Enpro Industries, Inc. is a diversified industrial company that specializes in the development and manufacture of engineered products used in critical applications across various sectors
The company operates through multiple segments, offering advanced materials and components that are essential for energy, aerospace, and other industrial markets. Enpro's solutions are designed to enhance efficiency, performance, and safety for its customers, addressing demanding operational needs while adhering to strict environmental and regulatory standards. By leveraging innovation and expertise, Enpro continues to deliver high-quality products that meet the evolving requirements of its global clientele.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Enpro (NYSENPO) and the best and worst performers in the engineered components and systems industry.
Since January 2020, the S&P 500 has delivered a total return of 80.4%. But one standout stock has nearly doubled the market - over the past five years, Enpro has surged 155% to $172.45 per share. Its momentum hasn’t stopped as it’s also gained 21.7% in the last six months, beating the S&P by 14.2%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how engineered components and systems stocks fared in Q3, starting with Applied Industrial (NYSEAIT).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the engineered components and systems industry, including Park-Ohio (NASDAQPKOH) and its peers.
Industrial technology solutions provider EnPro Industries (NYSENPO) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 4.1% year on year to $260.9 million. Its GAAP profit of $0.94 per share was also 20.3% below analysts’ consensus estimates.
Northland Capital Markets boosted the price target for Advanced Micro Devices, Inc. (NASDAQAMD) from $81 to $150. Northland Capital Markets analyst Gus Richard upgraded the stock from Market Perform to Outperform. AMD shares rose 1.7% to close at $115.82 on Monday.
Gainers Arbe Robotics Ltd. (NASDAQARBE) gained 62.8% to $7.08. Arbe Robotics is expected to report its financial results for the fourth quarter on Thursday, March 2, 2023.
EnPro Indus (NYSENPO) reported its Q3 earnings results on Tuesday, November 1, 2022 at 06:30 AM. Here's what investors need to know about the announcement. Earnings EnPro Indus beat estimated earnings by 35.46%, reporting an EPS of $1.91 versus an estimate of $1.41.
