Enpro (NPO) Investor presentation summary

Strategic evolution and value creation

• Transitioned from resolving legacy liabilities (2002–2018) to portfolio optimization (2019–2024) and now focuses on accelerating profitable growth as a premium industrial technology compounder (2025+).

• Achieved over $1B from 13 divestitures and invested $1.7B in five acquisitions, shifting to high-margin, technology-driven markets.

• Current strategy targets mid- to high single-digit organic growth and EBITDA margins above 25%.

Financial performance and outlook

• 2025 revenue reached $1.1B with adjusted EBITDA of $278M (24.3% margin) and a market cap of $5.7B as of February 2026.

• 2026 guidance projects 8–12% revenue growth, adjusted EBITDA of $305–$320M, and adjusted diluted EPS of $8.50–$9.20.

• Free cash flow rose 18% to $153.1M in 2025; capex was $48.1M, with two-thirds for growth and efficiency.

• Net leverage stands at approximately 2.0x trailing 12-month adjusted EBITDA, with $580M available under a $800M revolver.

• Dividend increased for the 11th consecutive year, with $26.2M paid in 2025 and a 0.5% yield.

Segment highlights and acquisitions

• Sealing Technologies segment (Garlock, STEMCO, Technetics) delivered 2025 sales of $732M and a 32.8% adjusted EBITDA margin, with strong aftermarket presence.

• Advanced Surface Technologies segment posted $412M in 2025 sales and a 20.1% adjusted EBITDA margin, focusing on semiconductor and high-growth markets.

• Recent acquisitions: Overlook Industries (biopharma single-use technologies) and Alpha Measurement Solutions (liquid analytical sensors), both integrated into Sealing Technologies.