Charlotte, North Carolina-based Enpro (NYSE:NPO) reported fourth-quarter adjusted earnings that surpassed Wall Street expectations, despite the industrial products maker posting a net loss for the period.
The company announced a fourth-quarter net loss of $32 million, or $1.52 per share on a generally accepted accounting principles basis.
However, when adjusted for non-recurring costs, earnings stood at $1.99 per share.
This performance comfortably beat the $1.91 average estimate of three analysts surveyed by Zacks Investment Research.
Top-line results also exceeded market forecasts.
Enpro posted revenue of $295.4 million in the fourth quarter, outperforming the $280.5 million projected by the Zacks consensus estimate.
For the full year, the manufacturer reported a total profit of $40.5 million, translating to $1.91 per share.
Annual revenue reached $1.14 billion, underscoring the company's steady operational execution in the industrial sector.
Looking ahead, Enpro provided an optimistic outlook for the upcoming cycle.
The company expects full-year earnings to range between $8.50 and $9.20 per share, signaling confidence in its core markets and continued profitability.