and and Jerry, safe your for you Thank this us that remain you hope and Thanks, everyone. today. healthy time. good I during morning, families joining
significant today’s our management newest prior Jerry like welcome Johnson, from confident the I roles I has knowledge who team, experience and Investor private to banking, begin in merchant brings as Corporate and EnPro and to continue our tremendous contributor Vice as to we execute he and President a expertise success of consultant. equity recently member I’d call, our joined Relations. Before his I am Development, delighted Strategy, team his Jerry management of EnPro’s deep be am will priorities. joined strategic Senior
COVID-XX I enhanced the while for our challenge and to the excellence of and we ways protocols at delivering incorporating am excelling practicing products to organization and pandemic, to new keeping has forefront respect As safety, and customers. their continue of navigate of all our and team of values solutions quality actions and core people the extremely risen working our of throughout how the proud safety
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quarter than despite pandemic. challenges the created better report top to pleased am by and the performance I expected First, third bottom-line
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on we’ve higher growth with and in journey flow week resulting advantages. in businesses, Alluxa following untapped higher results high approximately another made portfolio margin, presence more progress in revolver, our we we last cash generation and acquisition cash third, evolution high balance and technology-based will positioned acquisition, The performing approach acquisition our profitable are focus a improved this a sheet million strong competitive arise. on balance bolt-on returns maintain strong to we significant stability consider towards material capital additional growth, Second, in generate $XXX science extending businesses Alluxa time. markets over businesses disciplined sheet relentless of opportunities on well the completed that And that shareholder allocation marks financial return with as the investment of long-term milestone largely drive may a cash of
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necessary work remotely, limits has generally densities all employee the of people tools Our the office risk which in one as our supports to IT facilities. team highest setting the of
way unique this provide the have opportunities collections, geographies, businesses across our talents many as including job We increased benefits use and seen well across as global a and our to to colleagues’ and productivity greater working organization. ability
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the driving and to greater operating on our system increasing cash Second, and EnPro leveraging aftermarket revenues third, investment. return and margins flow increase recurring exposure
capital As strategy, long-term committed enduring disciplined goal maximizing are with of we a returns. shareholder implement allocation, our to we
year main benefited how over reshape briefly me our and taken Let business. have have they overall the summarize our portfolio the we to last actions
First, Sealing XXXX, our to of After strategy we the Power described. exits we the segment, that a just which In sale product Fairbanks divestitures, and review, the constituted was $XXX aligned identify determined I’ll during half million long-term Fairbanks longer Morse given fit, our segment. conducted former with completed business are In Products segment. by businesses lines longer January, no cover Systems an I second and careful extensive of we the Morse review no strategy.
we result, have our several a exited divested As businesses heavy-duty in business. truck or
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our business and our sealing focused margin, be on suspension forward, high heavy-duty Going and STEMCO components. truck wheel systems will
actions, heavy-duty our $XXX sales the annual percentage our trucking anticipate range sales will mid-teens. mid to these from we of the in to XXs the reducing With business million from truck million $XXX
investment. margins technology a businesses adjusted resilient, as have flow leading predominant focus cyclicality, with segment aftermarket return significantly increased and Sealing a cash our and increased whole on science technology-oriented material to EBITDA exposure Now, reduced on to
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and Alluxa’s technical portfolio strengthens for a existing optics. addition and extends photonics more Alluxa week. is further I earlier of technology our strategy complementing acquisition and thin provides into compelling acquisition is now deposition to filters details Alluxa science am our proprietary knowhow, company criteria. announced property revenue with specifically, our excited growth. expertise specialty that and provides and growing which profile the a previously SIRRUS offers of The optical quarters technology its attractive capabilities. last and is So our intellectual Monday closed platform, film is financial specialty profile an share on entry enabled including consistent The I by unique platform compelling with to a advanced Alluxa communicated automated aligned and the including margin XX stated plasma material software. proposition and revenue customer consecutive technical value of M&A processes
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actions we our in are niche complementary manage semiconductor end-market. edge with We proactively leading advanced Alluxa, team will to of poised are and with working to customers we lead Collectively, the our taken exposure Mike acquire for Founder have resilient technology growth for forward to material thrilled increases to portfolio to as Scobey, and welcome more markets continue our largest together the create science-based who businesses to his highly our the that talented business and shareholders. value look
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this We M&A addition of have seasoned including a team Jerry. effort the overseeing
acquiring, optimize and over to to third value our to sourcing results. the Milt right on continue for place turn to discussion approach. integrate businesses quarter in through additional I’ll create acquired have and talent we the Beyond call our And expect now, and
