NPO

Enpro Increases Quarterly Dividend

Retrieved on: 
Thursday, February 15, 2024

Enpro Inc. (NYSE: NPO) today declared a quarterly dividend of $0.30 per share, a 3.4% increase from the previous quarterly dividend of $0.29 per share.

Key Points: 
  • Enpro Inc. (NYSE: NPO) today declared a quarterly dividend of $0.30 per share, a 3.4% increase from the previous quarterly dividend of $0.29 per share.
  • Enpro has now increased its quarterly dividend for nine consecutive years since initiating a dividend in 2015.
  • “As part of Enpro’s balanced capital allocation strategy, we review our dividend annually.
  • The dividend is payable on March 20, 2024, to shareholders of record as of the close of business on March 6, 2024.

Enpro to Present at Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium

Retrieved on: 
Thursday, February 15, 2024

Enpro Inc. (NYSE: NPO) will participate in Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium on Thursday, February 22.

Key Points: 
  • Enpro Inc. (NYSE: NPO) will participate in Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium on Thursday, February 22.
  • Milt Childress, Executive Vice President and Chief Financial Officer, will present virtually at 2:15 p.m. Eastern Time.
  • The webcast presentation will be available on the company’s website, http://www.enpro.com .

Enpro Announces Date for Fourth Quarter and Year-End 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, February 6, 2024

Enpro Inc. (NYSE: NPO) will release financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 20, at 6:30 a.m. Eastern Time.

Key Points: 
  • Enpro Inc. (NYSE: NPO) will release financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 20, at 6:30 a.m. Eastern Time.
  • Eric Vaillancourt, President and Chief Executive Officer, and Milt Childress, Executive Vice President and Chief Financial Officer, will host a conference call to review the company’s performance at 8:30 a.m. Eastern Time.
  • The conference call will be webcast live at http://www.enpro.com , and by telephone at 1-877-407-0832, using the access code 13735649, approximately 10 minutes before the call.
  • Fourth quarter and year-end 2023 financial results and the accompanying slide presentation will be available on the company’s website.

Enpro Inc. Completes Acquisition of Advanced Micro Instruments, Inc.

Retrieved on: 
Tuesday, January 30, 2024

Enpro Inc. (NYSE: NPO), an industrial technology company, today announced it has completed the previously announced acquisition of Advanced Micro Instruments, Inc. (AMI), a leading provider of highly-engineered, application-specific analyzers and sensing technologies that monitor critical parameters to ensure infrastructure integrity, enable process efficiency, enhance safety and facilitate the clean energy transition.

Key Points: 
  • Enpro Inc. (NYSE: NPO), an industrial technology company, today announced it has completed the previously announced acquisition of Advanced Micro Instruments, Inc. (AMI), a leading provider of highly-engineered, application-specific analyzers and sensing technologies that monitor critical parameters to ensure infrastructure integrity, enable process efficiency, enhance safety and facilitate the clean energy transition.
  • The acquisition was completed on January 29, 2024 and funded using available cash.
  • AMI will be included in the Sealing Technologies segment, broadening the segment’s portfolio of products and solutions that safeguard critical environments and is expected to be accretive to segment revenue growth and profitability, in addition to Enpro’s adjusted diluted earnings per share.

NSE is the World’s Largest Derivative Exchange for Fifth Consecutive Year

Retrieved on: 
Thursday, January 18, 2024

NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body.

Key Points: 
  • NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body.
  • View the full release here: https://www.businesswire.com/news/home/20240118034299/en/
    National Stock Exchange of India (NSE) is the world’s largest derivatives exchange for the fifth consecutive year in 2023.
  • NSE has witnessed year on year growth in number of clients traded for the 10th consecutive year beginning 2014 to 2023 in its equity segment.
  • NSE International Exchange (NSE IX), commenced its full-scale operations of the NSE IX-SGX GIFT Connect from July 3, 2023, paving way for creating deeper liquidity pool for Nifty products at GIFT IFSC.

OIF Unveils CEI-112G-XSR+-PAM4 Extended Extra Short Reach Implementation Agreement, Paving the Way for Advanced Interconnectivity

Retrieved on: 
Wednesday, January 17, 2024

OIF , where the optical networking industry’s interoperability work gets done, has published a new Implementation Agreement (IA) for Common Electrical I/O (CEI) CEI-112G-XSR+-PAM4 Extended Extra Short Reach .

Key Points: 
  • OIF , where the optical networking industry’s interoperability work gets done, has published a new Implementation Agreement (IA) for Common Electrical I/O (CEI) CEI-112G-XSR+-PAM4 Extended Extra Short Reach .
  • The intended applications encompass multiple-chip modules (MCM), co-packaged optics (CPO) and near-package optics (NPO) assemblies.
  • It also details the requirements for the CEI-112G-XSR+-PAM4 extended extra short reach high-speed electrical interface with nominal baud rates between 36 Gsym/s and 58 Gsym/s using PAM4 modulation.
  • CMIS Technical Webinar Series: OIF is hosting a series of free, public CMIS tutorial webinars.

Enpro Inc. to Appoint Joseph F. Bruderek Jr. as Chief Financial Officer

Retrieved on: 
Monday, January 8, 2024

Enpro Inc. (NYSE: NPO), an industrial technology company, today announced that Joe Bruderek has joined the company as Executive Vice President, Finance, and Enpro’s board has appointed Mr. Bruderek as Chief Financial Officer effective April 1, 2024.

Key Points: 
  • Enpro Inc. (NYSE: NPO), an industrial technology company, today announced that Joe Bruderek has joined the company as Executive Vice President, Finance, and Enpro’s board has appointed Mr. Bruderek as Chief Financial Officer effective April 1, 2024.
  • Mr. Childress will continue as Enpro’s Chief Financial Officer until April 1, 2024, and will remain with the Company until May 31, 2024, to ensure a smooth transition.
  • “Joe is an accomplished executive with considerable financial and operational expertise, and we are excited to welcome him as Enpro’s next Chief Financial Officer,” said Eric Vaillancourt, President and Chief Executive Officer.
  • Mr. Bruderek served in various financial roles of increasing responsibility from 2000 to 2006 while the business was part of General Electric.

McNally Capital to Sell Advanced Micro Instruments, Inc. to Enpro Inc.

Retrieved on: 
Wednesday, January 3, 2024

McNally Capital (“McNally”), a private equity firm, is pleased to announce the firm has entered into a signed purchase agreement for the sale of Advanced Micro Instruments, Inc. (“AMI” or the “Company”) to Enpro Inc. (NYSE: NPO).

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce the firm has entered into a signed purchase agreement for the sale of Advanced Micro Instruments, Inc. (“AMI” or the “Company”) to Enpro Inc. (NYSE: NPO).
  • McNally invested in AMI in partnership with the company’s founder, Steven Kirchnavy, in 2014.
  • We look forward to continuing our growth trajectory by joining the Enpro family,” said Kevin Bates, President and CEO of AMI.
  • The firm is currently investing out of its committed buyout fund, McNally Capital Fund II, LP.

Judith A. Reinsdorf and Katherine M. Sandstrom Named to Toll Brothers Board of Directors

Retrieved on: 
Wednesday, December 13, 2023

FORT WASHINGTON, Pa., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, today announced that Judith A. Reinsdorf and Katherine M. Sandstrom have joined the Company’s Board of Directors.

Key Points: 
  • FORT WASHINGTON, Pa., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, today announced that Judith A. Reinsdorf and Katherine M. Sandstrom have joined the Company’s Board of Directors.
  • She is also on the Board of Trustees of the University of Rochester and the board of the New Jersey Chapter of the National Association of Corporate Directors.
  • Douglas C. Yearley, Jr., chairman and chief executive officer, stated: “We are very pleased and excited to welcome both Judy and Kathy to the Toll Brothers Board of Directors.
  • We wish him all the best and are deeply appreciative of his many years of distinguished service to Toll Brothers.”

Enpro Inc. to Acquire Advanced Micro Instruments, Inc.

Retrieved on: 
Thursday, December 28, 2023

Under the terms of the agreement, Enpro will acquire AMI for $210 million in cash, representing a valuation of approximately 13x normalized 2023 EBITDA.

Key Points: 
  • Under the terms of the agreement, Enpro will acquire AMI for $210 million in cash, representing a valuation of approximately 13x normalized 2023 EBITDA.
  • Based in Costa Mesa, California, AMI serves customers in the midstream natural gas, biogas, industrial processing, cryogenics, food processing, laboratory, wastewater and aerospace markets.
  • The acquisition is expected to be accretive to segment revenue growth and profitability, in addition to Enpro’s adjusted diluted earnings per share.
  • Enpro is the ideal partner for us to accelerate our future growth.”
    The transaction is expected to close in early 2024, subject to limited closing conditions, including regulatory approvals.