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2023 Guidance
Enpro now expects 2023 revenue to be flat compared to 2022, versus the previous forecast of flat to low-single digit growth. Adjusted EBITDA is now expected in the range of $248 million to $256 million, from $248 million to $260 million previously, reflecting the share-price-driven incentive compensation expense recognized in the second quarter.
Adjusted diluted earnings per share guidance is increased and expected to be in the range of $6.70 to $7.10 per share, versus $6.45 to $7.05 previously, primarily reflecting lower net interest expense resulting from debt repayment and higher interest income on cash balances.
Posted In: NPO
