• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 11-K filed by Enpro Inc.

    6/27/25 10:43:04 AM ET
    $NPO
    Metal Fabrications
    Industrials
    Get the next $NPO alert in real time by email
    11-K 1 ef20050928_11k.htm 11-K

    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549



    Form 11-K



    FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
     
    ☒
    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
     
    For the fiscal year ended December 31, 2024
     
    ☐
    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
     
    For the transition period from ______ to ________.
     
    Commission file number: 001-31225

    EnPro Industries, Inc.
    Retirement Savings Plan
    5605 Carnegie Boulevard, Suite 500
    Charlotte, North Carolina  28209
    (Full title of the plan and the address of the plan)

    Enpro Inc.
    5605 Carnegie Boulevard, Suite 500
    Charlotte, North Carolina 28209
     (Name of issuer of the securities held pursuant to the plan and the address of its principal executive office)



    ENPRO INDUSTRIES, INC.
    RETIREMENT SAVINGS PLAN

    Financial Statements and Supplemental
    Schedules for the Years Ended
    December 31, 2024, 2023, 2022 and
    Report of Independent Registered Public Accounting Firm


    TABLE OF CONTENTS

     
    Pages
       
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    1 - 2
       
    FINANCIAL STATEMENTS:
     
    Statements of Net Assets Available for Benefits as of December 31, 2024 and 2023
    3
    Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 2024, 2023 and 2022
    4
    Notes to Financial Statements for the Years Ended December 31, 2024, 2023 and 2022
    5 – 10
       
    SUPPLEMENTAL SCHEDULE:
     
    Schedule H, line 4a – Schedule of Delinquent Participant Contributions for the Year Ended December 31, 2024
    11
    Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2024
    12


    Table of Contents
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

    To the Plan Participants and Benefits Committee of the
    EnPro Industries, Inc Retirement Savings Plan
    Charlotte, North Carolina:

    Opinion on the Financial Statements

    We have audited the accompanying statements of net assets available for benefits of the EnPro Industries, Inc. Retirement Savings Plan (the “Plan”) as of December 31, 2024 and 2023, the related statements of changes in net assets available for benefits for the years ended December 31, 2024, 2023, 2022 and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the years ended December 31, 2024, 2023 and 2022 in conformity with generally accepted accounting principles in the United States of America (“GAAP”).

    Basis for Opinion

    These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

    We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

    Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

    Supplemental Information

    The supplemental information in the accompanying schedules of delinquent participant contributions and assets (held at end of year) as of and for the year ended December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

    1

    Table of Contents
    We have served as the Plan’s auditor since 2006.

    /s/ GreerWalker LLP

    Certified Public Accountants
    June 26, 2025
    Greenville, SC

    2

    Table of Contents
    ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

    STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
    DECEMBER 31, 2024 AND 2023

       
    2024
       
    2023
     
    ASSETS:
               
    Investments, at fair value
     
    $
    366,736,110
       
    $
    338,664,810
     
    Receivables:
                   
    Notes receivable from participants
       
    6,120,948
         
    5,244,917
     
    Participant contributions
       
    −
         
    349,089
     
    Employer contributions
       
    292,431
         
    533,637
     
    Total receivables
       
    6,413,379
         
    6,127,643
     
    NET ASSETS AVAILABLE FOR BENEFITS
     
    $
    373,149,489
       
    $
    344,792,453
     

    See notes to financial statements.

    3

    Table of Contents
    ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

    STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
    FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

       
    2024
       
    2023
       
    2022
     
    ADDITIONS TO NET ASSETS ATTRIBUTED TO:
                     
    Investment income (loss):
                     
    Net appreciation (depreciation) of investments
     
    $
    36,820,543

     
    $
    48,184,514
       
    $
    (67,318,162
    )
    Interest and dividend income
       
    5,887,685
         
    3,126,509
         
    4,682,697
     
    Total investment income (loss)
       
    42,708,228
         
    51,311,023
         
    (62,635,465
    )
                             
    Interest income on notes receivable from participants
       
    413,515
         
    269,652
         
    241,784
     
                             
    Contributions:
                           
    Participants
       
    14,051,863
         
    13,365,234
         
    12,081,311
     
    Employer
       
    9,980,259
         
    9,646,500
         
    9,476,479
     
    Rollovers
       
    2,956,414
         
    1,393,001
         
    1,742,004
     
    Total contributions
       
    26,988,536
         
    24,404,735
         
    23,299,794
     
                             
    Total additions, net of investment income (loss)
       
    70,110,279
         
    75,985,410
         
    (39,093,887
    )
                             
    DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
                           
    Benefits paid to participants
       
    42,155,072
         
    42,277,210
         
    36,740,249
     
    Administrative expenses
       
    332,276
         
    284,037
         
    205,702
     
    Total deductions
       
    42,487,348
         
    42,561,247
         
    36,945,951
     
                             
    CHANGE IN NET ASSETS AVAILABLE FOR BENEFITS
       
    27,622,931
         
    33,424,163
         
    (76,039,838
    )
                             
    TRANSFER OF ASSETS, NET
       
    734,105
         
    25,869,982
         
    (23,352,548
    )
                             
    NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR
       
    344,792,453
         
    285,498,308
         
    384,890,694
     
                             
    NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR
     
    $
    373,149,489
       
    $
    344,792,453
       
    $
    285,498,308
     

    See notes to financial statements.

    4

    Table of Contents
    ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

    NOTES TO FINANCIAL STATEMENTS
    FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

    1.
    DESCRIPTION OF PLAN

    The following description of the EnPro Industries, Inc. Retirement Savings Plan (the “Plan”) provides only general information. Participants should refer to the plan document for a more complete description of the Plan’s provisions.

    General - The Plan is a defined contribution plan covering substantially all full-time employees of Enpro Inc., formerly named EnPro Industries, Inc. (the “Employer”), as well as temporary or part-time employees who have completed 1,000 service hours in the designated measuring period as defined in the plan document. Ineligible employee groups include non-resident alien employees, leased employees, supplemental contract workers, employees of an affiliated employer that does not adopt this Plan and employees covered by a collective bargaining agreement unless such agreement provides for plan participation. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). The Benefits Committee is responsible for oversight of the Plan, determines the appropriateness of the Plan’s investment offerings and monitors investment performance.

    In September 2019, the Employer acquired LeanTeq LLC ("LeanTeq"). In connection with the acquisition, the Plan was amended to merge the LeanTeq LLC 401(k) Plan ("LeanTeq Plan") into the Plan and allow employees of LeanTeq to participate in the Plan effective January 1, 2024. On January 19, 2024, the assets of the LeanTeq Plan were transferred into the Plan.

    On December 17, 2021, the Employer acquired TCFII NxEdge LLC (“NxEdge”). In connection with the acquisition, the Plan was amended to merge the Ace Company, Inc. 401(k) Plan (“Ace Plan”) and NxEdge 401(k) Plan (“NxEdge Plan”) into the Plan effective May 1, 2023 and June 1, 2023, respectively, and allow employees of NxEdge to participate in the Plan effective January 1, 2023. On May 1, 2023, the assets of the Ace Plan were transferred into the Plan. On June 1, 2023, the assets of the NxEdge Plan were transferred into the Plan.

    On October 26, 2020, the Employer acquired Alluxa, Inc. (“Alluxa”). In connection with the acquisition, the Plan was amended to merge the Alluxa, Inc. 401(k) Plan (“Alluxa Plan”) into the Plan effective May 1, 2023, and allow employees of Alluxa to participate in the Plan effective January 1, 2023. On May 1, 2023, the assets of the Alluxa Plan were transferred into the Plan.

    In September 2021, the Employer sold its polymer components business unit. As a result of its sale, on January 3, 2022, the accounts of all polymer components business unit employees were transferred out of the Plan to the Altamira Material Solutions, LP Retirement Savings Plan (a new plan set up and controlled by the acquiring company). In December 2021, the Employer sold its Compressor Products International (“CPI”) business unit. As a result of its sale, on May 16, 2022, the accounts of all CPI business unit employees were transferred out of the Plan to the Howden USA 401(k) Savings Plus Plan (an existing plan controlled by the acquiring company).

    Contributions - Each year, participants may contribute from 1% up to 75% of their annual eligible compensation, as defined in the plan document, as pre-tax or Roth contributions. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (rollover). Participants direct the investment of their contributions into various investment options offered by the Plan. The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. The Employer matches 100% of employee contributions up to 6% of the participant’s eligible compensation. The Employer also contributes an additional 2% to certain eligible employees as defined in the plan document. Contributions are subject to certain Internal Revenue Service (“IRS”) limitations.

    5

    Table of Contents
    Participant Accounts - Each participant’s account is credited with the participant’s contributions and the Employer’s contributions, as well as allocations of the Plan’s earnings. Participant accounts are charged with an allocation of administrative expenses that are paid by the Plan. Allocations are based on participant earnings, account balances, or specific participant transactions, as defined by the plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

    Vesting - Participants are immediately vested in their elective contributions and the Employer’s matching contributions plus actual earnings thereon. Vesting in the Employer’s additional 2% contributions is based on years of service. A participant is fully vested when they attain normal retirement age. Prior to normal retirement age, a participant becomes 100% vested in the Employer’s additional 2% contributions, plus actual earnings thereon, after three years of service.

    Notes Receivable from Participants - Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested balance. The loans are secured by the balance in the participant’s account. The loan interest rate is set at 1% above the prime rate, as defined in the plan document. Principal and interest are paid ratably through payroll deductions.

    Payment of Benefits - On termination of services due to death, disability, or retirement, a participant may elect to receive either a lump sum amount equal to the value of the participant’s vested interest in his or her account, or annual installments over an elected period of time. Distributions of the Employer’s securities are made, at the option of the participant, in either cash or shares. For termination of service for some other reason, a participant may receive the value of the vested interest in his or her account as a lump sum distribution. Benefits from the Plan may also be made upon proper application by a participant for a proven financial hardship.

    Forfeited Accounts - Benefit payments to terminated participants partially vested in the Plan include their vested portion of the Employer’s contributions. The non-vested portion of terminated participants’ account balances is used to reduce the Employer’s future contributions or to pay the Plan’s administrative expenses, as determined by the Benefits Committee at its sole discretion. As of December 31, 2024 and 2023, forfeited non-vested accounts in the Plan total approximately $40,000 and $198,000, respectively. During the years ended December 31, 2024, 2023 and 2022, the Employer’s contributions were reduced by approximately $255,000, $80,000 and $106,000, respectively, from forfeited non-vested accounts.

    2.
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    Basis of Accounting - The financial statements have been prepared on the accrual basis of accounting.

    Use of Accounting Estimates - The preparation of financial statements in accordance with generally accepted accounting principles in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates. Any adjustments applied to estimated amounts are recognized in the year in which such adjustments are determined.

    Investment Valuation and Income Recognition – Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The Benefits Committee determines the Plan’s valuation policies utilizing information provided by the investment advisors and Charles Schwab Trust Company, the Trustee of the Plan. See Note 3 for a disclosure of fair value measurements.

    Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) in fair value of investments includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

    Contributions - Contributions from participants are recorded as they are withheld from the participants’ wages. Contributions from the Employer are recorded in the period in which the related participant contributions are due.

    6

    Table of Contents
    Notes Receivable from Participants - Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2024 and 2023. If a participant ceases to make loan repayments and management deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.

    Payment of Benefits - Benefits are recorded when paid.

    Administrative Expenses - Certain expenses of maintaining the Plan are paid by the Plan, unless otherwise paid by the Employer. Expenses that are paid by the Employer are excluded from these financial statements. Fees related to the administration of notes receivable from participants are charged directly to the participant’s account and are included in administrative expenses. Investment related expenses are included in net appreciation (depreciation) in fair value of investments.

    Subsequent Events - Management has evaluated subsequent events through June 26, 2025, the date the financial statements were available to be issued.

    3.
    FAIR VALUE MEASUREMENTS

    GAAP provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under GAAP are described as follows:

     
    Level 1
    Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
         
     
    Level 2
    Inputs to the valuation methodology include:
       
    Quoted prices for similar assets or liabilities in active markets;
       
    Quoted prices for identical or similar assets or liabilities in inactive markets;
       
    Inputs other than quoted prices that are observable for the asset or liability;
       
    Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
         
     
    Level 3
    Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

    7

    Table of Contents
    The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

    The following is a description of the valuation methodologies used for investments measured at fair value. There have been no changes in the methodology used as of December 31, 2024 or 2023:

    Mutual funds: Valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

    Collective trust funds: Valued at the NAV of units of a bank collective trust. The NAV, as provided by the Trustee, is used as a practical expedient to estimate fair value. This practical expedient is not used when it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV.

    Employer securities: Valued at the closing price reported on the active market (NYSE ticker: NPO) in which the securities are actively traded.

    Interest-bearing cash: Valued as of the ending cash balance plus any accrued interest held by the Plan as of year-end.

    Self-directed accounts: Valued at the closing price reported on the active markets on which the individually owned securities are traded. The self-directed accounts consist primarily of common stocks and mutual funds actively traded in public markets and interest-bearing cash balances.

    The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although management believes the Plan’s valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine fair value of certain financial instruments could result in a different fair value measurement as of the reporting date.

    The following table sets forth by level, within the fair value hierarchy, the Plan’s investments at fair value as of December 31, 2024:

       
    Level 1
       
    Level 2
       
    Level 3
       
    Total
     
    Mutual funds
     
    $
    144,336,182
       
    $
    —
       
    $
    —
       
    $
    144,336,182
     
    Employer securities
       
    7,965,580
         
    —
         
    —
         
    7,965,580
     
    Interest-bearing cash
       
    555
         
    —
         
    —
         
    555
     
    Self-directed investments
       
    14,930,354
         
    —
         
    —
         
    14,930,354
     
    Total investments in the fair value hierarchy
     
    $
    167,232,671
       
    $
    —
       
    $
    —
       
    $
    167,232,671
     
    Investments measured at NAV, as a practical expedient
                               
    199,503,439
     
    Investments, at fair value
                             
    $
    366,736,110
     

    8

    Table of Contents
    The following table sets forth by level, within the fair value hierarchy, the Plan's investments at fair value as of December 31, 2023:
     
       
    Level 1
       
    Level 2
       
    Level 3
       
    Total
     
    Mutual funds
     
    $
    139,110,638
       
    $
    —
       
    $
    —
       
    $
    139,110,638
     
    Employer securities
       
    7,672,110
         
    —
         
    —
         
    7,672,110
     
    Interest-bearing cash
       
    1,161
         
    —
         
    —
         
    1,161
     
    Self-directed investments
       
    12,632,740
         
    —
         
    —
         
    12,632,740
     
    Total investments in the fair value hierarchy
     
    $
    159,416,649
       
    $
    —
       
    $
    —
       
    $
    159,416,649
     
    Investments measured at NAV, as a practical expedient
                               
    179,248,161
     
    Investments, at fair value
                             
    $
    338,664,810
     

    The following table summarizes investments measured at fair value based on NAV per share, as a practical expedient, as of December 31, 2024 and 2023, respectively.

    December 31, 2024
     
    Fair Value
     
    Unfunded
    Commitments
     
    Redemption
    Frequency (if
    currently eligible)
     
    Redemption
    Notice Period
    Collective Trust Funds - Target Date
     
    $
    153,849,810
     
    None
     
    Daily
     
    1 to 5 days
    Collective Trust Funds - Income
     
    $
    12,805,582
     
    None
     
    Daily
     
    1 to 5 days
    Collective Trust Funds – Stable Value
     
    $
    17,635,578
     
    None
     
    Daily
     
    0 to 10 days
    Collective Trust Funds – Small-Mid Cap
     
    $
    15,212,469
     
    None
     
    Daily
     
    0 to 10 days

    December 31, 2023
     
    Fair Value
     
    Unfunded
    Commitments
     
    Redemption
    Frequency (if
    currently eligible)
     
    Redemption
    Notice Period
    Collective Trust Funds – Target Date
     
    $
    141,025,191
     
    None
     
    Daily
     
    1 to 5 days
    Collective Trust Funds – Income
     
    $
    2,138,089
     
    None
     
    Daily
     
    1 to 5 days
    Collective Trust Funds – Stable Value
     
    $
    20,016,820
     
    None
     
    Daily
     
    0 to 10 days
    Collective Trust Funds – Small-MidCap
     
    $
    16,068,061
     
    None
     
    Daily
     
    0 to 10 days

    4.
    RELATED-PARTY TRANSACTIONS AND PARTY IN INTEREST TRANSACTIONS

    The Plan invests in shares of the Employer’s common stock and therefore, transactions associated with the Employer’s common stock qualify as exempt party in interest transactions.

    Certain plan investments are managed by Charles Schwab Bank, an affiliate of the Trustee, and therefore, these transactions qualify as exempt party in interest transactions, which are allowable under ERISA.

    As described in Note 1, the Plan permits participants to borrow from their account balances. These transactions qualify as exempt party in interest transactions.

    9

    Table of Contents
    5.
    PLAN TERMINATION

    Although it has not expressed any intent to do so, the Employer has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants would become 100% vested in their employer contributions.

    6.
    TAX STATUS

    On June 30, 2020, the IRS stated that the prototype plan adopted by the Plan, as then designed, qualifies under Internal Revenue Code (“IRC”) 401(a). The Plan has not received a determination letter specific to the Plan itself; however, the Plan’s management and tax counsel believe that the Plan was designed and was being operated in compliance with the applicable requirements of the IRC and, therefore, that the Plan is qualified and the related trust is tax exempt.

    GAAP requires management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the taxing authorities. Management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits of any tax periods in progress.

    7.
    RISKS AND UNCERTAINTIES

    The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

    8.
    PROHIBITED TRANSACTIONS

    During the year ended December 31, 2023, the Employer made remittances of participant contributions and loan repayments totaling $333,487 that were in excess of the time period prescribed by the Department of Labor’s Rules and Regulations. The delay in remitting the contributions was due to an administrative error. Management is in the process of correcting the delinquent contributions.

    10

    Table of Contents
    ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

    SCHEDULE H, LINE 4a – SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
    FOR THE YEAR ENDED DECEMBER 31, 2024

    EIN:  01-0573945 – PLAN NUMBER: 004

       
    Participant
    Contributions
    Transferred Late to
    Plan
       
    Total that Constitutes Nonexempt Prohibited Transactions
           
       
    Check Here If Late
    Participant Loan
    Payments are
    Included X
       
    Contributions Not
    Corrected
       
    Contributions
    Corrected
    Outside VFCP
       
    Contributions
    Pending Correction
    in VFCP
       
    Total Fully Corrected
    Under VFCP and
    PTE 2002-51
     
                                   
    2023
     
    $
    333,487
       
    $
    –
       
    $
    –
       
    $
    333,487
       
    $
    –
     

    See report of independent registered public accounting firm.

    11

    Table of Contents
    ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

    SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
    AS OF DECEMBER 31, 2024

    EIN:  01-0573945 – PLAN NUMBER: 004
     
    (a)
     
    (b)
     
    (c)
     
    (e)
     
    Party-in-
     
    Identity of issuer, borrower,
     
    Description of investment including maturity date,
     
    Current
     
    Interest
     
    lessor or similar party
     
    rate of interest, collateral, par or maturity value
     
    Value
     
                   
       
    Vanguard Total Stock Market Index Fund Institutional Shares
     
    Mutual fund
     
    $
    63,888,022
     
       
    State Street Target Retirement 2030 Class VI
     
    Collective trust fund
       
    29,413,738
     
       
    State Street Target Retirement 2035 Class VI
     
    Collective trust fund
       
    23,734,463
     
       
    Nuveen Winslow Large-Cap Growth ESG Fund Class I
     
    Mutual fund
       
    21,172,295
     
       
    State Street Target Retirement 2025 Class VI
     
    Collective trust fund
       
    20,925,931
     
       
    State Street Target Retirement 2040 Class VI
     
    Collective trust fund
       
    19,735,612
     
       
    Invesco Stable Value Class B1
     
    Collective trust fund
       
    17,635,578
     
       
    State Street Target Retirement 2050 Class VI
     
    Collective trust fund
       
    16,305,332
     
       
    Dodge & Cox Stock Fund Class X
     
    Mutual fund
       
    15,542,618
     
       
    William Blair Small-Mid Cap Growth CIT Class IV
     
    Collective trust fund
       
    15,212,469
     
       
    State Street Target Retirement 2045 Class VI
     
    Collective trust fund
       
    14,944,896
     
       
    Personal Choice Retirement Account
     
    Self-directed investments
       
    14,930,354
     
       
    Vanguard Total Bond Market Index Fund Institutional Shares
     
    Mutual fund
       
    13,705,730
     
       
    State Street Target Retirement 2055 Class VI
     
    Collective trust fund
       
    12,745,661
     
       
    DFA U.S. Targeted Value Class I
     
    Mutual fund
       
    12,688,713
     
       
    Loomis Sayles Core Plus Fixed Income Class F
     
    Collective trust fund
       
    10,087,220
     
       
    American Funds EuroPacific Growth Fund Class R-6
     
    Mutual fund
       
    9,524,460
     
     
    *
     
    Enpro Inc. Common Stock
     
    Employer Securities
       
    7,965,580
     
         
    State Street Target Retirement 2020 Class VI
     
    Collective trust fund
       
    7,868,633
     
         
    Vanguard Total International Stock Index Fund Institutional Shares
     
    Mutual fund
       
    7,814,286
     
         
    State Street Target Retirement 2060 Class VI
     
    Collective trust fund
       
    6,110,239
     
         
    State Street Target Retirement Income Securities Lending Series Fund Class VI
     
    Collective trust fund
       
    2,718,362
     
         
    State Street Target Retirement 2065 Class VI
     
    Collective trust fund
       
    2,065,305
     
     
    *
     
    Schwab US Treasury Money Fund
     
    Interest-bearing cash
       
    555
     
         
    PIMCO Total Return Fund Institutional Class
     
    Mutual fund
       
    58
     
     
    *
     
    Participant loans
     
    Interest rates ranging from 3.25% to 9.50%
       
    6,120,948
     
                   
    $
    372,857,058
     

    *          Party-in-interest transaction.

    See report of independent registered public accounting firm.

    12

    Table of Contents
    EXHIBIT INDEX

    Exhibit No.
    Document
       
    23.1
    Consent of GreerWalker LLP


    Table of Contents
    SIGNATURES

    The Plan.  Pursuant to the requirements of the Securities Exchange Act of 1934, EnPro Industries, Inc., as Plan Administrator, has duly caused this annual report to be signed on behalf of the Plan by the undersigned hereunto duly authorized.


    ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN




    By: ENPRO INC., Plan Administrator



     
    By:
    /s/ Robert S. McLean
       
    Robert S. McLean
       
    Executive Vice President and General Counsel

    Date: June 27, 2025



    Get the next $NPO alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $NPO

    DatePrice TargetRatingAnalyst
    11/8/2021$115.00 → $132.00Overweight
    Keybanc
    More analyst ratings

    $NPO
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Enpro Inc. Completes Offering of $450 Million 6.125% Senior Notes Due 2033

      Enpro Inc. (NYSE:NPO) ("Enpro") today announced that it has completed the previously announced offering of $450 million 6.125% Senior Notes due 2033 (the "Senior Notes"). The offer was made in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act. A portion of the net proceeds of the offering of the Senior Notes have been deposited with the trustee for Enpro's outstanding 5.75% Senior Notes due 2026 (the "5.75% Notes") to fully fund the redemption of all of the outsta

      5/29/25 4:15:00 PM ET
      $NPO
      Metal Fabrications
      Industrials
    • Enpro Inc. Prices Offering of $450 Million 6.125% Senior Notes Due 2033

      Enpro Inc. (NYSE:NPO) today announced the pricing of its previously announced offering of senior notes due 2033 (the "Senior Notes"). The face value of the Senior Notes is $450 million with an annual interest rate of 6.125%. The Senior Notes were priced at 100.0% of the face value. The offer was made in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in reliance on Regulation S under the Securities Act. The Senior Notes offering is expected to close on May 29, 2025. Enpro intends to use the net proceeds from the offering to fund the redemp

      5/14/25 4:15:00 PM ET
      $NPO
      Metal Fabrications
      Industrials
    • Enpro Inc. Announces Conditional Redemption of All of Its 5.75% Senior Notes Due 2026

      Enpro Inc. (NYSE:NPO) announced that it is today providing notice conditionally calling for redemption all of the outstanding $350 million aggregate principal amount of its 5.75% Senior Notes due 2026 (the "Outstanding Notes") in accordance with the indenture governing the Outstanding Notes. The redemption of the Outstanding Notes is conditioned upon the completion of Enpro's offering, and its sale, of $450 million in aggregate principal amount of its senior notes due 2033 (the "New Notes") being separately announced today. The redemption price of the Outstanding Notes is 100.0% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date. If the con

      5/13/25 9:11:00 AM ET
      $NPO
      Metal Fabrications
      Industrials

    $NPO
    SEC Filings

    See more
    • SEC Form 11-K filed by Enpro Inc.

      11-K - Enpro Inc. (0001164863) (Filer)

      6/27/25 10:43:04 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • Enpro Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

      8-K - Enpro Inc. (0001164863) (Filer)

      5/29/25 4:20:52 PM ET
      $NPO
      Metal Fabrications
      Industrials
    • SEC Form SD filed by Enpro Inc.

      SD - Enpro Inc. (0001164863) (Filer)

      5/27/25 2:53:35 PM ET
      $NPO
      Metal Fabrications
      Industrials

    $NPO
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Keybanc reiterated coverage on EnPro Industries with a new price target

      Keybanc reiterated coverage of EnPro Industries with a rating of Overweight and set a new price target of $132.00 from $115.00 previously

      11/8/21 3:30:53 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • Keybanc reiterated coverage on EnPro Industries with a new price target

      Keybanc reiterated coverage of EnPro Industries with a rating of Overweight and set a new price target of $115.00 from $108.00 previously

      6/8/21 8:17:08 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • Oppenheimer reiterated coverage on EnPro Industries with a new price target

      Oppenheimer reiterated coverage of EnPro Industries with a rating of Outperform and set a new price target of $110.00 from $100.00 previously

      6/2/21 6:49:26 AM ET
      $NPO
      Metal Fabrications
      Industrials

    $NPO
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Reinsdorf Judith A

      4 - Enpro Inc. (0001164863) (Issuer)

      7/1/25 2:12:20 PM ET
      $NPO
      Metal Fabrications
      Industrials
    • SEC Form 4 filed by Director Keating Ronald C

      4 - Enpro Inc. (0001164863) (Issuer)

      7/1/25 2:12:18 PM ET
      $NPO
      Metal Fabrications
      Industrials
    • SEC Form 4 filed by Director Gulfo Adele M.

      4 - Enpro Inc. (0001164863) (Issuer)

      7/1/25 2:12:15 PM ET
      $NPO
      Metal Fabrications
      Industrials

    $NPO
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Enpro Inc.

      SC 13G/A - Enpro Inc. (0001164863) (Subject)

      11/13/24 10:22:19 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • SEC Form SC 13G filed by Enpro Inc.

      SC 13G - Enpro Inc. (0001164863) (Subject)

      11/12/24 9:55:15 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • SEC Form SC 13G/A filed by EnPro Industries Inc (Amendment)

      SC 13G/A - Enpro Inc. (0001164863) (Subject)

      2/13/24 5:04:31 PM ET
      $NPO
      Metal Fabrications
      Industrials

    $NPO
    Leadership Updates

    Live Leadership Updates

    See more
    • Enpro Appoints Allison Aden to Board of Directors

      Enpro Inc. (NYSE:NPO), a leading industrial technology company, appointed Allison K. Aden to its Board of Directors effective today. Aden is a 30-year finance veteran with deep expertise in accounting, financial reporting, corporate strategy, mergers and acquisitions, IT and cybersecurity, and experience across various sectors including manufacturing, information technology, financial services and commercial real estate development. She currently serves as the Executive Vice President and Chief Financial Officer of Cavco Industries, Inc. (NASDAQ:CVCO), a leading producer of factory-built housing. At Cavco, she leads its M&A efforts, and is responsible for Cavco's financial reporting, accou

      11/5/24 6:30:00 AM ET
      $CVCO
      $NPO
      Homebuilding
      Consumer Discretionary
      Metal Fabrications
      Industrials
    • Enpro Inc. to Appoint Joseph F. Bruderek Jr. as Chief Financial Officer

      Enpro Inc. (NYSE:NPO), an industrial technology company, today announced that Joe Bruderek has joined the company as Executive Vice President, Finance, and Enpro's board has appointed Mr. Bruderek as Chief Financial Officer effective April 1, 2024. His appointment follows the previously announced retirement of J. Milton "Milt" Childress II from Enpro following 19 years with the Company. Mr. Childress will continue as Enpro's Chief Financial Officer until April 1, 2024, and will remain with the Company until May 31, 2024, to ensure a smooth transition. "Joe is an accomplished executive with considerable financial and operational expertise, and we are excited to welcome him as Enpro's next

      1/8/24 6:30:00 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • Sleep Number Appoints Two New Independent Directors, Stephen Macadam and Hilary Schneider

      Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai

      11/7/23 4:01:00 PM ET
      $ATMU
      $BXC
      $DOCN
      $GETY
      Auto Parts:O.E.M.
      Consumer Discretionary
      Wholesale Distributors
      Computer Software: Programming Data Processing

    $NPO
    Financials

    Live finance-specific insights

    See more
    • Enpro Reports Strong First Quarter 2025 Results

      First Quarter 2025 Highlights (All results reflect comparisons to prior-year period, unless otherwise noted) (*Non-GAAP measure. See the attached schedules for adjustments and reconciliations of historical measures to GAAP measures) Sales of $273.2 million up 6.1%; organic sales up 6.0% GAAP net income of $24.5 million versus $12.5 million Operating income up 49%; operating margin expanded 440 basis points to 15.3% Adjusted EBITDA* up 16.1% to $67.8 million; adjusted EBITDA margin* up 210 bps to 24.8% AST sales up more than 9%; Sealing Technologies continued momentum with nearly 5% sales growth GAAP diluted earnings per share of $1.15, versus $0.59 Adjusted diluted earnings pe

      5/6/25 6:30:00 AM ET
      $NPO
      Metal Fabrications
      Industrials
    • Enpro Declares Regular Quarterly Dividend

      Enpro Inc. (NYSE:NPO) today declared a quarterly dividend of $0.31 per share. The dividend is payable on June 18, 2025, to shareholders of record as of the close of business on June 4, 2025. About Enpro Enpro is a leading industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics and life sciences. Headquartered in Charlotte, North Carolina, Enpro is listed on the New York Stock Exchange under the symbol "NPO". For more information about Enpro, visit the company's website at http://www.enpro.com. View source version on businesswi

      4/30/25 4:30:00 PM ET
      $NPO
      Metal Fabrications
      Industrials
    • Enpro Announces Date for First Quarter 2025 Earnings Release and Conference Call

        Enpro Inc. (NYSE:NPO) will release financial results for the first quarter of 2025 on Tuesday, May 6, at 6:30 a.m. Eastern Time. Eric Vaillancourt, President and Chief Executive Officer, and Joe Bruderek, Executive Vice President and Chief Financial Officer, will host a conference call to review the company's performance at 8:30 a.m. Eastern Time. The conference call will be webcast live at http://www.enpro.com, and by telephone at 1-877-407-0832, using the access code 13740582, approximately 10 minutes before the call. First quarter 2025 financial results and an accompanying slide presentation will be available on the company's website. About Enpro Enpro is a leading industrial techn

      4/22/25 10:00:00 AM ET
      $NPO
      Metal Fabrications
      Industrials