Strong Performance in Sealing Technologies
The Sealing Technologies segment achieved an adjusted EBITDA margin over 32%, with sales increasing by 11% and organic sales by 6.7%. Adjusted segment EBITDA increased nearly 32% from the prior year, with EBITDA margin expanding by almost 500 basis points to 31%.
Record Adjusted EBITDA Growth
EnPro Industries, Inc. reported approximately $255 million in adjusted EBITDA for 2024, up 7% from the previous year. The adjusted EBITDA margin of 24.3% increased by 180 basis points compared to the prior year.
Positive Cash Flow and Financial Stability
The company ended 2024 with a net leverage ratio of 1.6 times, generating $130 million in free cash flow. They also continued their commitment to shareholder returns with a 10th consecutive annual dividend increase.
Launch of EnPro 3.0
The introduction of EnPro 3.0 aims to accelerate profitable business growth, focusing on long-term strategic goals with a target of mid to high single-digit top-line growth and 30% adjusted segment EBITDA margins.