Date: 2013-08-01

EnPro Industries Reports Results for the First Quarter of 2012

*Sales of $311.5 million increased 16% over the first quarter of 2011, reflecting both contributions from acquisitions and organic growth
*GAAP EPS of $0.64 compares to $0.71 in the first quarter of 2011
*Before selected items, EPS was $0.91 compared to $0.92 in the first quarter of 2011
*Deconsolidated operations of GST reported third party sales of $57.6 million and adjusted net income of $7.3 million compared to $52.4 million and $6.9 million in the first quarter of 2011

EnPro Industries (NYSE: NPO) yesterday reported consolidated net income of $13.8 million, or $0.64 a share, for the first quarter of 2012. These results compare to consolidated net income of $15.2 million or $0.71 a share, in the first quarter of 2011.

Before selected items, including interest due to Garlock Sealing Technologies LLC (GST), a deconsolidated subsidiary, and restructuring costs associated with the integration of acquisitions, income in the first quarter of 2012 was $19.5 million, or $0.91 a share. In the first quarter of 2011, income before selected items was $19.7 million or $0.92 a share. The results of GST and its subsidiaries were deconsolidated effective June 5, 2010, when GST entered a process to reach a permanent resolution of all current and future asbestos claims. A table on page 10 of this press release shows the effect of selected items, including interest due to GST and restructuring costs, in the first quarters of 2012 and 2011.

All per share amounts are stated on a diluted basis.

Sales in the first quarter of 2012 were $311.5 million, a 16% increase over the first quarter of 2011, when sales were $269.6 million. Acquisitions completed in 2011 contributed about 12 points, or $31.5 million, of the increase over the first quarter of 2011, while the effectiveness of the company's operating strategies and continued improvements in its markets, especially in the Sealing Products segment, contributed about 5 points of the increase. Foreign exchange was slightly unfavorable in the quarter.

Consolidated earnings before interest, income taxes, depreciation and amortization and other selected items (EBITDA) were $46.5 million in the first quarter of 2012, a 9% improvement over the first quarter of 2011, when EBITDA was $42.6 million.

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