EnPro sees FY18 adjusted EBITDA $216M-$222M
The company said "We are encouraged by the strong financial performance throughout the company in the Q4 of 2017. With the exception of the sluggish demand in the industrial gas turbine market, demand in the majority of the industries we serve continues to be strong in the early stages of 2018. On the whole, the macroeconomic drivers and key indicators we track that affect our businesses suggest modest demand growth over the course of 2018. As usual, our guidance excludes impacts from future acquisitions, restructuring costs, the impact of changes driven by foreign exchange and any litigation or environmental charges. Given current macroeconomic forecasts and continued strength in most of our end markets, we expect 2018 consolidated sales to be up between 3%-5% over our 2017 pro forma sales. We also expect adjusted EBITDA of between $216M-$222M for the year."