EnPro Industries, Inc. Buyback
OLI recorded this information on 4/22/2015
EnPro Industries, Inc.
EnPro Industries, Inc. (NYSE:NPO) announced today that it recently completed its $80 million share repurchase program. The company bought back approximately 1.2 million of its common shares in open market transactions at an average cost of $66.76 per share. The repurchase program was announced by the company on February 19, 2015, and it was completed on April 16, 2015. "This repurchase illustrates our confidence in EnPro's long-term cash flow and our commitment to increasing shareholder value," said Steve Macadam, president and chief executive officer of EnPro Industries.
EnPro Industries is engaged in the design, development, manufacture and marketing of proprietary engineered industrial products. Co. manages its business as three segments: Sealing Technologies segment, which designs, manufactures and sells sealing products; Advanced Surface Technologies segment, which includes cleaning, coating, testing, refurbishment and verification services for components and assemblies used in node semiconductor manufacturing equipment; and Engineered Materials segment, which includes operations that design, manufacture and sell self-lubricating, non-rolling metal-polymer, engineered plastics, and fiber reinforced composite bearing products.
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Strong Buy (4.00 out of 4)