NP - NP STOCK NEWS

Mativ Holdings, Inc. (NYSE: MATV) will announce its fourth quarter 2022 results on February 22, 2023, after market closure. A conference call to discuss the results is scheduled for February 23, 2023, at 8:30 a.m. Eastern Time. Participants can access the earnings presentation and conference call via the company's website. Those unable to attend live can listen to a replay available shortly after the call, lasting until March 2, 2023. Dial-in details are provided for participants from Canada, the US, and other international locations, facilitating widespread engagement.

Schweitzer-Mauduit International, Inc. (SWM) and Neenah, Inc. (NP) are set to merge in an all-stock transaction, with shareholder votes scheduled for June 29, 2022, and expected closure around July 1, 2022. The newly formed company will be named Mativ, Inc. and trade under the ticker MATV. The merger aims to create over $65 million in synergies, enhancing growth prospects. Julie Schertell, Neenah's current CEO, will lead Mativ post-merger. Antitrust approvals and customary conditions are still pending.

Schweitzer-Mauduit International, Inc. (NYSE: SWM) and Neenah, Inc. (NYSE: NP) have announced their executive leadership structure following their upcoming merger. Julie Schertell will become CEO and join the Board, while Dr. Jeff Kramer will be a strategic advisor. The new company will operate through two segments: Advanced Technical Materials and Fiber-Based Solutions. The merger, valued at approximately $3 billion, is subject to shareholder approval and expected to finalize in H2 2022.

Neenah, Inc. reported record net sales of $284.8 million in Q1 2022, a 25% increase year-over-year, mainly due to strong pricing and volume in technical products. Adjusted EBITDA fell to $30.3 million, down from $35.7 million in Q1 2021, as operating income was impacted by rising input costs and a $2 million loss from a fire at a facility. The company remains optimistic, reaffirming full-year adjusted EBITDA guidance of $135-145 million and announcing a merger with SWM to enhance growth and create synergies.

Neenah, Inc. (NYSE:NP) has declared a quarterly cash dividend of $0.475 per share, to be paid on June 2, 2022, to shareholders of record by May 13, 2022. The company emphasizes returning cash to shareholders as a priority, maintaining consistent dividend payments since 2004, showcasing strong cash generation. Additionally, the 2022 Annual Meeting of Stockholders will take place virtually on May 19, 2022. Shareholders of record by March 25, 2022 can participate in the meeting, and a separate proxy statement will be issued for the planned merger with Schweitzer-Mauduit International, Inc.

Neenah, Inc. (NYSE: NP) has launched a new paper-based medical packaging that withstands radiation, autoclave, and ethylene oxide sterilization. This innovation provides a sustainable alternative to traditional polymer packaging, catering to the growing demand for single-use medical devices. The product, weighing 116 gsm, complements Neenah's existing offerings while meeting industry standards such as EN868 compliance. The company aims to enhance market efficiency and customer satisfaction with this versatile solution, which is already available for purchase.

Neenah, Inc. (NYSE: NP) will announce its first quarter financial results on May 4, 2022, after U.S. markets close. A conference call to review the results is scheduled for May 5, 2022, at 11:00 AM EDT. Interested participants can access the call via the company's website, and a toll-free dial-in number is provided. The call will also have a replay available until May 12, 2022. Neenah specializes in manufacturing specialty materials utilized globally across various industries, including filtration media and packaging.

Schweitzer-Mauduit International, Inc. (SWM) and Neenah, Inc. (NP) have announced a definitive agreement to merge in an all-stock transaction valued at approximately $3 billion. This merger aims to create a global leader in specialty materials, combining their complementary product portfolios and technologies. The deal is expected to yield at least $65 million in annual cost synergies within 24-36 months. Post-merger, SWM shareholders will own around 58% of the new entity, while Neenah shareholders will hold 42%. The merger is anticipated to close in the second half of 2022, pending shareholder and regulatory approvals.

Neenah, Inc. (NYSE: NP) has updated its 2021 Environmental, Social, and Governance (ESG) report, showcasing a 30% improvement in recordable safety incidents over the last year. Key highlights include long-term greenhouse gas reduction goals, the expansion of environmentally preferred products, and enhanced Board oversight of ESG issues. The company also engaged its workforce through a global employee survey. These updates align with Neenah's commitment to sustainable practices that support employee safety and community well-being.