Brief: EnPro Industries Announces Agreement To Sell All Assets Related To The Stemco Motor Wheel & Crewson Businesses

Enpro

14/08/2020 20:30

Aug 14 (Reuters) - EnPro Industries Inc  NPO.N :
    * PRESS RELEASE - ENPRO INDUSTRIES ANNOUNCES AGREEMENT TO
SELL ALL
ASSETS RELATED TO THE STEMCO MOTOR WHEEL® AND CREWSON®
BUSINESSES
    * ENPRO INDUSTRIES - DURING Q2, IN CONNECTION WITH DECISION
TO
EXIT BUSINESS, CO RECORDED RELATED RESTRUCTURING & IMPAIRMENT
CHARGES OF $11.1 MILLION
    * ENPRO INDUSTRIES - UPON EXPECTED COMPLETION OF SALE DURING
Q3,
ANTICIPATES REVERSING $3.7 MILLION OF CASH RESTRUCTURING CHARGES
RECORDED IN Q2
    * ENPRO INDUSTRIES - UPON COMPLETION OF SALE, SEES RECORDING
LOSS
ON SALE OF BUSINESS OF ABOUT $4.4 MILLION, FOR PRETAX LOSS IN Q3
OF ABOUT $0.7 MILLION

Source text for Eikon:  ID:nBw95wJrRa 
Further company coverage:  NPO.N 

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