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%."
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。