How do you interpret power systems — restructuring and related cost incurred cost?

An increase indicates active efforts to reduce long-term costs or pivot the business model, while a decrease suggests the completion of restructuring phases.

How does power systems — restructuring and related cost incurred cost compare across companies?

Peers in industrial manufacturing often report these as 'special items' or 'restructuring charges' within segment-level operating expenses.

Enpro NPO Power Systems — Restructuring And Related Cost Incurred Cost

Discontinued — last reported Q4 '18

Similar metrics at other companies

HUBBPower — Restructuring And Related Cost Expected Cost1

$21M+256%

HUBBPower — Restructuring And Related Cost Incurred Cost

$7.5M+200%

HUBBPower — Restructuring Charges

$7.3M+170%

FORMSystems Segment — Restructuring Charges

$450K—

GEVPower — Restructuring and other charges

$14M+27.3%

PNROther — Restructuring and transformation costs

$16.8M+58.5%

Other financials

Income statement

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Revenue$303.0M+10.9%

Gross profit$130.0M+10.0%

Operating income$43.5M+4.1%

Net income$27.4M+11.8%

EPS (diluted)$1.29+12.2%

Balance sheet

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Cash & equivalents$79.2M-67.0%

Total debt$617.8M-4.5%

Total equity$1.6B+6.9%

Total assets$2.6B+5.1%

Cash flow

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Operating cash flow$39.6M+88.6%

CapEx$12.2M+52.5%

Free cash flow$27.4M+111%

Valuation

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Market cap$8.02B+55.5%

Enterprise value$8.56B+53.1%

P/E80.3×—

P/S6.8×+2.0×

Profitability

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Gross margin42.6%-0.4pp

Operating margin13.9%-0.7pp

Net margin7.8%—

FCF margin14.8%+0.8pp

Returns & leverage

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Return on equity5.8%—

Debt / equity0.4×0.0×

Current ratio2.2×-0.7×

Where this comes from

Reported directly by Enpro in its filing.

Tagged under the XBRL concept us-gaap:RestructuringAndRelatedCostIncurredCost.

The official record: Enpro’s 10-K/A, filed August 2, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does power systems — restructuring and related cost incurred cost mean?: The total one-time costs spent on reorganizing or downsizing the Power Systems business unit.
How do you interpret power systems — restructuring and related cost incurred cost?: An increase indicates active efforts to reduce long-term costs or pivot the business model, while a decrease suggests the completion of restructuring phases.
How does power systems — restructuring and related cost incurred cost compare across companies?: Peers in industrial manufacturing often report these as 'special items' or 'restructuring charges' within segment-level operating expenses.