Enpro (NPO) FY2014 results: revenue $1.2 billion, up 6.6% on the year
Enpro Inc. (NPO) reported revenue of $1.2 billion for fiscal 2014, the year ended 31 December 2014, up 6.6% on the year before. Net income was $22 million, down 19.7%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$1.2 billion
+6.6% on the year
FY2009FY2014
Operating margin
5.2%
7.6% a year earlier
FY2009FY2014
Net income
$22 million
-19.7% on the year
FY2009FY2014
Diluted EPS
$0.85
-27.4% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,219
1,144
1,184
+6.6%
Cost of revenue
803
763
784
+5.2%
Gross profit
417
381
400
+9.3%
Gross margin
34.2%
33.3%
33.8%
Research and development
20.0
11.3
10.8
+77.0%
Selling, general and administrative
320
286
286
+11.8%
Operating income
63.4
86.4
108
-26.6%
Operating margin
5.2%
7.6%
9.1%
Interest expense
45.1
45.1
43.2
0.0%
Pre-tax income
32.6
35.8
63.5
-8.9%
Income tax
10.6
8.4
22.5
+26.2%
Effective tax rate
32.5%
23.5%
35.4%
Net income
22.0
27.4
41.0
-19.7%
Net margin
1.8%
2.4%
3.5%
Diluted EPS
$0.85
$1.17
$1.90
-27.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
32.2
69.9
118
-53.9%
Capital expenditure
41.8
30.7
35.6
+36.2%
Free cash flow
-9.6
39.2
82.6
Free cash flow margin
-0.8%
3.4%
7.0%
Depreciation and amortisation
57.5
56.6
55.5
+1.6%
Share-based compensation
9.8
6.0
7.1
+63.3%
Buybacks
0.0
0.0
n/a
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
26m
24m
22m
+9.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
624
584
534
+6.8%
Redeemable equity
1.0
15.9
0.0
-93.7%
Short-term borrowings
23.6
n/a
n/a
Debt
321
446
444
-28.1%
Other liabilities
634
352
394
+80.2%
Total liabilities and equity
1,604
1,398
1,371
+14.7%
Fixed assets
199
188
186
+6.3%
Goodwill
232
220
220
+5.5%
Cash and equivalents
194
64.4
53.9
+201.6%
Inventory
160
149
131
+7.1%
Other assets
818
777
780
+5.3%
Total assets
1,604
1,398
1,371
+14.7%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.