Compressed Air Best Practices-August 2008

| 08/08 Focus Industry COMPRESSED AIR AUDITS | WALL STREET WATCH “We are pleased by the results of the first quarter,” said Steve Macadam, president and chief executive officer. “They reflect the sound condition of most of our key markets and they underscore the effectiveness of our strategies and the strength of the performance culture at EnPro. It’s a privilege to join a company with such a strong record of sales and income growth and to have the opportunity to lead it to continued success in the future.” The 14% increase in the company’s sales over the first quarter of 2007 reflects the contributions of acquisitions and the strength of the company’s international markets, as well as continued organic growth. Acquisitions, combined with increased activity in certain areas of the company's markets, added about 9 percentage points of the increase in sales, while foreign exchange contributed about 5 percentage points. “The segment’s . operating profit increased by 16% to $21.8 million as all businesses in the segment reported improvements.” Segment profits grew by 11% as the Engine Products and Services segment reported a 75% increase and the Engineered Products segment reported a 16% increase. Profits in the Sealing Products segment were about the same as a year ago. Segment margins decreased to 16.5% from 17.1% as conditions softened in the heavy-duty truck market and other markets served by certain areas of the company’s higher margin businesses. Engineered Products Sales in the Engineered Products segment increased by 25%, to $133.1 million, also a record for the first quarter. Acquisitions contributed about 12 percentage points of the increase while favorable foreign exchange rates contributed about 7 points. At GGB Bearing Technology, increased demand from European industrial markets and favorable foreign exchange rates led to higher sales. Sales at Compressor Products International (CPI) doubled from a year ago, primarily as a result of acquisitions completed in the second half of 2007. Quincy Compressor’s sales were about the same as a year ago. ($ MILLIONS) Quarter Ended Sales Profit Margin 3/31/08 $133.1 $21.8 16.4 % 3/31/07 $106.3 $18.8 17.7 % 56 www.airbestpractices.com http://www.airbestpractices.com

Table of Contents Feed for the Digital Edition of Compressed Air Best Practices-August 2008

Compressed Air Best Practices- August 2008 Contents From the Editor Utility-Air News The August Audit of the Month: A Vacuum System Audit Energized for Savings at Seattle City Light and Tacoma Power Know Your System CASE: Compressed Air Supply Efficiency Ecos Air: Managing Incentive Programs Kaeser Compressors: Loyalty, Energy and Growth Building Relationships at Cummins-Wagner McIntire is Moving Forward The 2008 A.I.C.D. Conference & Exhibition Tuthill Vacuum and Blower Systems Resources for Energy Engineers: Training Calendar & Product Picks Wall Street Watch Advertiser Index Job Market

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