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Neenah, Inc. (NYSE:NP) updated investors on its recent business developments, including the early restart of its Brownville facility post-fire and limited exposure to the Russia-Ukraine conflict. The company forecasts 2022 Adjusted EBITDA of $135-145 million, a 15-25% increase from the previous year. Key contributors to this growth include strong demand, pricing strategies, and improved supply chain conditions. Despite anticipating challenges in Q1, Neenah remains confident in its operational performance amid fluctuating energy prices.
Neenah, Inc. (NYSE: NP) has announced the retirement of Larry Brownlee, Senior VP, Controller, and CAO, effective August 12. Brownlee has been with the company since its public debut in 2004, contributing significantly to its financial strategy. Kim DeBrock has been promoted to replace him, having served in various roles at Neenah since 2012, including Assistant Controller. This transition aims to maintain strong financial oversight as the company continues to focus on growth in specialty materials across various sectors.
Neenah, Inc. (NYSE: NP) announced a €25 million investment to enhance its filtration capabilities in Germany. This new meltblown technology aims to improve filtration efficacy while reducing energy use, addressing the growing demand in life science and industrial markets. The new production line is set to begin operations in mid-2024, supporting existing customers and reflecting the company's commitment to cleaner air and water solutions. Neenah is positioned as a leader in specialty materials, with manufacturing facilities across North America and Europe.
Neenah, Inc. (NYSE:NP) reported strong demand and record revenues in Q4 2021, achieving net sales of $264.3 million, a 28% increase year-over-year. The full-year sales reached $1,028.5 million, up 30%. However, the company faced challenges with a net loss of $24.9 million and adjusted earnings per share of $2.53. Key factors included increased input costs and supply chain disruptions. The acquisition of Itasa contributed $106.9 million in sales. Despite this, the overall operation incurred a loss due to high raw material costs and manufacturing inefficiencies.
Neenah, Inc. (NYSE:NP) has declared a quarterly cash dividend of $0.475 per share on its common stock. This dividend is scheduled for payment on March 2, 2022, to shareholders of record as of February 18, 2022. Neenah is a prominent manufacturer of specialty materials, focused on growth across various sectors including filtration media and specialty coatings, with operations across North America and Europe.
Neenah has joined the Soteria Battery Innovation Group, a consortium of over 100 companies focused on enhancing battery safety through innovative technologies. This partnership aligns with Neenah's commitment to innovation in the lithium-ion battery sector, which is projected to grow from
Neenah, Inc. (NYSE: NP) will announce its fourth quarter and full year financial results on February 16, 2022, after U.S. markets close. A conference call to discuss these results is scheduled for February 17, 2022, at 11:00 AM ET. Interested parties can join the call via webcast by registering through the Investor Relations section of the Neenah website. Participants can also dial in using a toll-free number or access code. A replay of the call will be available until February 24, 2022.
Neenah, Inc. (NYSE: NP) has announced that CEO Julie Schertell, CFO Paul DeSantis, and VP Kyle Anderson will present at the Sidoti Virtual Investor Conference. Their 30-minute presentation is scheduled for 9:15 am (ET) on January 20. Interested investors can register for the presentation here. Neenah specializes in manufacturing materials across various sectors, aiming for growth in filtration, specialty coatings, and engineered materials.
Neenah has launched DURAFLAT® Fibre Grinding Disc Backing, an innovative alternative to traditional vulcanized fibre discs. This product promises increased dimensional stability, reduced costs, improved grinding execution, and decreased packaging bursting issues. DURAFLAT Fibre addresses customer demands for a high-performance backing that resists humidity and curling. Neenah, with over 60 years of experience, emphasizes custom design support, providing tailored solutions to abrasive manufacturers.
Neenah, Inc. (NYSE: NP) reported a record net sales of $267.9 million for Q3 2021, a 40% increase from last year, driven by robust organic growth and the Itasa acquisition. Technical Products sales rose 46%, while Fine Paper and Packaging grew 32%. However, operating income fell to $11.4 million due to rising input costs and supply chain disruptions. Adjusted EPS was $0.38, down from $0.55 YoY, amid higher expenses and a challenging operating environment. Liquidity remained strong at $190 million. The company is focused on recovering margins through pricing strategies and expanding into larger markets.
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