EnPro Industries Adjusts Fourth Quarter 2017 Income Tax Provision
Enpro Inc. (NPO)
Last enpro inc. earnings: 2/25 06:30 am
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US:NYSE Investor Relations:
enproindustries.com/investors
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Source: Business Wire
Fourth quarter income tax benefit and net income increase by $10.8 million CHARLOTTE, N.C.--(BUSINESS WIRE)-- EnPro Industries, Inc. (NYSE: NPO) announced calendar and fourth quarter 2017 financial results on February 13, 2018. In accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 118 “Income Tax Accounting Implications of the Tax Cuts and Jobs Act” (“SAB 118”), the 2017 income tax expense reflected in the February 13 announced results was provisional and subject to adjustment for, among other things, guidance that may be issued under the Tax Cuts and Jobs Act enacted in December 2017 (the “Tax Reform Act”). On February 13, 2018, the Internal Revenue Service (the “IRS”) issued guidance, Revenue Procedure 2018-17, under the Tax Reform Act that, due to the timing of the release of the guidance, was not reflected in EnPro’s financial results announced that same day. Thi
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