CHARLOTTE, N.C. (Nov. 13)—EnPro Industries Inc., the former Goodrich Corp. engineered products business, reported a net loss of $500,000 for the third quarter, but said the loss includes a charge of $6.7 million related to the decline in value of Goodrich stock. Sales grew 18 percent to $174.2 million, and operating earnings were off 6 percent to $12.3 million. Sales from the Sealing Products Segment—which includes Garlock Rubber Technologies—were unchanged at $78.1 million. Segment profits increased 7 percent to $11.1 million, in part due to substantial cost reductions at Garlock and improved operating performance benefited results. EnPro was spun off to Goodrich shareholders May 31.
EnPro posts net loss in third quarter
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