COMPANY FILINGS

Enpro

NPO

In fiscal 2025, Enpro supplied industrial technology products and services through its Sealing Technologies and Advanced Surface Technologies segments, including engineered seals and components, semiconductor equipment cleaning and refurbishment, and specialized optical coatings.

Business description: FY2025CIK 0001164863Source: SEC EDGAR
Annual reports
5
Report coverage
2021–2025
Financial statement focus
Balance sheet
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Annual report insights

AI summary

AI-generated summaries of the cited 10-K filings. For informational purposes only; not personalized investment advice.

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Fiscal 2025

Year ended Filed

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  • Enpro's 2025 sales rose 9.0% to US$1,143.3 million. Advanced Surface Technologies sales increased 13.6%; management attributed that segment's improvement to advanced chip-manufacturing applications and some recovery in demand for equipment used to manufacture semiconductor chips, while describing demand as uneven.

    Source: 2025
  • In the fourth quarter of 2025, Enpro acquired Overlook and AlpHa for a combined US$273.9 million after subtracting cash acquired with the businesses. Overlook supplies single-use components for producing biological medicines, while AlpHa supplies sensors and instruments that measure properties of liquids.

    Source: 2025
View full 10-K summary 2025Hide full 10-K summary 2025

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Operating cash

    Continuing operations generated $201.2 million of operating cash in 2025, compared with $162.9 million in 2024. Management attributed the increase primarily to higher revenue and operating income and lower net cash interest payments.

    Source: 2025

Negative signals

  • Pension settlement

    Income from continuing operations attributable to Enpro fell to US$40.5 million in 2025 from US$72.9 million in 2024. Fourth-quarter results included a US$67.2 million accounting loss before income tax from settling its remaining U.S. defined benefit pension plan; the loss was noncash rather than new cash paid. The termination preserved retirement benefits owed to participants but changed who would pay them. Existing plan assets fully satisfied the settlement obligations.

    Source: 2025
  • Water Valley claims

    Between May 28 and August 27, 2025, 150 individuals filed workers' compensation petitions alleging injuries from workplace chemical exposure at the former Water Valley facility. The unresolved proceedings were at an early stage, and Enpro could not estimate reasonably possible outcomes. It had not recorded an estimated liability for these legal proceedings at December 31, 2025; that does not mean possible losses were zero or that there were no separate environmental obligations.

    Source: 2025

Business context

  • Customer dependence

    One Advanced Surface Technologies customer accounted for approximately 24% of Enpro's consolidated net sales in 2025. Separately from that realized concentration, Enpro warned that losing this or other key customer relationships, or adverse changes in those relationships, could materially harm its business and financial results; it did not report such a loss as having occurred.

    Source: 2025

Business in fiscal 2025

In fiscal 2025, Enpro supplied industrial technology products and services through its Sealing Technologies and Advanced Surface Technologies segments, including engineered seals and components, semiconductor equipment cleaning and refurbishment, and specialized optical coatings.

Source: 2025

5-year changes

FY2021–FY2025

These changes use selected original filing passages and nearby context from the stated five fiscal years. They are not an exhaustive review of all five reports and exclude later-year filings.

  • Credit capacity

    Enpro's December 2021 credit agreement included a five-year, $400.0 million secured revolving credit facility—a borrowing arrangement that permits repeated borrowing and repayment. Its April 2025 amendment provided a revolving facility of up to $800.0 million, maturing April 9, 2030. These figures describe facility limits, not amounts borrowed.

    Source: 2021, 2025
  • Semiconductor demand

    Advanced Surface Technologies sales fell from $401.2 million in 2023 to $362.2 million in 2024, then rose to $411.6 million in 2025. Management attributed the 2024 decline primarily to weak spending on equipment used to manufacture semiconductor chips. For 2025, it cited advanced chip-manufacturing applications and some improvement in equipment demand, while describing demand as uneven. These segment sales include intersegment sales, meaning sales between Enpro businesses.

    Source: 2024, 2025
  • Customer concentration

    Enpro's filings identified an Advanced Surface Technologies customer representing approximately 27% of consolidated net sales in 2022, 26% in 2023, 21% in 2024 and 24% in 2025. The reported exposure therefore did not decline continuously. The 2025 filing warned that losing this or other key customer relationships, or adverse changes in those relationships, could materially harm the business; that warning describes a conditional risk, not a reported customer loss.

    Source: 2022, 2023, 2024, 2025
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FINANCIAL STATEMENTS

Balance sheet

A snapshot of what Enpro owns and owes at a point in time.

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Read the company’s balance sheet in the original annual reports below.

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Annual reports & SEC 10-K filings

SEC EDGAR

5 reports in this collection

Original SEC annual reports, with report period and filing date
Report periodFiled with SECFormSource
Dec 31, 20250001628280-26-009798Feb 19, 202610-KOpen 10-Ksec.govRead FY2025 summary
Dec 31, 20240001164863-25-000009Feb 21, 202510-KOpen 10-Ksec.gov
Dec 31, 20230001164863-24-000015Feb 27, 202410-KOpen 10-Ksec.gov
Dec 31, 20220001164863-23-000028Mar 1, 202310-KOpen 10-Ksec.gov
Dec 31, 20210001164863-22-000010Mar 1, 202210-KOpen 10-Ksec.gov

Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.