EnPro Industries Inc. said its fourth quarter financial results would increase due to the changes in the country’s tax laws, according to a Securities and Exchange Commission filing.

As a result of further refinement of the impact of the Tax Reform Act, the income tax benefit and net income for the fourth quarter of 2017 increased by $10.8 million.

Net income for the fourth quarter therefore increased from $23.4 million to $32.2 million.

Diluted earnings per share increased from $1.07 to $1.57 .

The company said that due to the timing of the release of IRS guidance, the tax impact was not reflected in Enpro’s financial results that were announced Feb 13.

Enpro Industries is a diversified manufacturer of proprietary engineered products used in critical applications.

The company is a leader in selling technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the need of industries worldwide.

Enpro operates manufacturing facilities in North America and South America, Europe and Asia.

The company employs more than 5,000 people worldwide and their products are sold to more than 50,000 customers in over 100 countries.