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EnPro Industries declares exit of its brake products business

Jun. 25, 2020 11:24 AM ETEnpro Inc. (NPO) StockBy: SA News Team
  • EnPro Industries (NYSE:NPO -1.3%) announces the exit of its STEMCO brake products business in line with its strategy to focus on its core products.
  • The company expects to account ~$12M charges relating to the transaction in 2Q20. These charges, other than ~$4.8M, are non-cash.
  • In 2019, EnPro reported $16.3M loss on sale of part of its brake products business, which was included in its sealing product segment.

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