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EnPro Industries Slashes FY19 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Tuesday, EnPro Industries, Inc. (NPO) lowered its adjusted earnings and adjusted EBITDA guidance for the full-year 2019, based on performance in the third quarter and outlook for the remainder of the year.

For fiscal 2019, the company now projects adjusted earnings in a range of $3.90 to $4.04 per share and adjusted EBITDA in a range of $210 million to $214 million. The guidance includes the anticipated fourth quarter impact of the LeanTeq transaction.

Previously, the company expected adjusted earnings in a range of $4.45 to $4.59 per share and adjusted EBITDA in a range of $225 million to $229 million.

On average, 3 analysts polled by Thomson Reuters expect the company to report earnings of $4.35 per share for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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