Enpro : Q1 2025 Enpro Earnings Conference Call Presentation

First Quarter 2025 Earnings Review

May 6, 2025

First Quarter 2025 Update Eric Vaillancourt

President & Chief Executive Officer

Overview of Financial Results Joe Bruderek

Executive Vice President & Chief Financial Officer

First Quarter 2025 Financial Performance

Adjusted EBITDA* & Margin*

+16.1%

Adjusted Diluted EPS*

$ in millions, except per share data

Sales

+6.1%

Gross Profit & Margin

+11.3%

• Strength in general industrial, aerospace, and food and pharma markets, as well as strength in advanced node precision cleaning and optical coatings and filter solutions, more than offset continued softness in semiconductor capital equipment spending and commercial vehicle OEM demand

• Organic sales increased 6.0% year over year

• Gross margin expanded 210 basis points driven by volume gains, favorable pricing and mix and continuous improvement initiatives, offset in part by increased expenses related to growth initiatives in AST

  • Adjusted EBITDA* of $67.8 million increased 16.1% over last year driven primarily by the same factors improving gross profit

    
    
    

  • Adjusted EBITDA margin* of 24.8% increased 210 basis points

• Adjusted diluted earnings per share* of

+21.0%

$1.90 increased 21.0% over last year driven by the factors improving gross profit and adjusted EBITDA

* Non-GAAP measure; refer to appendix for reconciliation to GAAP.

First Quarter 2025 Earnings Review 5