EnPro Q1 adjusted EPS beats, helped by semiconductor demand; lifts 2026 outlook

Enpro

05/05/2026 11:41

Overview

Industrial technology firm's Q1 sales rose 10.9% yr/yr, slightly missing analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised full-year 2026 guidance on stronger semiconductor demand and recent acquisitions

Outlook

EnPro raises 2026 revenue growth outlook to 10%-14% from 8%-12%

Company now expects 2026 adjusted EBITDA of $315 mln to $330 mln, up from $305 mln to $320 mln

2026 adjusted diluted EPS forecast raised to $8.85-$9.50 from $8.50-$9.20

Result Drivers

SEMICONDUCTOR DEMAND - Improved demand for semiconductor products and capital equipment drove growth, especially in Advanced Surface Technologies

ACQUISITIONS - Contributions from recent acquisitions, including AlpHa Measurement Solutions and Overlook Industries, added to sales growth

PRICING AND DOMESTIC INDUSTRIAL MARKETS - Strategic pricing initiatives and firm general industrial markets in the U.S. supported results, offsetting weaker commercial vehicle and international industrial demand

Company press release: ID:nBw5lgYwQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Miss*
$303 mln
$303.90 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$2.14
$2.08 (3 Analysts)
Q1 EPS
$1.29
Q1 Adjusted Net Income
Beat
$45.60 mln
$44.37 mln (3 Analysts)
Q1 Adjusted EBITDA
$76.40 mln
Q1 Adjusted EBITDA Margin
25.20%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Enpro Inc is $305.00, about 5.4% above its May 4 closing price of $289.51

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)