Enpro (NPO) FY2019 results: revenue $1.2 billion, down 5.4% on the year
Enpro Inc. (NPO) reported revenue of $1.2 billion for fiscal 2019, the year ended 31 December 2019, down 5.4% on the year before. Net income was $38 million, up 95.4%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2020.
Revenue
$1.2 billion
-5.4% on the year
FY2012FY2019
Operating margin
4.7%
6.7% a year earlier
FY2012FY2019
Net income
$38 million
+95.4% on the year
FY2012FY2019
Diluted EPS
$1.85
+96.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,206
1,274
1,101
-5.4%
Cost of revenue
802
856
716
-6.3%
Gross profit
404
418
385
-3.5%
Gross margin
33.5%
32.8%
35.0%
Research and development
20.6
22.9
24.5
-10.0%
Selling, general and administrative
315
312
298
+1.1%
Operating income
56.6
85.8
70.2
-34.0%
Operating margin
4.7%
6.7%
6.4%
Interest expense
19.6
28.5
50.9
-31.2%
Pre-tax income
4.3
15.1
546
-71.5%
Income tax
-3.5
19.8
28.1
Effective tax rate
-81.4%
131.1%
5.1%
Net income
38.3
19.6
540
+95.4%
Net margin
3.2%
1.5%
49.0%
Diluted EPS
$1.85
$0.94
$24.76
+96.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
208
226
46.6
-8.3%
Capital expenditure
21.6
36.1
30.3
-40.2%
Free cash flow
186
190
16.3
-2.3%
Free cash flow margin
15.4%
14.9%
1.5%
Cash from financing
124
-252
118
Depreciation and amortisation
67.9
66.1
58.6
+2.7%
Share-based compensation
6.8
6.5
9.5
+4.6%
Buybacks
15.0
50.0
11.5
-70.0%
Dividends paid
20.9
20.3
19.0
+3.0%
Dividend per share
$1.00
$0.96
$0.88
+4.2%
Diluted shares, weighted
21m
21m
22m
-0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
897
858
903
+4.5%
Redeemable equity
28.0
0.0
n/a
Short-term borrowings
n/a
n/a
0.0
Debt
629
465
618
+35.4%
Operating lease liabilities
28.4
n/a
n/a
Other liabilities
453
396
365
+14.2%
Total liabilities and equity
2,035
1,719
1,886
+18.4%
Fixed assets
219
234
297
-6.6%
Goodwill
485
322
324
+50.7%
Cash and equivalents
121
130
189
-6.5%
Inventory
157
174
204
-9.8%
Other assets
1,053
859
872
+22.6%
Total assets
2,035
1,719
1,886
+18.4%
10-K for the year ended 31 December 2019, filed 11 March 2020: the filing.