EnPro Industries this morning reported lower net income for the first quarter compared with the same period last year. The Charlotte-based company, which manufactures and markets industrial sealing products, said it had net income of $15.2 million, or 74 cents a share, down from $99 million, or $4.89 a share, in the year-ago period. EnPro’s first-quarter [...]
EnPro Industries said it has completed the acquisition of the Mid Western companies, a privately held company that serves the oil and gas industry in western Canada. Terms of the deal were not disclosed. On Feb. 15, Charlotte-based EnPro announced the agreement to acquire the companies, which are composed of Mid Western Compressor Supplies and [...]
Charlotte-based EnPro Industries today said it had net income of $6.3 million, or 30 cents a share, for the fourth quarter of 2010, compared with a net loss of $38.6 million, or $1.93 a share, in the fourth quarter of 2009. The company also said it had net income of $155.4 million, or $7.51 a [...]
Charlotte-based EnPro Industries said it has reached an agreement to buy the Mid Western companies, a privately held company that serves the oil and gas industry in western Canada. The companies, composed of Mid Western Compressor Supplies and Mid Western Machine Works, service and repair oil and gas industry equipment and have about 110 employees. They [...]
Charlotte-based EnPro Industries said it has finalized the purchase of Houston-based Pipeline Seal and Insulator and its affiliates. Terms of the deal were not disclosed. EnPro had announced Jan. 31 that it was buying the company. PSI primarily serves the global oil and gas industry and water and wastewater infrastructure markets. It will be included in [...]
Charlotte-based EnPro Industries said it has acquired Rome, Ga.-based Rome Tool and Die, a supplier of steel brake shoes for heavy-duty trucks. The business will become part of the brake products group of Stemco, an EnPro company. Terms of the cash deal were not disclosed.
Charlotte-based EnPro Industries said William Dries, its senior vice president and chief financial officer, will retire Sept. 11 when he turns 60. Alexander Pease, a partner with McKinsey & Co., will replace Dries. Pease will join the company Feb. 28 as a senior vice president and take over CFO duties May 5.