Enpro (NPO) FY2013 results: revenue $1.1 billion, down 3.4% on the year
Enpro Inc. (NPO) reported revenue of $1.1 billion for fiscal 2013, the year ended 31 December 2013, down 3.4% on the year before. Net income was $27 million, down 33.2%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$1.1 billion
-3.4% on the year
FY2009FY2013
Operating margin
7.6%
9.1% a year earlier
FY2009FY2013
Net income
$27 million
-33.2% on the year
FY2009FY2013
Diluted EPS
$1.17
-38.4% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,144
1,184
1.9
-3.4%
Cost of revenue
763
784
726
-2.7%
Gross profit
381
400
-725
-4.7%
Gross margin
33.3%
33.8%
-38136.8%
Research and development
11.3
10.8
14.6
+4.6%
Selling, general and administrative
286
286
275
-0.1%
Operating income
86.4
108
102
-19.6%
Operating margin
7.6%
9.1%
5352.6%
Interest expense
45.1
43.2
40.8
+4.4%
Pre-tax income
35.8
63.5
65.0
-43.6%
Income tax
8.4
22.5
20.8
-62.7%
Effective tax rate
23.5%
35.4%
32.0%
Net income
27.4
41.0
44.2
-33.2%
Net margin
2.4%
3.5%
2326.3%
Diluted EPS
$1.17
$1.90
$2.06
-38.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
69.9
118
n/a
-40.9%
Capital expenditure
30.7
35.6
31.5
-13.8%
Free cash flow
39.2
82.6
n/a
-52.5%
Free cash flow margin
3.4%
7.0%
n/a
Depreciation and amortisation
56.6
55.5
48.4
+2.0%
Share-based compensation
6.0
7.1
5.4
-15.5%
Buybacks
0.0
n/a
n/a
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
24m
22m
22m
+8.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
584
534
494
+9.4%
Redeemable equity
15.9
0.0
n/a
Debt
446
444
398
+0.7%
Other liabilities
352
394
360
-10.6%
Total liabilities and equity
1,398
1,371
1,252
+2.0%
Fixed assets
188
186
164
+1.1%
Goodwill
220
220
201
-0.1%
Cash and equivalents
64.4
53.9
30.7
+19.5%
Inventory
149
131
113
+14.0%
Other assets
777
780
743
-0.4%
Total assets
1,398
1,371
1,252
+2.0%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.