EnPro Industries Expects Flat FY23 Revenue Growth YoY (Prior Flat to Low-Single Digit Growth) Vs $1.1B Est, Adj EPS $6.70-$7.10 (Prior $6.4-$7.05) Vs $6.86 Est
Portfolio Pulse from Benzinga Newsdesk
EnPro Industries has revised its FY23 guidance, expecting flat revenue growth YoY, compared to the previous forecast of flat to low-single digit growth. Adjusted EBITDA is expected to be between $248 million and $256 million. Adjusted EPS guidance has been increased to $6.70-$7.10, primarily due to lower net interest expense and higher interest income.
August 08, 2023 | 12:59 pm
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EnPro Industries has revised its FY23 guidance, which could impact investor sentiment. The company now expects flat revenue growth and an increase in adjusted EPS, which could be seen as a positive sign.
The revised guidance from EnPro Industries could have a mixed impact on the stock. While the flat revenue growth might be seen as a negative sign, the increase in adjusted EPS could be seen as a positive sign. This could lead to a neutral impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100