Enpro (NPO) FY2018 results: revenue $1.3 billion, up 15.7% on the year
Enpro Inc. (NPO) reported revenue of $1.3 billion for fiscal 2018, the year ended 31 December 2018, up 15.7% on the year before. Net income was $20 million, down 96.4%, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$1.3 billion
+15.7% on the year
FY2011FY2018
Operating margin
6.7%
6.4% a year earlier
FY2011FY2018
Net income
$20 million
-96.4% on the year
FY2011FY2018
Diluted EPS
$0.94
-96.2% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,274
1,101
1,188
+15.7%
Cost of revenue
856
716
793
+19.5%
Gross profit
418
385
396
+8.6%
Gross margin
32.8%
35.0%
33.3%
Research and development
22.9
24.5
28.9
-6.5%
Selling, general and administrative
312
298
303
+4.5%
Operating income
85.8
70.2
-2.5
+22.2%
Operating margin
6.7%
6.4%
-0.2%
Interest expense
28.5
50.9
55.9
-44.0%
Pre-tax income
15.1
546
-68.7
-97.2%
Income tax
19.8
28.1
-28.6
-29.5%
Effective tax rate
131.1%
5.1%
n/a
Net income
19.6
540
-40.1
-96.4%
Net margin
1.5%
49.0%
-3.4%
Diluted EPS
$0.94
$24.76
-$1.86
-96.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
226
46.6
64.5
+385.8%
Capital expenditure
36.1
30.3
35.8
+19.1%
Free cash flow
190
16.3
28.7
+1,067.5%
Free cash flow margin
14.9%
1.5%
2.4%
Cash from financing
-252
118
n/a
Depreciation and amortisation
66.1
58.6
57.1
+12.8%
Share-based compensation
6.5
9.5
5.1
-31.6%
Buybacks
50.0
11.5
30.4
+334.8%
Dividends paid
20.3
19.0
18.1
+6.8%
Dividend per share
$0.96
$0.88
$0.84
+9.1%
Diluted shares, weighted
21m
22m
22m
-4.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
858
903
358
-5.0%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
n/a
0.0
26.2
Debt
465
618
425
-24.8%
Other liabilities
396
365
737
+8.7%
Total liabilities and equity
1,719
1,886
1,546
-8.9%
Fixed assets
234
297
215
-21.1%
Goodwill
322
324
202
-0.6%
Cash and equivalents
130
189
112
-31.5%
Inventory
174
204
175
-14.6%
Other assets
859
872
843
-1.5%
Total assets
1,719
1,886
1,546
-8.9%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.