CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Enpro Inc. (NPO) on Wednesday reported a loss of $32 million in its fourth quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $1.52. Earnings, adjusted for non-recurring costs, came to $1.99 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The industrial products maker posted revenue of $295.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $280.5 million.
For the year, the company reported profit of $40.5 million, or $1.91 per share. Revenue was reported as $1.14 billion.
Enpro expects full-year earnings in the range of $8.50 to $9.20 per share.
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