Neenah Paper Inc. News

Mon, 20 Feb 2012 20:53:00 GMT
Fourth Quarter Adjusted Earnings Per Share Up Almost 60% on Higher Sales and Margins Full Year Growth in Sales (+6%), EBIT (+14%) and Earnings Per Share (+30%) ALPHARETTA, Ga.--(BUSINESS WIRE)--Feb. 20, 2012-- Neenah Paper, Inc. (NYSE:NP) today reported earnings from continuing operations of $0.47 per diluted common share in the fourth quarter of 2011 compared to adjusted earnings of $0.30 per share in the fourth quarter of 2010. Excluding adjustments, earnings in the fourth quarter of 2010 were $0.43 per share and included a $0.13 per share gain from the sale of a paper mill in Ripon, California. Net sales of $165.5 million in the fourth quarter of 2011 grew three percent compared wit...
Wed, 15 Feb 2012 21:30:47 GMT
ALPHARETTA, Ga.--(BUSINESS WIRE)--Feb. 15, 2012-- Neenah Paper, Inc. (NYSE: NP) announced today that the Company will be presenting at the Credit Suisse Annual Global Paper & Packaging Conference in New York on Wednesday, February 22, 2012. John O’Donnell, Chief Executive Officer, and Bonnie Lind, Chief Financial Officer and Treasurer, will be speaking at the event. A copy of the presentation will be available on Neenah Paper’s web site (www.neenah.com) under the "Investor Relations" section. About Neenah Paper, Inc. Neenah Paper is a leader in premium image and performance-based products, i...
Tue, 07 Feb 2012 21:30:51 GMT
ALPHARETTA, Ga.--(BUSINESS WIRE)--Feb. 7, 2012-- Neenah Paper, Inc. (NYSE: NP) today announced it will issue a press release covering fourth quarter and full year financial results on Monday, February 20, 2012. The company will hold a conference call to discuss earnings and business results at 11 a.m. Eastern time on Tuesday, February 21, 2012. Interested parties are invited to listen to the call via webcast by registering through the Investor Relations section of the company's web site, www.neenah.com. Individuals who wish to participate actively in the call can dial-in from the U.S. and Canada by using (888) ...
Wed, 01 Feb 2012 14:03:49 GMT
ALPHARETTA, Ga., Feb 01, 2012 (BUSINESS WIRE) --Neenah Paper (NYSE: NP) announced the purchase of the branded premium paper portion of Wausau's Fine Paper division on Jan. 31, 2012. "The acquisition of Wausau brands strengthens the breadth of our existing Fine Paper business with added scale in the marketplace, prospects for growth in new channels such as retail, and the opportunity to provide our customers with better service," said Julie Schertell, president, Neenah Fine Paper. The transaction includes the following brands: Premium fine paper brands ASTROBRIGHTS(R), ASTROPARCHE(R), ROYAL LINEN(R), ROYA...
Tue, 31 Jan 2012 21:51:31 GMT
ALPHARETTA, Ga.--(BUSINESS WIRE)--Jan. 31, 2012-- Neenah Paper, Inc. (NYSE:NP) announced today completion of the previously announced purchase of certain premium paper brands and other assets from Wausau Paper Corp. Key components of the transaction include: A cash payment of $21 million to acquire: Astrobrights®, Astroparche® and Royal brands. Exclusive license rights for a portion of Exact® brand specialty business, including Index, Tag and Vellum Bristol. Approximately one month of finished goods invent...
Tue, 31 Jan 2012 20:30:00 GMT
ALPHARETTA, Ga.--(BUSINESS WIRE)--Jan. 31, 2012-- Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share on the company's common stock. The dividend is payable on March 2, 2012 to stockholders of record as of close of business on February 10, 2012. The company announced in November 2011, it was increasing its quarterly dividend effective in 2012 from $0.11 to $0.12 per share. About Neenah Paper, Inc. Neenah Paper is a leader in premium image and performance-based products, including filtration, specialized substrates used for tapes, labels and other products, and high-end printing papers. Products are marke...
Wed, 07 Dec 2011 21:31:12 GMT
ALPHARETTA, Ga., Dec 07, 2011 (BUSINESS WIRE) --Neenah Paper, Inc. (NYSE:NP) announced today it has signed a definitive agreement to purchase certain premium brands, including Astrobrights(R) and Royal, from Wausau Paper. The transaction has been approved by the Boards of Directors of both companies and is subject to customary closing conditions. The purchase would be financed through existing credit facilities and operating cash flows. Closing is expected to occur on January 31, 2012 and additional details will be shared at that time. "The purchase of these profitable brands is consistent with our stated intent to participate in t...
Thu, 17 Nov 2011 21:30:00 GMT
ALPHARETTA, Ga.--(BUSINESS WIRE)--Nov. 17, 2011-- Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors approved a nine percent increase in the dividend on the Company’s common stock. The annual dividend will increase from $0.44 to $0.48 per share and will continue to be paid in four equal quarterly installments. The next installment, at the new higher rate of $0.12 per share, is scheduled to be paid in March 2012 to shareholders of record as of February 2012. “The decision to increase our dividend for a second consecutive year underscores our confidence in the future of Neenah,” said John O’Donnell, Chief Executive Officer. “We continue to generate strong cash flow and ...
Tue, 08 Nov 2011 22:01:00 GMT
Earnings Per Share up 40% with 8% Sales Growth and Stronger Balance Sheet ALPHARETTA, Ga., Nov 08, 2011 (BUSINESS WIRE) -- Neenah Paper, Inc. (NYSE:NP) today reported a 40 percent increase in earnings per diluted common share, with $0.42 in the third quarter of 2011 compared to $0.30 in the third quarter of 2010. Net sales of $174.9 million in the third quarter of 2011 rose eight percent compared to the third quarter of 2010, while consolidated operating income increased seven percent, growing to $12.5 million in the current quarter from $11.7 million in the third quarter of 2010. Commenting on results, John O'Donnell, Chief Executive Officer, said, "Our businesses performed well in th...
Tue, 01 Nov 2011 20:36:00 GMT
ALPHARETTA, Ga., Nov 01, 2011 (BUSINESS WIRE) -- Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.11 per share on the company's common stock. The dividend is payable on December 2, 2011 to stockholders of record as of close of business on November 11, 2011. About Neenah Paper, Inc. Neenah Paper is a leader in premium and performance-based products used in a variety of applications. Its technical products business manufactures a variety of base substrates and applies saturating, coating and other surface treatments to make filtration media, backing and release papers, and other specialty materials for industrial and c...