Date: 2013-08-01

EnPro Earnings Up for Quarter, Year

EnPro Industries Inc. reports increased net income for the fourth quarter and 2008.

The Charlotte-based company earned $6.1 million, or 30 cents per diluted share, up from $1.8 million, or 8 cents per diluted share, in the fourth quarter of 2007.

Revenue grew to $289.3 million from $275.6 million.

Excluding asbestos-related expenses and other items, fourth-quarter net income dropped to $16.3 million, or 80 cents per share, compared with $20.4 million, or 93 cents per share, a year ago.

For the year, EnPro earned $53.5 million, or $2.54 per diluted share, up from $40.2 million, or $1.80 per diluted share.

Sales rose to $1.17 billion from $1.03 billion.

Excluding asbestos-related expenses and other items, 2008 earnings rose to $90.3 million, or $4.29 per share, from $83.8 million, or $3.75 per share, in 2007.

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