Enpro (NPO) FY2020 results: revenue $800 million, down 33.6% on the year
Enpro Inc. (NPO) reported revenue of $800 million for fiscal 2020, the year ended 31 December 2020, down 33.6% on the year before. Net income was $178 million, up 363.7%, and diluted earnings per share $8.64. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$800 million
-33.6% on the year
FY2013FY2020
Operating margin
3.6%
4.7% a year earlier
FY2013FY2020
Net income
$178 million
+363.7% on the year
FY2013FY2020
Diluted EPS
$8.64
+367.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
800
1,206
1,274
-33.6%
Cost of revenue
514
802
856
-35.8%
Gross profit
286
404
418
-29.3%
Gross margin
35.7%
33.5%
32.8%
Research and development
9.4
20.6
22.9
-54.4%
Selling, general and administrative
230
315
312
-26.9%
Operating income
29.1
56.6
85.8
-48.6%
Operating margin
3.6%
4.7%
6.7%
Interest expense
16.5
19.6
28.5
-15.8%
Pre-tax income
-23.5
4.3
15.1
Income tax
-2.5
-3.5
19.8
Effective tax rate
n/a
-81.4%
131.1%
Net income
178
38.3
19.6
+363.7%
Net margin
22.2%
3.2%
1.5%
Diluted EPS
$8.64
$1.85
$0.94
+367.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
50.6
208
226
-75.6%
Capital expenditure
13.4
21.6
36.1
-38.0%
Free cash flow
37.2
186
190
-80.0%
Free cash flow margin
4.7%
15.4%
14.9%
Cash from financing
-167
124
-252
Depreciation and amortisation
56.6
67.9
66.1
-16.6%
Share-based compensation
5.4
6.8
6.5
-20.6%
Buybacks
5.3
15.0
50.0
-64.7%
Dividends paid
21.7
20.9
20.3
+3.8%
Dividend per share
$1.04
$1.00
$0.96
+4.0%
Diluted shares, weighted
20m
21m
21m
-1.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,081
897
858
+20.6%
Redeemable equity
48.4
28.0
0.0
+72.9%
Short-term borrowings
0.0
n/a
n/a
Debt
491
629
465
-21.9%
Operating lease liabilities
35.3
28.4
n/a
+24.3%
Other liabilities
427
453
396
-5.7%
Total liabilities and equity
2,084
2,035
1,719
+2.4%
Fixed assets
195
219
234
-10.9%
Goodwill
605
485
322
+24.7%
Cash and equivalents
230
121
130
+89.4%
Inventory
139
157
174
-11.5%
Other assets
915
1,053
859
-13.1%
Total assets
2,084
2,035
1,719
+2.4%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.