Enpro Investor Presentation November 2023
Segment Information (2/2)
For the Quarters and Nine Months Ended September 30, 2023 and 2022
(In Millions)
Quarter Ended September 30, 2023
Advanced
Surface
Technologies
Restructuring and impairment expense
Depreciation and amortization expense
Non-controlling interest compensation allocation1
Restructuring and impairment expense
Depreciation and amortization expense
ENPRO
Sealing
Technologies
Total
Segments
Sealing
Technologies
Quarter Ended September 30, 2022
Advanced
Surface
Technologies
Total
Segments
Non-controlling interest compensation allocation1
$
$
(0.6) $
(0.6)
$
$
1.6 $
6.2 $
0.4 $
17.3 $
2.0
23.5
Amortization of the fair value adjustment to acquisition date inventory
Restructuring and impairment expense
$
-
$
1.0 $
1.0
$
0.1 $
$
0.1
Depreciation and amortization expense
$
6.3 $
19.4 $
25.7
Nine Months Ended September 30, 2023
Advanced
Sealing
Technologies
Surface
Technologies
Total
Segments
Sealing
Technologies
Nine Months Ended September 30, 2022
Advanced
Surface
Technologies
Total
Segments
$
$
$
$
1.7 $
18.9 $
(0.3) $
0.9 $
52.0 $
(0.3)
Acquisition and divestiture expenses
$
$
0.4 $
0.4
2.6
70.9
Non-controlling interest compensation allocation¹
$
$
(0.1) $
(0.1)
Amortization of the fair value adjustment to acquisition date inventory
Restructuring and impairment expense
$
$
12.3 $
12.3
$
0.6 $
0.6 $
1.2
Depreciation and amortization expense
$
19.9 $
57.8 $
77.7
INon-controlling interest compensation allocation represents compensation expense associated with a portion of the rollover equity from the acquisitions of LeanTeq and Alluxa that is subject to reduction for certain types of employment terminations of the
LeanTeq and Alluxa sellers and is directly related to the terms of the respective acquisitions. This expense will continue to be recognized as compensation expense over the term of the put and call options associated with the acquisitions unless certain
employment terminations have occurred. The LeanTeq non-controlling interests were acquired by Enpro in December 2022.
Enpro Investor Presentation November 2023
18
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