Enpro (NPO) Gabelli Funds 35th Annual Pump, Valve & Water Symposium summary

Upcoming conferences

• Specialty Chemicals Conference scheduled for March 20 at the Harvard Club.

• Waste Conference set for April 3, marking its 11th annual event.

• Media Conference, including a sports investing panel, planned for June 5.

Company overview and leadership

• Enpro operates in industrial technology, focusing on Sealing Technologies and Advanced Surface Technologies (AST).

• CFO Joe Bruderek joined in April, bringing extensive experience from GE and Momentive.

• Enpro has 21 million shares, $192/share, $4B market cap, $400M net debt, and $4.4B enterprise value.

Strategic transformation and portfolio evolution

• Resolved legacy asbestos liabilities in 2017, enabling a strategic shift.

• Divested $1B in non-core businesses and acquired assets to build AST, including LeanTeq, NxEdge, and Alluxa.

• Sealing Technologies portfolio optimized, focusing on Garlock, STEMCO, and Technetics.