Enpro reported strong fourth-quarter and full-year 2024 results, showing improvements in profitability and financial performance.

For the fourth quarter, sales increased 3.7% to $258.4 million, with organic sales rising 1.2%. GAAP net income from continuing operations improved significantly to $13.9 million, compared to a loss of $4.9 million in the prior year. Adjusted EBITDA rose 24.1% to $58.2 million. Diluted earnings per share from continuing operations increased to $0.66, up from a loss of $0.23, while adjusted diluted earnings per share grew 31.9% to $1.57.

For the full year, sales totaled $1.05 billion, down 1.0%, with organic sales declining 3.9%. GAAP net income from continuing operations increased to $72.9 million, a sharp rise from $10.8 million in 2023. Adjusted EBITDA grew 7.1% to $254.8 million, while diluted earnings per share rose to $3.45, compared to $0.51 in the prior year. Adjusted diluted earnings per share improved 6.4% to $6.96.

Looking ahead to 2025, Enpro expects revenue growth in the low to mid-single-digit range, with adjusted EBITDA projected between $262 million and $277 million. Adjusted diluted earnings per share are forecasted to be between $7.00 and $7.70. The company highlighted its strong balance sheet and cash flow generation, supporting further investment in organic growth and strategic acquisitions.