NP - NP STOCK NEWS

Neenah, Inc. (NYSE: NP) will release its third quarter financial results on November 2, 2021, after U.S. market close. A conference call is scheduled for November 3, 2021, at 11:00 AM ET to discuss the results. Interested listeners can join via a live webcast on Neenah’s website. The call will also be available for replay until November 10, 2021. Neenah is focused on manufacturing specialty materials globally, emphasizing growth in sectors like filtration media and specialty coatings.

Neenah, Inc. (NYSE: NP) announced its participation in the Sidoti Fall Virtual Investor Conference on September 22. CEO Julie Schertell and CFO Paul DeSantis will present a 30-minute session starting at 1:00 PM ET. Investors can join the presentation live via a dedicated link and can also schedule one-on-one meetings with the company's executives. Registration for the presentation is free and open to all. Neenah specializes in manufacturing materials for various industries with facilities in North America, Europe, and Asia.

Neenah, Inc. introduces RECYCOTAPE™, an innovative environmentally friendly tape backing that is recyclable along with packaging boxes. Made from FSC® certified fibers, RECYCOTAPE easily breaks down during recycling, providing usable fiber for new paper. Chris Boothby, Tape Product Manager, highlights the market demand for alternatives to traditional non-recyclable tapes, underscoring RECYCOTAPE's high performance and sustainability. Neenah aims to enhance its product offerings in sustainable solutions, meeting consumer expectations without compromising quality.

Neenah, Inc. (NYSE: NP) reported strong second quarter 2021 results with net sales of $269.3 million, up 67% year-over-year, driven by the Itasa acquisition and organic growth. Technical Products led with a 79% increase in sales, while Fine Paper and Packaging rose 48%. However, adjusted operating margins were pressured by rising input costs. Liquidity remained robust at $196 million. The company anticipates mid-single digit revenue growth and mid-teen operating margins, despite challenges from supply chain issues and increased costs. Adjusted earnings per share reached $0.65, improving from previous losses.

Neenah, Inc. (NYSE:NP) has declared a quarterly cash dividend of $0.47 per share, payable on September 2, 2021. Shareholders of record as of August 13, 2021 will receive this dividend. Neenah specializes in manufacturing materials for various industries, including filtration media and specialty coatings, with facilities across North America, Europe, and Asia. The company aims to enhance growth for its customers and shareholders by focusing on innovative products in diverse markets.

Neenah, Inc. (NYSE: NP) will release its second quarter financial results on August 4, 2021, after U.S. markets close. The Company will host a conference call to discuss these results at 11:00 AM (EDT) on August 5, 2021. Interested participants can listen live by registering through the Investor Relations section on www.neenah.com. An archive of the webcast will also be available post-event, with a replay accessible until August 12, 2021.

Neenah, Inc. (NYSE: NP) has appointed Shruti Singhal to its Board of Directors, expanding the board to eight members. Singhal, CEO of Chroma Color Corporation, brings extensive experience from companies like Henkel, BASF, and Dow Chemical, which is expected to enhance Neenah's manufacturing growth strategies. Julie Schertell, CEO of Neenah, expressed confidence in Singhal's leadership capabilities to benefit the company’s stakeholders. Neenah focuses on specialty materials across various sectors, including filtration media, coatings, and packaging.

Neenah, Inc. (NYSE: NP) has expanded its DISPERSA® product line into the direct thermal print market, responding to rising demand for sustainable printing solutions. The newly launched DISPERSA DT is engineered to disperse in water, thereby enhancing sustainability in applications such as food rotation and reusable container labels. The product is designed with a proprietary coating that minimizes residue build-up on print heads, extending equipment life. All DISPERSA products are made from FSC® controlled fibers and have been tested for flushability and bio-based content, aligning with Neenah's commitment to sustainability.

Neenah, Inc. (NYSE: NP) has announced operational changes aimed at fostering growth and enhancing margins. Key actions include a $13 million investment in new coating capacity, restarting a fine paper asset, and closing its Appleton, Wisconsin facility. These moves are anticipated to generate annual EBITDA benefits of $7 million to $8 million, despite expected revenue declines of $20 million to $25 million from the facility closure. The release liner capacity is expected to be operational by mid-2023, supporting growth in North America and Latin America.