EnPro Industries, Inc.’s reported better-than-expected third-quarter earnings on Tuesday, even as the COVID-19 pandemic has weakened demand in the industrial manufacturing company’s markets.

For the third quarter, sales decreased 10.3 percent year-over-year to $268.3 million, down from $299 million in 2019. The company’s adjusted diluted earnings per share fell to 67 cents from 73 cents, an 8.2 percent decline. Analysts, on average, had forecast adjusted earnings per share of 31 cents on revenue of $214.6 million.

EnPro CEO Marvin Riley said in a statement that the pandemic impacted business by weakening demand across core markets. Riley said the company continues to “successfully manage” business amid the pandemic.

“This resilience reflects our diligent focus on cost management and the benefits of the portfolio reshaping actions completed over the last year,” Riley said.

Riley added that the EnPro balance sheet remains strong, giving the company flexibility “to take advantage of opportunities that arise as markets continue to stabilize.”

Diluted loss per share attributable to EnPro continuing operations grew year-over-year to $1.05 from 41 cents. Segment profit increased 3.9 percent year-over-year, with the company citing acquisitions and “strategic divestitures of underperforming businesses.”

This quarter saw multiple changes for EnPro, as the company sold the STEMCO Motor Wheel brake drum and Crewson brake adjuster brands after a second-quarter earnings loss. The company also expects the sale of STEMCO’s Air Springs manufacturing business to close by the end of the fourth quarter. EnPro previously said it would reshape its portfolio toward strong margins and cash flow returns.

In late October, EnPro acquired Alluxa, a manufacturer of optical filters and thin-film coatings.

Shares of EnPro stock were last trading up 3.31 percent, or $2.01, near $62.92.

62.92+2.01 (+3.31%)As of 11:00AM EST. Market open.