NPO - EnPro Has Continued To Pivot Toward Less Cyclical More Profitable Business
- EnPro has continued to shift its business mix more toward the semiconductor industry; an industry that offers attractive long-term volume growth in the mid-single-digits and good margins.
- The company's more cyclical businesses should perform well in 2022, with healthy ongoing demand in general industry and improving production rates in heavy trucks and autos.
- Mid-single-digit long-term revenue growth and improving margins can drive a double-digit move from here and this under-followed company has some attractive GARP attributes.
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EnPro Has Continued To Pivot Toward Less Cyclical, More Profitable Business