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EnPro Industries Inc (NPO.N)

NPO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EnPro announces exchange offer for its unregistered 5.875 pct senior notes
Monday, 16 Oct 2017 04:30pm EDT 

Oct 17 (Reuters) - EnPro Industries Inc :EnPro Industries announces exchange offer for its unregistered 5.875 pct senior notes due 2022.EnPro Industries Inc - offer to exchange up to $150 million of 5.875 pct senior notes due 2022 for its outstanding unregistered 5.875 pct senior notes due 2022.EnPro Industries Inc - ‍ exchange offer does not represent a new financing transaction​.EnPro Industries Inc - ‍ exchange offer will expire at 5:00 p.m., New York City time, on Tuesday, November 14, 2017 unless it is extended or terminated​.  Full Article

Enpro Industries says joint plan of reorganization consummated and became effective
Monday, 31 Jul 2017 08:56am EDT 

July 31 (Reuters) - Enpro Industries Inc :Enpro industries says joint plan of reorganization consummated and became effective; Gst and Oldco became free to operate its respective business​.Enpro industries - Gst and Oldco have been reconsolidated with co for financial reporting purposes as of joint plan effective date​.Enpro industries inc - ‍joint plan permanently resolves asbestos claims against Gst Llc, Garrison And Oldco, as successor by merger to Coltec​.  Full Article

Enpro Industries reports Q2 adjusted earnings of $0.46/shr
Monday, 31 Jul 2017 06:30am EDT 

July 31 (Reuters) - Enpro Industries Inc :Enpro Industries reports results for the second quarter of 2017.Qtrly net sales $307.6 million versus $313.2 million.Enpro Industries Inc - qtrly adjusted diluted earnings per share $0.46.Enpro Industries Inc qtrly earnings per share $0.41.Qtrly pro forma net sales $347.0 million versus $352.3 million.Enpro Industries Inc - increasing guidance for 2017 adjusted EBITDA to a range of $200 to $205 million."We expect improved activity in second half of year" for power systems segment.  Full Article

Enpro Industries concludes asbestos claims resolutions process with consummation of subsidiaries’ joint reorganization plan
Monday, 31 Jul 2017 06:00am EDT 

July 31 (Reuters) - Enpro Industries Inc :Enpro Industries concludes asbestos claims resolutions process with consummation of subsidiaries’ joint reorganization plan.Enpro Industries Inc - ‍as a result, gst and oldco have been reconsolidated with enpro for financial reporting purposes as of july 31, 2017​.Enpro Industries - consolidated financial statements will include sales, income, expenses, cash flows of both gst and oldco beginning on July 31, 2017​.  Full Article

Enpro industries says district court approved units’ joint reorganization plan
Monday, 12 Jun 2017 11:30am EDT 

June 12 (Reuters) - EnPro Industries Inc : :EnPro Industries announces District Court approval of subsidiaries’ joint reorganization plan.EnPro anticipates that, absent any appeals, joint plan will be consummated on or about July 29, 2017.Joint plan may not be consummated until at least 40 days after date District Court issues its order confirming joint plan​.Bankruptcy court entered an order confirming joint plan of reorganization of certain of EnPro's subsidiaries.Court approved settlements with insurance carriers issued policies covering losses associated with product liability claims against Coltec, units.Consummation of joint plan would effect "substantive conclusion" of asbestos claims resolution proceedings involving GST LLC, co's units.OldCo estimates that carrier will owe about $11 million in reimbursements over life of asbestos trust for share of Coltec claims.‍GST, OldCo are not consolidated with EnPro and its other subsidiaries for financial reporting purposes​‍​.Order confirming joint plan of reorganization of certain of subsidiaries to resolve their current and future asbestos claims.OldCo and asbestos trust to be established under joint plan will share equally in any collections above that $6 million amount.Settlements will not impact consolidated financial results of EnPro for quarter ending June 30, 2017.District Court approved settlement, Fairbanks Morse Pump successors to pay OldCo $6 million in 3 installments over 9 yrs after consummation.  Full Article

Enpro Industries announces acquisition of Qualiseal
Thursday, 1 Jun 2017 06:30am EDT 

June 1 (Reuters) - Enpro Industries Inc ::Enpro Industries announces acquisition of Qualiseal.Enpro Industries Inc - ‍terms were not disclosed.​.Enpro Industries Inc - ‍terms were not disclosed.​.Qualiseal Technology will continue to conduct business under Qualiseal Technology name.Enpro Industries Inc - ‍acquisition of assets of Qualiseal Technology, a privately-held company offering custom-engineered mechanical seals​.Qualiseal was acquired from QCC LLC, a portfolio company of Promus Equity Partners LLC, in a cash transaction.  Full Article

Enpro Industries announces bankruptcy court approval of subsidiaries’ joint reorganization plan
Monday, 15 May 2017 04:30pm EDT 

May 15 (Reuters) - Enpro Industries Inc :Enpro Industries announces bankruptcy court approval of subsidiaries’ joint reorganization plan.Joint reorganization plan remains subject to district court approval.Enpro anticipates that bankruptcy court will soon enter its order recommending confirmation of joint plan.District court has scheduled a hearing on June 12, 2017 to consider bankruptcy court's recommendation.Joint plan implements terms of a comprehensive settlement reached in March 2016.Bankruptcy court also announced that it will recommend that district court approve several settlements with insurance carriers.Bankruptcy court says will recommend that court approve settlements with two insurance carriers that issued primary general liability policies prior to Jan 1, 1976.Insurance settlements are subject to a notice period and possibility of objections prior to June 12 hearing.On May 15, 2017 U.S. bankruptcy court announced its decision recommending that court confirm joint plan of reorganization.Joint plan of reorganization of certain of Enpro's subsidiaries, including Garlock Sealing Technologies Llc (GST LLC).  Full Article

Enpro Industries Q1 earnings per share $0.30
Monday, 1 May 2017 06:30pm EDT 

May 1 (Reuters) - Enpro Industries Inc :Enpro Industries reports results for the first quarter of 2017.Qtrly earnings per share $0.30.Qtrly net sales $295.8 million versus $294.9 million."increasing our guidance for our 2017 pro forma adjusted ebitda".Enpro Industries Inc - SG&A costs in Q1 of 2016 were highest of year, with costs moderating considerably in second through fourth quarters.Revised estimated range for pro forma adjusted EBITDA in 2017 is $193 million to $198 million.  Full Article

Enpro Industries prices offering of $150 million of senior notes
Tuesday, 21 Mar 2017 01:44pm EDT 

Enpro Industries Inc : Enpro Industries prices tack-on offering of $150 million of senior notes . Enpro Industries Inc - priced its previously announced offering of $150 million aggregate principal amount of its 5.875% senior notes due 2022 .Enpro Industries Inc - additional notes were priced at 101.0% of principal amount, plus accrued interest from march 15, 2017 to closing date.  Full Article

Enpro Industries announces proposed tack-on offering of $150 mln of senior notes
Monday, 20 Mar 2017 08:13am EDT 

Enpro Industries Inc : Enpro industries announces proposed tack-on offering of $150 million of senior notes . Enpro industries - announced its intention to commence an offering of $150 million aggregate principal amount of its 5.875% senior notes due 2022 .Enpro industries - additional notes will be treated as single series with outstanding $300 million aggregate principal amount 5.875% senior notes due 2022.  Full Article

BRIEF-EnPro announces exchange offer for its unregistered 5.875 pct senior notes

* EnPro Industries announces exchange offer for its unregistered 5.875 pct senior notes due 2022