Enpro (NPO) FY2017 results: revenue $1.1 billion, down 7.3% on the year
Enpro Inc. (NPO) reported revenue of $1.1 billion for fiscal 2017, the year ended 31 December 2017, down 7.3% on the year before. Net income was $540 million, and diluted earnings per share $24.76. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$1.1 billion
-7.3% on the year
FY2010FY2017
Operating margin
6.4%
-0.2% a year earlier
FY2010FY2017
Net income
$540 million
FY2010FY2017
Diluted EPS
$24.76
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,101
1,188
1,204
-7.3%
Cost of revenue
716
793
809
-9.7%
Gross profit
385
396
396
-2.6%
Gross margin
35.0%
33.3%
32.8%
Research and development
24.5
28.9
22.5
-15.2%
Selling, general and administrative
298
303
303
-1.5%
Operating income
70.2
-2.5
37.6
Operating margin
6.4%
-0.2%
3.1%
Interest expense
50.9
55.9
52.8
-8.9%
Pre-tax income
546
-68.7
-18.6
Income tax
28.1
-28.6
2.3
Effective tax rate
5.1%
n/a
n/a
Net income
540
-40.1
-20.9
Net margin
49.0%
-3.4%
-1.7%
Diluted EPS
$24.76
-$1.86
-$0.93
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
46.6
64.5
86.5
-27.8%
Capital expenditure
30.3
35.8
36.8
-15.4%
Free cash flow
16.3
28.7
49.7
-43.2%
Free cash flow margin
1.5%
2.4%
4.1%
Cash from financing
118
n/a
n/a
Depreciation and amortisation
58.6
57.1
58.1
+2.6%
Share-based compensation
9.5
5.1
4.1
+86.3%
Buybacks
11.5
30.4
85.3
-62.2%
Dividends paid
19.0
18.1
18.0
+5.0%
Dividend per share
$0.88
$0.84
$0.80
+4.8%
Diluted shares, weighted
22m
22m
22m
+0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
903
358
460
+151.8%
Redeemable equity
n/a
n/a
0.0
Short-term borrowings
0.0
26.2
24.3
Debt
618
425
356
+45.5%
Other liabilities
365
737
658
-50.5%
Total liabilities and equity
1,886
1,546
1,499
+22.0%
Fixed assets
297
215
212
+37.8%
Goodwill
324
202
196
+60.8%
Cash and equivalents
189
112
103
+69.8%
Inventory
204
175
178
+16.4%
Other assets
872
843
810
+3.5%
Total assets
1,886
1,546
1,499
+22.0%
10-K for the year ended 31 December 2017, filed 25 February 2019: the filing.