Enpro (NPO) FY2016 results: revenue $1.2 billion, down 1.4% on the year
Enpro Inc. (NPO) reported revenue of $1.2 billion for fiscal 2016, the year ended 31 December 2016, down 1.4% on the year before. Net income was -$40 million, and diluted earnings per share $-1.86. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$1.2 billion
-1.4% on the year
FY2009FY2016
Operating margin
-0.2%
3.1% a year earlier
FY2009FY2016
Net income
-$40 million
FY2009FY2016
Diluted EPS
-$1.86
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,188
1,204
1,219
-1.4%
Cost of revenue
793
809
803
-2.0%
Gross profit
396
396
417
+0.1%
Gross margin
33.3%
32.8%
34.2%
Research and development
28.9
22.5
20.0
+28.4%
Selling, general and administrative
303
303
320
-0.0%
Operating income
-2.5
37.6
63.4
Operating margin
-0.2%
3.1%
5.2%
Interest expense
55.9
52.8
45.1
+5.9%
Pre-tax income
-68.7
-18.6
32.6
Income tax
-28.6
2.3
10.6
Effective tax rate
n/a
n/a
32.5%
Net income
-40.1
-20.9
22.0
Net margin
-3.4%
-1.7%
1.8%
Diluted EPS
-$1.86
-$0.93
$0.85
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
64.5
86.5
32.2
-25.4%
Capital expenditure
35.8
36.8
41.8
-2.7%
Free cash flow
28.7
49.7
-9.6
-42.3%
Free cash flow margin
2.4%
4.1%
-0.8%
Depreciation and amortisation
57.1
58.1
57.5
-1.7%
Share-based compensation
5.1
4.1
9.8
+24.4%
Buybacks
30.4
85.3
0.0
-64.4%
Dividends paid
18.1
18.0
0.0
+0.6%
Dividend per share
$0.84
$0.80
$0.00
+5.0%
Diluted shares, weighted
22m
22m
26m
-4.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
358
460
624
-22.0%
Redeemable equity
n/a
0.0
1.0
Short-term borrowings
26.2
24.3
23.6
+7.8%
Debt
425
356
321
+19.3%
Other liabilities
737
658
634
+11.9%
Total liabilities and equity
1,546
1,499
1,604
+3.2%
Fixed assets
215
212
199
+1.8%
Goodwill
202
196
232
+2.9%
Cash and equivalents
112
103
194
+7.8%
Inventory
175
178
160
-1.7%
Other assets
843
810
818
+4.1%
Total assets
1,546
1,499
1,604
+3.2%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.