Shares of EnPro Industries (NYSE:NPO) plummeted 5.53% on Monday after the industrial products maker reported weaker-than-expected third quarter results and lowered its full-year guidance.
For Q3 2024, EnPro posted adjusted earnings of $1.74 per share, missing Wall Street's consensus estimate of $1.87 by 6.9%. Revenue of $260.9 million also fell short of analysts' expectations of $264.5 million.
The company pointed to continued supply chain challenges and high inflation as factors impacting its results. EnPro CEO Eric Vaillancourt stated, "While our businesses continued to navigate a difficult operating environment in the third quarter, we delivered solid top-line growth and profitability with adjusted EBITDA margins of 24.6%."
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。