Earnings release
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✰ ENPRO News Release Investor Contacts : Milt Childress Phone : Email : ● Executive Vice President and Chief Financial Officer ● James Gentile Vice President , Investor Relations 704-731-1527 investor.relations@enproindustries.com Third Quarter 2021 Highlights ( All results reflect comparisons to prior - year period unless otherwise noted ) EnPro Industries , Inc. 5605 Carnegie Boulevard Charlotte , North Carolina , 28209 4674 Phone : 704-731-1500 Fax : 704-731-1511 www.enproindustries.com Enpro Reports Strong Third Quarter 2021 Results Sales of $ 283.1 million increased 5.5 % ; organic sales increased 15.8 % Income from continuing operations attributable to EnPro Industries , Inc. was $ 27.5 million , compared to loss of $ 21.6 million in the third quarter of 2020 Adjusted EBITDA * increased 22 % to $ 51.5 million ; adjusted EBITDA margin increased 250 bps to 18.2 % Diluted earnings per share from continuing operations attributable to EnPro Industries , Inc. was $ 1.33 , compared to a diluted loss per share of $ 1.05 Adjusted diluted earnings per share * increased 39 % to $ 1.40 versus $ 1.01 Net debt to adjusted EBITDA ratio reduced to 0.8x at September 30 , 2021 Guidance updated to reflect recent divestiture of the polymer components business within Sealing Technologies segment Agreement to sell Compressor Products International ( CPI ) announced subsequent to quarter - end ; expected to close by end of 1Q : 22 , subject to regulatory and works council approvals Separately announced agreement today to acquire NxEdge , a leading provider of vertically integrated capabilities across the semiconductor value chain , for $ 850 million in cash . CHARLOTTE , N.C. , November 5 , 2021 -- EnPro Industries , Inc. ( NYSE : NPO ) today announced its financial results for the three and nine months ended September 30 , 2021 . " Enpro delivered strong third quarter results driven primarily by continued momentum in our Sealing Technologies and Advanced Surface Technologies segments , " said Eric Vaillancourt , Interim President and Chief Executive Officer . " Our commercial and supply chain teams have done an excellent job mitigating the impact of the supply chain headwinds facing our businesses and remaining agile in the face of raw material shortages and inflationary pressures . In addition , our results for the quarter reflect our team's continued focus on cost management and our ability to capitalize on increased demand in general industrial , semiconductor , petrochemical , heavy - duty truck and food & pharma markets . "