considered above average in terms of its overall performance and potential. Most notable signal: NPO has seen no insider transactions in the last 3 months, suggesting a lack of confidence or activity among insiders. Is NPO Overvalued or Undervalued? Enpro Inc’s current price of $351.71 is significantly above the GF Value™ of $186.24, resulting in a margin of safety that is deeply negative at 88.8%. This indicates that the stock is significantly overvalued according to GuruFocus' valuation metrics. The GF Valuation label categorizes the stock as significantly overvalued, which presents a risk to current and potential investors. A stock trading at such a premium to its intrinsic value may experience corrections or stagnation in future price performance.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the substantial difference between the current price and GF Value™, it is important for investors to be cautious, as overvaluation can lead to increased volatility and potential losses if the stock price adjusts to align more closely with its intrinsic value.
How Does NPO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 173.3x 41.3x Forward P/E 38.2x - The current P/E ratio of Enpro Inc stands at 173.3x, which is substantially higher than its 5-year median P/E of 41.3x, indicating that the stock is trading at a significant premium compared to its historical valuation. The forward P/E of 38.2x is also indicative of a high valuation relative to historical averages. This P/E analysis aligns with the GF Value™ verdict of being overvalued, indicating a consistent trend of high valuations compared to historical performance.
What Does NPO's GF Score™ Tell Us? Metric Rating GF Score™ 64/100 Financial Strength 6/10 Profitability 7/10 Growth 3/10 Valuation 1/10 Momentum 10/10 The GF Score™ of 64/100 indicates that Enpro Inc possesses above-average qualities in terms of financial strength and profitability, with ranks of 6/10 and 7/10, respectively. However, its valuation rank of 1/10 highlights a significant area of concern, as the stock is perceived to be highly overvalued. The growth rank of 3/10 suggests limited growth potential, while a momentum rank of 10/10 reflects the recent strong price performance, which may attract short-term investors despite underlying valuation issues.
What Are Insiders Doing with NPO Stock? There have been no insider transactions involving Enpro Inc in the last three months. This lack of activity may suggest that insiders do not perceive any immediate opportunities or risks in the stock. The absence of buying or selling can indicate a degree of uncertainty regarding the stock's future performance, reinforcing the notion of overvaluation as insiders are typically more informed about the company's prospects.
What This Means for Investors Based on the analysis of GF Value™, Enpro Inc is currently considered overvalued. Investors should exercise caution as the stock is trading significantly above its intrinsic value, which may lead to potential price corrections in the future.
For the complete analysis, visit the Enpro Inc NPO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is NPO's GF Score™?
NPO's GF Score™ is 64/100, indicating it is rated above average based on key performance indicators that can lead to higher long-term returns.
Is NPO overvalued or undervalued?
NPO is currently overvalued, with a GF Value™ of $186.24 compared to its current price of $351.71, representing a substantial premium.
What is NPO's P/E ratio?
NPO's P/E ratio is 173.3x, which is significantly above its 5-year median P/E of 41.3x, suggesting that the stock is trading at an inflated valuation compared to its historical norms.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Investors might want to bet on Enpro (NPO - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Enpro is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Enpro, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for EnproFor the fiscal year ending December 2026, this industrial products maker is expected to earn $9.14 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Enpro. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.6%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Enpro to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Delivers unconstrained volume capacity with GaAs foundries, sampling to customers in the next quarter
PALO ALTO, Calif.--(BUSINESS WIRE)--PicoJool, a pioneer in optical connectivity, is introducing its 200G Vertical Cavity Surface Emitting Lasers (VCSEL) products with a bandwidth exceeding 37GHz. The company will begin sampling chip-level products in the next quarter, including quad 100G, quad 200G and 32x50G NRZ uVCSELs for slow and wide applications. PicoJool is already working with system startups and hyperscalers to define the next generation of pluggable, near-packaged optics (NPO) and co-packaged optics (CPO) solutions for AI data centers.
VCSELs have been the backbone of data center optical connectivity since 1996, valued for their speed, reliability and unmatched cost efficiency. Up until now, the question has been whether the technology could scale to meet the bandwidth demands of modern AI infrastructure. PicoJool's breakthrough technology eliminates that question. The company's 200G VCSEL products pave the way for optical links as inexpensive, compact and manufacturable as traditional copper connections, with a clear roadmap to 800G, 1.6T and 3.2T.
PicoJool’s high bandwidth VCSELs combine unique parallel optics and packaging innovations to deliver high performance at a cost that competes directly with copper at scale. The company integrates its optical chips into massively parallel pluggable modules targeting large-scale AI systems. Underpinning the effort is a manufacturing partnership with WIN Semiconductor, the world's leading VCSEL producer for 3D sensing applications, which has shipped more than a billion chips over the past decade.
“We are excited to enable many optical transceiver and hyperscale companies to meet the growing demand for scale up optical connectivity solutions with an exciting product line and roadmap,” said Al Yuen, founder and CEO of PicoJool. “Our partnership with WIN Semiconductor has been very fruitful as we get ready to release a series of VCSEL products for high volume manufacturing.”
PicoJool's 200G designs and process recipes have already been transferred to WIN and other foundries, all of which specialize in gallium arsenide (GaAs), a compound semiconductor that emits light far more efficiently than silicon and already supports a mature, high-volume chip supply chain. Because GaAs-based VCSELs are unconstrained in production capacity, PicoJool avoids the supply bottlenecks that limit competing laser technologies.
“What makes Picojool significant is both the technology breakthrough and the manufacturing reality behind it,” said Pat Gelsinger, General Partner at Playground Global. “By building on a GaAs supply chain that has already shipped billions of chips, Picojool has solved both sides of the equation: record bandwidth and the production scale to deliver it. That combination is what turns a lab achievement into an industry shift, creating a viable path from copper to optical at AI scale.”
The PicoJool team brings decades of photonics product development and optical transceiver experience. Founder Al Yuen has released VCSEL-based products starting with gigabit Ethernet in 1996, the first 10G quad transceivers at his first startup, Alvesta, invented the active optical cable technology in 2001, and vertical oxidation for extreme volume VCSEL fabrication in 2016. The depth of the company’s technical expertise and the breadth of its relationships across the semiconductor supply chain uniquely positions PicoJool to design, deliver and scale massively parallel optical solutions for 1.6T, 3.2T and beyond.
PicoJool will begin sampling its 200G VCSEL products in the next quarter with high volume ramp expected in early 2027.
About PicoJool Inc.
PicoJool Inc. is developing next-generation optical chips and modules for high-bandwidth, low-cost connectivity in hyperscale AI data centers. Founded by Al Yuen, who has foundational expertise in data center optical networking systems, PicoJool is redefining optical communication at the semiconductor to transceiver level. Learn more at https://picojool.com/.
Investors looking for stocks in the Technology Services sector might want to consider either JBT Marel (JBTM) or Enpro (NPO). But which of these two stocks offers value investors a better bang for their buck right now?
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Enpro (NPO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Enpro is one of 238 companies in the Business Services group. The Business Services group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Enpro is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NPO's full-year earnings has moved 0.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NPO has gained about 15.5% so far this year. In comparison, Business Services companies have returned an average of -10.3%. This means that Enpro is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Remitly Global, Inc. (RELY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 10.5%.
The consensus estimate for Remitly Global, Inc.'s current year EPS has increased 45.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Enpro belongs to the Technology Services industry, which includes 109 individual stocks and currently sits at #188 in the Zacks Industry Rank. Stocks in this group have lost about 11.4% so far this year, so NPO is performing better this group in terms of year-to-date returns.
On the other hand, Remitly Global, Inc. belongs to the Financial Transaction Services industry. This 37-stock industry is currently ranked #148. The industry has moved -12.1% year to date.
Investors interested in the Business Services sector may want to keep a close eye on Enpro and Remitly Global, Inc. as they attempt to continue their solid performance.
Congress Asset Management Co. lifted its position in shares of Enpro Inc. (NYSE: NPO) by 7.3% in the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 376,272 shares of the industrial products company's stock after acquiring an additional 25,715 shares during the period. Congress Asset Management Co.
Investors with an interest in Technology Services stocks have likely encountered both JBT Marel (JBTM) and Enpro (NPO). But which of these two companies is the best option for those looking for undervalued stocks?
Aberdeen Group plc lessened its position in Enpro Inc. (NYSE:NPO – Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,771 shares of the industrial products company’s stock after selling 26,146 shares during the period. Aberdeen Group plc owned approximately 0.45% of Enpro worth $20,507,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in Enpro in the third quarter worth about $25,000. Trust Co. of Vermont bought a new stake in Enpro during the fourth quarter worth approximately $32,000. Private Trust Co. NA boosted its holdings in Enpro by 98.6% during the third quarter. Private Trust Co. NA now owns 147 shares of the industrial products company’s stock worth $33,000 after buying an additional 73 shares in the last quarter. Jones Financial Companies Lllp grew its position in Enpro by 236.4% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the industrial products company’s stock worth $33,000 after buying an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Enpro by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.
Wall Street Analyst Weigh In A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. KeyCorp lifted their target price on shares of Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Oppenheimer boosted their price target on shares of Enpro from $240.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.50.
Check Out Our Latest Stock Analysis on Enpro
Insider Buying and Selling In other news, EVP Robert Savage Mclean sold 2,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $277.50, for a total transaction of $555,000.00. Following the transaction, the executive vice president owned 29,909 shares of the company’s stock, valued at approximately $8,299,747.50. This represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Humphrey sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $268.69, for a total value of $349,297.00. Following the completion of the transaction, the director directly owned 3,200 shares in the company, valued at $859,808. The trade was a 28.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,660 shares of company stock worth $2,653,220. Insiders own 1.60% of the company’s stock.
Enpro Trading Down 0.3% NYSE:NPO opened at $251.52 on Monday. The company has a market capitalization of $5.31 billion, a P/E ratio of 133.08, a P/E/G ratio of 1.91 and a beta of 1.54. The stock’s 50 day moving average price is $256.27 and its 200 day moving average price is $234.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $286.35.
Enpro (NYSE:NPO – Get Free Report) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The firm had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $280.50 million. During the same period in the previous year, the company earned $1.57 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.
Enpro Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.32 per share. This is a boost from Enpro’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. Enpro’s dividend payout ratio is currently 67.72%.
About Enpro (Free Report)
Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.
Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.
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Investors with an interest in Technology Services stocks have likely encountered both JBT Marel (JBTM - Free Report) and Enpro (NPO - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
JBT Marel has a Zacks Rank of #2 (Buy), while Enpro has a Zacks Rank of #3 (Hold) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that JBTM has an improving earnings outlook. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
JBTM currently has a forward P/E ratio of 15.69, while NPO has a forward P/E of 30.60. We also note that JBTM has a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NPO currently has a PEG ratio of 2.04.
Another notable valuation metric for JBTM is its P/B ratio of 1.5. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, NPO has a P/B of 3.71.
These are just a few of the metrics contributing to JBTM's Value grade of B and NPO's Value grade of C.
JBTM sticks out from NPO in both our Zacks Rank and Style Scores models, so value investors will likely feel that JBTM is the better option right now.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro Inc. (NYSE: NPO) will release financial results for the first quarter of 2026 on Tuesday, May 5, at 6:30 a.m. Eastern Time. Eric Vaillancourt, President and Chief Executive Officer, and Joe Bruderek, Executive Vice President and Chief Financial Officer, will host a conference call to review the company’s performance at 8:30 a.m. Eastern Time.
The conference call will be webcast live at https://www.enpro.com, and may also be accessed via telephone at 1-877-407-0832, using the code 13750602. The webcast and telephone line will open approximately 10 minutes before the call. First quarter 2026 financial results and an accompanying slide presentation will be available on the company’s website.
About Enpro
Enpro is a leading industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and biopharma, photonics and life sciences. Headquartered in Charlotte, North Carolina, Enpro is listed on the New York Stock Exchange under the symbol “NPO”. For more information, visit the company’s website at https://www.enpro.com.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro Inc. (NYSE: NPO) today declared a quarterly dividend of $0.32 per share. The dividend is payable on June 17, 2026, to shareholders of record as of the close of business on June 3, 2026.
About Enpro
Enpro is a leading industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and biopharma, photonics and life sciences. Headquartered in Charlotte, North Carolina, Enpro is listed on the New York Stock Exchange under the symbol “NPO”. For more information about Enpro, visit the company’s website at https://www.enpro.com.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro Inc. (NYSE: NPO) will participate in the Oppenheimer 21st Annual Industrial Growth Conference on Thursday, May 7, 2026. Joe Bruderek, Executive Vice President and Chief Financial Officer, will present virtually at 11:15 a.m. Eastern Time. The webcast presentation will be available on the company’s website, https://www.enpro.com.
About Enpro Inc.
Enpro is a leading industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and biopharma, photonics and life sciences. Headquartered in Charlotte, North Carolina, Enpro is listed on the New York Stock Exchange under the symbol “NPO”. For more information, visit the company’s website at https://www.enpro.com.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Enpro Inc. (NYSE: NPO) today announced its financial results for the first quarter ended March 31, 2026.
“Stronger semiconductor industry demand, steady performance in Sealing Technologies, and the contribution from recent acquisitions drove 11% revenue growth during the quarter," said Eric Vaillancourt, President and Chief Executive Officer. "Our position on the leading-edge as semiconductor capital equipment demand accelerates has bolstered the outlook for our AST segment, and we continue to expect solid performance in Sealing Technologies despite ongoing softness in commercial vehicle demand and international industrial markets. In light of this positive momentum, our solid first quarter performance and improving order trends that we believe will sustain through the year, we are raising our 2026 guidance ranges."
"Growth investments continue throughout the organization, and our colleagues are motivated to execute on our strategic roadmap in the second year of Enpro 3.0.," Mr. Vaillancourt continued. "Our teams are focused on delivering our leading-edge suite of products and solutions for our customers while remaining focused on our multi-year strategy to drive significant enterprise value creation for all stakeholders."
Financial Highlights
(Dollars in millions except per share data)
Three Months Ended
March 31,
2026
2025
Change
Net sales
$
303.0
$
273.2
10.9
%
Net income
$
27.4
$
24.5
11.8
%
Diluted earnings per share
$
1.29
$
1.15
12.2
%
Adjusted net income*
$
45.6
$
40.3
13.2
%
Adjusted diluted earnings per share*
$
2.14
$
1.90
12.6
%
Adjusted EBITDA*
$
76.4
$
67.8
12.7
%
Adjusted EBITDA margin*
25.2
%
24.8
%
*Non-GAAP measure. See the attached tables for adjustments and reconciliations of historical non-GAAP measures to comparable GAAP measures. Because of the forward-looking nature of non-GAAP guidance measures, reconciliations of such measures are not presented. Such non-GAAP guidance measures are calculated in a manner consistent with the historical presentation of these measures in the attached tables.
First Quarter 2026 Consolidated Results
Sales of $303.0 million increased 10.9% compared to last year. Excluding foreign exchange translation and contributions from the AlpHa Measurement Solutions and Overlook Industries acquisitions completed in the fourth quarter of 2025, sales increased 3.6%. Improved demand for semiconductor products and solutions, strength in nuclear and compositional analysis applications, as well as strategic pricing initiatives and firm general industrial markets domestically, more than offset slow commercial vehicle demand in North America and tepid general industrial sales internationally.
Corporate expense of $13.7 million in the first quarter of 2026 increased from $11.3 million last year primarily due to higher incentive compensation accruals and $1.2 million in restructuring costs.
Net income was $27.4 million, compared to $24.5 million last year. Diluted earnings per share were $1.29, compared to $1.15 in the prior year. Operating leverage from revenue growth was partially offset by increased expenses supporting growth initiatives.
Adjusted net income* of $45.6 million increased 13.2% compared to the first quarter of 2025 and adjusted diluted earnings per share* increased 12.6% to $2.14, versus $1.90 last year.
Adjusted EBITDA* of $76.4 million, or 25.2% of total sales, increased 12.7% year-over-year. Higher sales drove the increase, offset in part by increased operating expenses supporting growth initiatives.
First Quarter 2026 Segment Highlights
Sealing Technologies - Safeguarding environments with critical applications in diverse end markets — Garlock, STEMCO, and Technetics Group
Three Months Ended
March 31,
(Dollars in millions)
2026
2025
Change
Sales
$199.0
$179.6
10.8%
Adjusted segment EBITDA
$64.6
$58.7
10.1%
Adjusted segment EBITDA margin
32.5%
32.7%
Sales increased 10.8% over last year. Excluding foreign exchange translation and contributions from the acquisitions of AlpHa Measurement Solutions and Overlook Industries completed in the fourth quarter of 2025, sales decreased 0.4%. Strength in nuclear solutions, space, and compositional analysis applications, as well as strategic pricing initiatives, were offset by reduced demand in commercial vehicle markets and slow general industrial sales internationally. Food and biopharma and domestic general industrial demand remained firm. Adjusted segment EBITDA of $64.6 million was up 10.1% year-over-year, with adjusted segment EBITDA margin remaining strong at 32.5%. Excluding foreign exchange translation and contributions from recently completed acquisitions, adjusted segment EBITDA increased 1.2%. Advanced Surface Technologies - Leading edge precision manufacturing, coatings, cleaning and refurbishment solutions and innovative optical coatings — NxEdge, Technetics Semi, LeanTeq, and Alluxa
Three Months Ended
March 31,
(Dollars in millions)
2026
2025
Change
Sales
$104.2
$93.8
11.1%
Adjusted segment EBITDA
$24.3
$20.5
18.5%
Adjusted segment EBITDA margin
23.3%
21.9%
Sales increased 11.1% organically. Strong performance in leading-edge precision cleaning solutions and improved demand for semiconductor capital equipment were the primary growth drivers. Adjusted segment EBITDA increased 18.5%. Strong sales growth, as well as investment in inventory ahead of the expected acceleration of demand drove improved AST operating leverage during the quarter. Balance Sheet, Cash Flow and Capital Allocation
During the three months ended March 31, 2026, the company generated $39.6 million of cash flow from operating activities and $26.5 million of free cash flow, net of $13.1 million in capital expenditures. This compares to $21.0 million of cash flow from operating activities, or $11.6 million of free cash flow, net of $9.4 million in capital expenditures, in the prior-year period. Higher net income, efficient working capital management, and lower cash taxes were the primary drivers of the strong increase in free cash flow.
During the first quarter, the company paid a regular quarterly dividend of $0.32 per share, with dividend payments totaling $6.9 million for the three months ended March 31, 2026.
Enpro ended the first quarter with total debt of $605.4 million and cash and cash equivalents of $79.2 million and reduced outstanding revolving debt by $50 million during the first quarter, resulting in a net leverage ratio of 1.9x to trailing twelve month adjusted EBITDA.
Quarterly Dividend
Enpro declared a regular quarterly dividend of $0.32 per share on April 29, 2026. The dividend is payable on June 17, 2026, to shareholders of record as of the close of business on June 3, 2026.
2026 Guidance Increase
Enpro is raising guidance for full-year 2026 and now expects revenue growth in the range of 10%-14%, adjusted EBITDA* in the range of $315 million to $330 million and adjusted diluted earnings per share* in the range of $8.85 to $9.50.
This compares to the prior guidance of revenue growth of 8%-12%, adjusted EBITDA* in the range of $305 million to $320 million and adjusted diluted earnings per share* in the range of $8.50 to $9.20 per share.
Conference Call, Webcast Information, and Presentations
Enpro will hold a conference call today, May 5, at 8:30 a.m. Eastern Time to discuss first quarter 2026 financial results. Investors who wish to participate in the call should dial 1-877-407-0832 approximately 10 minutes before the call begins and provide conference access code 13750602. A live audio webcast of the call and accompanying slide presentation will be accessible from the company’s website, https://www.enpro.com. To access the earnings presentation, log on to the webcast by clicking the link on the company’s home page.
Segment Operating Performance Measure
The segment profitability metric used by management to allocate resources and assess segment performance is adjusted segment EBITDA, which is segment revenue reduced by operating expenses and other costs identifiable with the segment, excluding acquisition and divestiture expenses, restructuring costs, impairment charges, non-controlling interest compensation, amortization of the fair value adjustment to acquisition date inventory, and depreciation and amortization. Segment non-operating expenses and income, corporate expenses, net interest expense, and income taxes are not included in the computation of adjusted segment EBITDA. Under U.S. generally accepted accounting principles (“GAAP”), the segment profitability metric used by management to allocate resources and assess segment performance is required to be disclosed in financial statement footnotes, and accordingly such metric as presented for each segment is not deemed to be a non-GAAP measure under applicable regulations of the Securities and Exchange Commission.
Non-GAAP Financial Information
This press release contains financial measures that have not been prepared in conformity with GAAP. They include adjusted net income, adjusted diluted earnings per share, adjusted EBITDA, adjusted EBITDA margin, total adjusted segment EBITDA, and free cash flow. Tables showing the reconciliation of these historical non-GAAP financial measures to the comparable GAAP measures are attached to the release. Adjusted EBITDA and adjusted diluted earnings per share anticipated for full-year 2026 are calculated in a manner consistent with the historical presentation of these measures in the attached tables. Because of the forward-looking nature of these estimates, it is impractical to present quantitative reconciliations of such measures to comparable GAAP measures, and accordingly no such GAAP measures are being presented.
Management believes these non-GAAP metrics are commonly used financial measures for investors to evaluate the company’s operating performance and, when read in conjunction with the company’s consolidated financial statements, present a useful tool to evaluate the company’s ongoing operations and performance from period to period. In addition, these are some of the factors the company uses in internal evaluations of the overall performance of its businesses. Management acknowledges that there are many items that impact a company’s reported results and the adjustments reflected in these non-GAAP measures are not intended to present all items that may have impacted these results. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies.
Forward-Looking Statements and Guidance
Statements in this press release that express a belief, expectation, or intention, including increased 2026 guidance and other statements that are not historical fact, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They involve a number of risks and uncertainties that may cause actual events and results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to: economic conditions in the markets served by the company’s businesses and the businesses of its customers, some of which are cyclical and experience periodic downturns and may be affected by the imposition or threat of imposition of tariffs; the impact of geopolitical activity on those markets and the global economy, including instabilities associated with the armed conflicts in the Middle East region, and impacts on shipping in that region, and in Ukraine and any conflict or threat of conflict that may affect Taiwan; uncertainties with respect to the imposition, or threat of imposition, of government tariffs, embargoes and other trade protection measures, such as “anti-dumping” duties applicable to classes of products, and import or export licensing requirements, as well as the imposition of trade sanctions against a class of products imported from or sold and exported to, or the loss of “normal trade relations” status with, countries in which the company conducts business, could significantly increase the company’s cost of products or otherwise reduce its sales and harm its business; uncertainties with respect to prices and availability of raw materials, including as a result of instabilities from geopolitical conflicts and the imposition of tariffs; uncertainties with respect to the company’s ability to achieve anticipated growth within the semiconductor, life sciences, and other technology-enabled markets, including uncertainties with respect to the timing of completion of the Arizona facility; the impact of fluctuations in relevant foreign currency exchange rates or unanticipated increases in applicable interest rates; unanticipated delays or problems in introducing new products; the impact from any pending or potential labor disputes; announcements by competitors of new products, services or technological innovations; changes in the company’s pricing policies or the pricing policies of its competitors; risks related to the reliance of the Advanced Surface Technologies segment on a small number of significant customers and the geographic concentration of those customers; uncertainties with respect to the company’s ability to identify and complete business acquisitions consistent with its strategy and to successfully integrate any businesses that it acquires; and uncertainties with respect to the amount of any payments required to satisfy contingent liabilities, including those related to discontinued operations, other divested businesses and discontinued operations of the company’s predecessors, including liabilities for certain products, environmental matters, employee benefit and statutory severance obligations and other matters. Enpro’s filings with the Securities and Exchange Commission, including its most recent Form 10-K report, describe these and other risks and uncertainties in more detail. Enpro does not undertake to update any forward-looking statements made in this press release to reflect any change in management's expectations or any change in the assumptions or circumstances on which such statements are based.
Full-year guidance is subject to the risks and uncertainties discussed above and specifically excludes changes in the number of shares outstanding, impacts from future acquisitions, dispositions and related transaction costs, restructuring costs and the impact of changes in foreign exchange rates, in each case subsequent to March 31, 2026, and any incremental impact on demands and costs arising from tariffs announced, or trade tensions arising, subsequent to May 4, 2026.
About Enpro Inc.
Enpro is a leading industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and biopharma, photonics, and life sciences. Headquartered in Charlotte, North Carolina, Enpro is listed on the New York Stock Exchange under the symbol “NPO”. For more information, visit the company’s website at https://www.enpro.com.
APPENDICES
Consolidated Financial Information and Reconciliations
Enpro Inc.
Consolidated Statements of Operations (Unaudited)
For the Three Months Ended March 31, 2026 and 2025
(In Millions, Except Per Share Data)
2026
2025
Net sales
$
303.0
$
273.2
Cost of sales
173.0
155.0
Gross profit
130.0
118.2
Operating expenses:
Selling, general and administrative
85.3
75.8
Other
1.2
0.6
Total operating expenses
86.5
76.4
Operating income
43.5
41.8
Interest expense
(9.4
)
(9.2
)
Interest income
0.6
1.2
Other expense
(0.8
)
(1.5
)
Income before income taxes
33.9
32.3
Income tax expense
(6.5
)
(7.8
)
Net income
$
27.4
$
24.5
Basic earnings per share
$
1.30
$
1.16
Average common shares outstanding
21.1
21.0
Diluted earnings per share
$
1.29
$
1.15
Average common shares outstanding
21.3
21.2
Enpro Inc.
Consolidated Statements of Cash Flows (Unaudited)
For the Three Months Ended March 31, 2026 and 2025
(In Millions)
2026
2025
Operating activities
Net income
$
27.4
$
24.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
6.7
6.0
Amortization
20.8
19.2
Deferred income taxes
(0.6
)
(0.6
)
Stock-based compensation
4.1
3.3
Other non-cash adjustments
2.3
2.4
Change in assets and liabilities, net of effects of acquisition:
Accounts receivable, net
(30.0
)
(27.1
)
Inventories
(5.5
)
3.3
Accounts payable
13.7
(3.3
)
Other current assets and liabilities
1.2
(11.7
)
Other non-current assets and liabilities
(0.5
)
5.0
Net cash provided by operating activities
39.6
21.0
Investing activities
Purchases of property, plant and equipment
(12.2
)
(8.0
)
Payments for capitalized internal-use software
(0.9
)
(1.4
)
Redemption of short-term investments
3.4
—
Proceeds from sale of property, plant, and equipment
0.1
—
Other
1.0
—
Net cash used in investing activities
(8.6
)
(9.4
)
Financing activities
Repayments of debt
(50.1
)
(4.0
)
Dividends paid
(6.9
)
(6.6
)
Incentive plan activity
(9.2
)
(2.7
)
Net cash used in financing activities
(66.2
)
(13.3
)
Effect of exchange rate changes on cash and cash equivalents
(0.3
)
5.7
Net increase (decrease) in cash and cash equivalents
(35.5
)
4.0
Cash and cash equivalents at beginning of period
114.7
236.3
Cash and cash equivalents at end of period
$
79.2
$
240.3
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
$
2.9
$
4.3
Income taxes, net of refunds
$
0.9
$
6.6
Enpro Inc.
Consolidated Balance Sheets (Unaudited)
As of March 31, 2026 and December 31, 2025
(In Millions)
March 31,
December 31,
2026
2025
Current assets
Cash and cash equivalents
$
79.2
$
114.7
Accounts receivable, net
163.8
134.1
Inventories
158.7
153.8
Prepaid expenses and other current assets
31.5
35.1
Total current assets
433.2
437.7
Property, plant and equipment, net
221.3
221.5
Goodwill
1,066.9
1,064.8
Other intangible assets, net
803.2
823.5
Other assets
110.9
115.5
Total assets
$
2,635.5
$
2,663.0
Current liabilities
Current maturities of long-term debt
$
0.2
$
0.2
Accounts payable
80.2
71.6
Accrued expenses
116.1
116.9
Total current liabilities
196.5
188.7
Long-term debt
605.2
655.1
Deferred taxes
144.2
143.4
Other liabilities
126.9
131.9
Total liabilities
1,072.8
1,119.1
Shareholders’ equity
Common stock
0.2
0.2
Additional paid-in capital
329.2
333.3
Retained earnings
1,210.3
1,189.7
Accumulated other comprehensive income
24.2
21.9
Common stock held in treasury, at cost
(1.2
)
(1.2
)
Total shareholders’ equity
1,562.7
1,543.9
Total liabilities and equity
$
2,635.5
$
2,663.0
Enpro Inc.
Segment Information (Unaudited)
For the Three Months Ended March 31, 2026 and 2025
(Dollars In Millions)
Sales
2026
2025
Sealing Technologies
$
199.0
$
179.6
Advanced Surface Technologies
104.2
93.8
303.2
273.4
Less: intersegment sales
(0.2
)
(0.2
)
$
303.0
$
273.2
Net income
$
27.4
$
24.5
Earnings before interest, income taxes, depreciation,
amortization and other selected items (Adjusted Segment EBITDA)
2026
2025
Sealing Technologies
$
64.6
$
58.7
Advanced Surface Technologies
24.3
20.5
$
88.9
$
79.2
Adjusted Segment EBITDA Margin
2026
2025
Sealing Technologies
32.5
%
32.7
%
Advanced Surface Technologies
23.3
%
21.9
%
29.3
%
29.0
%
Reconciliation of Income, Net of Tax to Adjusted Segment EBITDA
2026
2025
Net income
$
27.4
$
24.5
Income tax expense
(6.5
)
(7.8
)
Income before income taxes
33.9
32.3
Acquisition expenses
1.0
0.2
Amortization of the fair value adjustment to acquisition date inventory
3.2
—
Restructuring expense
—
0.7
Depreciation and amortization expense
27.5
25.2
Corporate expenses
13.7
11.3
Interest expense, net
8.8
8.0
Other expense, net
0.8
1.5
Adjusted segment EBITDA
$
88.9
$
79.2
Adjusted segment EBITDA is total segment revenue reduced by operating expenses and other costs identifiable with the segment, excluding acquisition expenses, restructuring expense, net, amortization of the fair value adjustment to acquisition date inventory, and depreciation and amortization.
Corporate expenses include general corporate administrative costs. Corporate expenses also include $1.2 million of restructuring expense for the three months ended March 31, 2026. Non-operating expenses not directly attributable to the segments, corporate expenses, net interest expense, and income taxes are not included in the computation of adjusted segment EBITDA. The accounting policies of the reportable segments are the same as those for the Company.
Enpro Inc.
Adjusted Segment EBITDA Reconciling Items by Segment (Unaudited)
For the Three Months Ended March 31, 2026 and 2025
(In Millions)
2026
Sealing
Technologies
Advanced
Surface
Technologies
Total
Segments
Acquisition expense
$
1.0
$
—
$
1.0
Amortization of the fair value adjustment to acquisition inventory
$
3.2
$
—
$
3.2
Depreciation and amortization expense
$
11.2
$
16.3
$
27.5
2025
Sealing
Technologies
Advanced
Surface
Technologies
Total
Segments
Acquisition expenses
$
0.2
$
—
$
0.2
Restructuring expense
$
—
$
0.7
$
0.7
Depreciation and amortization expense
$
8.2
$
17.0
$
25.2
Enpro Inc.
Reconciliation of Net Income to Adjusted Net Income and Adjusted Diluted Earnings Per Share (Unaudited)
For the Three Months Ended March 31, 2026 and 2025
(In Millions, Except Per Share Data)
2026
2025
$
Average
common
shares outstanding,
diluted
Per
Share
$
Average
common
shares
outstanding,
diluted
Per
Share
Net income
$
27.4
21.3
$
1.29
$
24.5
21.2
$
1.15
Income tax expense
6.5
7.8
Income before income taxes
33.9
32.3
Adjustments from selling, general, and administrative:
Acquisition expenses
1.0
0.2
Amortization of acquisition-related intangible assets
20.6
19.1
Adjustments from other operating expense and cost of sales:
Restructuring expense
1.2
0.6
Amortization of the fair value adjustment to acquisition date inventory
3.2
—
Adjustments from other non-operating expense:
Costs associated with previously disposed businesses
0.6
0.3
Pension expense - non-service cost
0.1
0.8
Other adjustments:
Other
0.2
0.4
Adjusted income before income taxes
60.8
53.7
Adjusted income tax expense
(15.2
)
(13.4
)
Adjusted net income
$
45.6
21.3
$
2.14
1
$
40.3
21.2
$
1.90
1
Management of the Company believes that it would be helpful to the readers of the financial statements to understand the impact of certain selected items on the Company's reported income and diluted earnings per share, including items that may recur from time to time. The items adjusted for in this schedule are those that are excluded by management in budgeting or projecting for performance in future periods, as they typically relate to events specific to the period in which they occur. This presentation enables readers to better compare Enpro Inc. to other diversified industrial technology companies that do not incur the sporadic impact of restructuring activities, costs associated with previously disposed of businesses, acquisitions, or other selected items.
Management acknowledges that there are many items that impact a company's reported results and this list is not intended to present all items that may have impacted these results.
The adjusted income tax expense presented above is calculated using a normalized company-wide effective tax rate excluding discrete items of 25.0%. Per share amounts were calculated by dividing by the weighted-average shares of diluted common stock outstanding during the periods.
1Adjusted diluted earnings per share, which amounts were calculated by dividing by the weighted-average shares of diluted common stock outstanding during the periods.
Enpro Inc.
Reconciliation of Net Income to Adjusted EBITDA (Unaudited)
For the Three Months Ended March 31, 2026 and 2025
(In Millions)
2026
2025
Net income
$
27.4
$
24.5
Adjustments to arrive at earnings before interest, income taxes, depreciation, amortization, and other selected items (Adjusted EBITDA):
Interest expense, net
8.8
8.0
Income tax expense
6.5
7.8
Depreciation and amortization expense
27.5
25.2
Restructuring expense
1.2
0.6
Costs associated with previously disposed businesses
0.6
0.3
Acquisition expenses
1.0
0.2
Pension expense - non-service cost
0.1
0.8
Amortization of the fair value adjustment to acquisition date inventory
3.2
—
Other
0.1
0.4
Adjusted EBITDA
$
76.4
$
67.8
Enpro Inc.
Reconciliation of Free Cash Flow (Unaudited)
(In Millions)
Free Cash Flow - Three Months Ended March 31, 2026
Net cash provided by operating activities
$
39.6
Purchases of property, plant, and equipment
(12.2
)
Payments for capitalized internal-use software
(0.9
)
Free cash flow
$
26.5
Free Cash Flow - Three Months Ended March 31, 2025
Enpro (NPO - Free Report) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.9 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.89%. A quarter ago, it was expected that this industrial products maker would post earnings of $1.91 per share when it actually produced earnings of $1.99, delivering a surprise of +4.19%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Enpro, which belongs to the Zacks Technology Services industry, posted revenues of $303 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.3%. This compares to year-ago revenues of $273.2 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Enpro shares have added about 35.2% since the beginning of the year versus the S&P 500's gain of 5.2%.
What's Next for Enpro?While Enpro has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Enpro was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.31 on $319.75 million in revenues for the coming quarter and $8.88 on $1.26 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 21.
This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -27.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Full Truck Alliance Co. Ltd. Sponsored ADR's revenues are expected to be $403.53 million, up 8.5% from the year-ago quarter.
Investors with an interest in Technology Services stocks have likely encountered both Full Truck Alliance Co. Ltd. Sponsored ADR (YMM - Free Report) and Enpro (NPO - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, both Full Truck Alliance Co. Ltd. Sponsored ADR and Enpro are sporting a Zacks Rank of #2 (Buy). Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. However, value investors will care about much more than just this.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
YMM currently has a forward P/E ratio of 13.25, while NPO has a forward P/E of 33.79. We also note that YMM has a PEG ratio of 0.80. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NPO currently has a PEG ratio of 2.25.
Another notable valuation metric for YMM is its P/B ratio of 1.6. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, NPO has a P/B of 4.06.
These are just a few of the metrics contributing to YMM's Value grade of A and NPO's Value grade of D.
Both YMM and NPO are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that YMM is the superior value option right now.
Enpro (NPO - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Enpro basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Enpro imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for EnproFor the fiscal year ending December 2026, this industrial products maker is expected to earn $9.14 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Enpro. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.2%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Enpro to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
On June 08, 2026, Enpro Inc NPO shares rose 3.4% today, currently priced at $322.82. Over the past year, NPO has demonstrated strong performance with a 68.2% increase, reaching a 52-week high of $326.98 and a low of $179.64.
GF Value™ verdict: Currently priced at $322.82, NPO is 73.7% overvalued compared to its GF Value™ of $185.82.GF Score™: NPO has a score of 70/100, indicating above-average performance across key metrics.Most notable signal: The momentum rank is strong at 10/10, suggesting robust recent price movement. Is NPO Overvalued or Undervalued? Currently, Enpro Inc NPO is trading significantly above its GF Value™, which is calculated at $185.82. This indicates that the stock is overvalued by approximately 73.7%. The GF Valuation label categorizes NPO as significantly overvalued, suggesting that the market price does not align with the intrinsic value derived from the company's historical performance and expected future growth. The substantial margin of safety indicates a potential risk for investors, as the stock may not provide adequate returns if it corrects to align with its intrinsic value.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The current valuation raises concerns, as the stock's price could be susceptible to a decline if market sentiments shift or if the company fails to meet growth expectations.
How Does NPO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 159.0x 39.2x (5-Year Median) Forward P/E 35.0x N/A The current P/E ratio of 159.0x is significantly above the 5-year median P/E of 39.2x, indicating that NPO is trading at a premium compared to its historical valuation. This analysis is consistent with the GF Value™ verdict, reinforcing the conclusion that NPO is overvalued at its current price level.
What Does NPO's GF Score™ Tell Us? Metric Rating GF Score™ 70/100 Financial Strength 6/10 Profitability 7/10 Growth 3/10 Valuation 3/10 Momentum 10/10 The GF Score™ of 70/100 suggests that Enpro Inc exhibits above-average performance in various metrics. The strongest area is its momentum ranking of 10/10, indicating a high rate of price increase in the short term. In contrast, the growth and valuation ranks of 3/10 highlight weaknesses in these areas, indicating potential challenges in achieving sustainable long-term growth and value creation in the context of its current price level.
What Are Insiders Doing with NPO Stock? There have been no insider transactions in the last three months for Enpro Inc NPO . This lack of activity may suggest that insiders are either confident in the current valuation or uncertain about future price movements. Typically, increased insider buying can signal confidence in the company's future prospects, while selling may indicate concerns.
What This Means for Investors Based on the GF Value™ assessment, Enpro Inc NPO is currently overvalued. The significant difference between the current price and the intrinsic value suggests potential risk for those considering an investment at this price point.
For the complete analysis, visit the Enpro Inc NPO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is NPO's GF Score™?
NPO's GF Score™ is 70/100, indicating above-average performance across several key metrics, which suggests potential for solid returns in the long term.
Is NPO overvalued or undervalued?
NPO is currently overvalued, with a GF Value™ of $185.82 compared to its current price of $322.82, indicating a 73.7% overvaluation.
What is NPO's P/E ratio?
NPO's P/E ratio is 159.0x, which is significantly above its 5-year median P/E of 39.2x, further supporting the notion that the stock is overvalued at its current price.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
