Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Conference/Events
Neenah Paper management to meet virtually with Sidoti » 04:55
06/22/20
06/22
04:55
06/22/20
04:55
NP

Neenah Paper

$49.99 /

-0.6 (-1.19%)

Virtual Meeting to be…

Virtual Meeting to be held on June 22 hosted by Sidoti.

ShowHide Related Items >><<
NP Neenah Paper
$49.99 /

-0.6 (-1.19%)

NP Neenah Paper
$49.99 /

-0.6 (-1.19%)

05/28/20 Sidoti
Neenah Paper downgraded to Neutral from Buy at Sidoti
04/15/20 DA Davidson
Neenah Paper price target lowered to $62 from $70 at DA Davidson
03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
NP Neenah Paper
$49.99 /

-0.6 (-1.19%)

Conference/Events
Neenah Paper management to meet virtually with Sidoti » 12:33
06/18/20
06/18
12:33
06/18/20
12:33
NP

Neenah Paper

$50.77 /

-0.89 (-1.72%)

Virtual Meeting to be…

Virtual Meeting to be held on June 22 hosted by Sidoti.

ShowHide Related Items >><<
NP Neenah Paper
$50.77 /

-0.89 (-1.72%)

NP Neenah Paper
$50.77 /

-0.89 (-1.72%)

05/28/20 Sidoti
Neenah Paper downgraded to Neutral from Buy at Sidoti
04/15/20 DA Davidson
Neenah Paper price target lowered to $62 from $70 at DA Davidson
03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
NP Neenah Paper
$50.77 /

-0.89 (-1.72%)

Over a month ago
Downgrade
Neenah Paper downgraded to Neutral from Buy at Sidoti » 08:49
05/28/20
05/28
08:49
05/28/20
08:49
NP

Neenah Paper

$56.46 /

+3.07 (+5.75%)

Sidoti analyst…

Sidoti analyst Christopher McGinnis downgraded Neenah Paper to Neutral from Buy with a $55 price target.

ShowHide Related Items >><<
NP Neenah Paper
$56.46 /

+3.07 (+5.75%)

NP Neenah Paper
$56.46 /

+3.07 (+5.75%)

04/15/20 DA Davidson
Neenah Paper price target lowered to $62 from $70 at DA Davidson
03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
NP Neenah Paper
$56.46 /

+3.07 (+5.75%)

Hot Stocks
Neenah Paper sees 'material adverse impact' on business from COVID-19 » 17:05
05/08/20
05/08
17:05
05/08/20
17:05
NP

Neenah Paper

$49.06 /

+3.32 (+7.26%)

The company said,…

The company said, "Along with virtually all other companies, Neenah is dealing with the outbreak and pandemic of the novel coronavirus, known as COVID-19. While it is currently too early to estimate the longer term impact, as a result of significantly reduced global economic activity and resulting customer demand, the company expects the pandemic to have a material adverse impact on its business and financial results, including sales, earnings and cash flows in upcoming quarters. Similar to expectations for gross domestic product, the most significant impact of COVID-19 on customer demand is expected in the second quarter, but it had already begun to impact demand in March, especially in our fine paper and packaging business. Neenah has been designated as an 'essential business by global governments and all facilities are operating. In addition, the company has not had any significant disruptions to the supply chain or workforce and are actively managing these areas to support the well-being of employees and business continuity. Actions taken include: New operating protocols, enhanced sanitation and cleaning, social distancing, restricted plant access, increased personal protective equipment, and temperature checks at mill facilities; Remote working arrangements for all salaried employees; Reductions in discretionary spending in areas like maintenance, advertising and other SG&A expenses; Significant decrease in capital spending; Wage increase deferral and hiring freeze; Idling a fine paper machine in Wisconsin and consolidating production onto other assets; Temporarily deferring acquisitions; Suspending purchases under the 2020 Stock Purchase Plan; Utilizing government-sponsored tax payment deferrals; Decreasing discretionary pension contributions; Close management of working capital and monitoring of suppliers; Increasing cash on balance sheet by almost $70 million by utilizing available revolving credit facility capacity; Beginning commercial production of face mask media from filtration operations in Germany.The company has developed various scenario plans and thresholds for additional actions, if warranted based upon conditions, and will continue to monitor the progress of the pandemic and its potential impact on the business. Based on current management expectations, the strong balance sheet and liquidity position, along with actions taken to date, provide Neenah with the necessary capital to address the COVID-19 pandemic for the foreseeable future."

ShowHide Related Items >><<
NP Neenah Paper
$49.06 /

+3.32 (+7.26%)

04/15/20 DA Davidson
Neenah Paper price target lowered to $62 from $70 at DA Davidson
03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
Earnings
Neenah Paper reports Q1 adjusted EPS $1.12, consensus 90c » 17:01
05/08/20
05/08
17:01
05/08/20
17:01
NP

Neenah Paper

$49.06 /

+3.32 (+7.26%)

Reports Q1 revenue…

Reports Q1 revenue $233.6M, consensus $231.83M.

ShowHide Related Items >><<
NP Neenah Paper
$49.06 /

+3.32 (+7.26%)

04/15/20 DA Davidson
Neenah Paper price target lowered to $62 from $70 at DA Davidson
03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
Hot Stocks
Neenah Paper CFO Bonnie Lind retiring October 1 » 09:02
05/07/20
05/07
09:02
05/07/20
09:02
NP

Neenah Paper

$45.80 /

-0.84 (-1.80%)

Neenah CFO and Treasurer…

Neenah CFO and Treasurer Bonnie Lind has communicated her plans to retire. Lind will remain with Neenah through an October 1 retirement date to ensure a smooth transition. The company had appointed Paul DeSantis as Senior VP, CFO, and Treasurer, effective May 13. DeSantis most recently served as CFO at OMNOVA Solutions, and was in this role from 2014 until the company was acquired earlier this year.

ShowHide Related Items >><<
NP Neenah Paper
$45.80 /

-0.84 (-1.80%)

04/15/20 DA Davidson
Neenah Paper price target lowered to $62 from $70 at DA Davidson
03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
Recommendations
Neenah Paper price target lowered to $62 from $70 at DA Davidson » 09:14
04/15/20
04/15
09:14
04/15/20
09:14
NP

Neenah Paper

$44.87 /

-0.31 (-0.69%)

DA Davidson analyst…

DA Davidson analyst Steven Chercover lowered the firm's price target on Neenah Paper to $62 from $70 but keeps a Buy rating on the shares. The analyst also cuts his FY20 EPS view to $2.85 from $3.71 after the company ended its planned acquisition of Vectorply. Chercover contends that the deal may have been the right one but it came at the wrong time in that despite its accretion, taking on debt to acquire a business that caters to discretionary end-markets did not appeal to investors.

ShowHide Related Items >><<
NP Neenah Paper
$44.87 /

-0.31 (-0.69%)

03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
Over a quarter ago
Hot Stocks
Neenah Paper says Vectorply acquisition not completed » 16:06
04/02/20
04/02
16:06
04/02/20
16:06
NP

Neenah Paper

$39.11 /

-0.365 (-0.92%)

Neenah announced that it…

Neenah announced that it had not closed on its agreement to acquire Vectorply on April 1 as originally contemplated. Neenah had agreed to acquire Vectorply from MSouth Equity Partners for $155M in cash. "Regarding our ongoing business during this challenging time, the health and safety of our employees are paramount and we've taken actions across our company to protect them, while also carefully managing costs, capital expenditures and working capital," said John O'Donnell, CEO. "We exited 2019 with a conservative leverage position and our liquidity today is strong. Our primary near-term focus is the health and welfare of our employees and business, and we feel confident in our ability to weather the current crisis."

ShowHide Related Items >><<
NP Neenah Paper
$39.11 /

-0.365 (-0.92%)

03/06/20 DA Davidson
Neenah Paper upgraded to Buy from Neutral at DA Davidson
Upgrade
Neenah Paper upgraded to Buy from Neutral at DA Davidson » 07:45
03/06/20
03/06
07:45
03/06/20
07:45
NP

Neenah Paper

$55.35 /

-2.64 (-4.55%)

DA Davidson analyst…

DA Davidson analyst Steven Chercover upgraded Neenah Paper to Buy from Neutral with an unchanged $70 price target. The analyst notes that the stock is trading at its lowest valuation in the past 5 years, while its recent deal to Acquire Vectorply should "spark growth and enhance margins" in its Technical Products business. Chercover adds that Neenah has very little China exposure, even though the global automotive filtration sales could be sluggish.

ShowHide Related Items >><<
Hot Stocks
Neenah Paper to acquire Vectorply for $155M accretive in year one » 16:32
03/03/20
03/03
16:32
03/03/20
16:32
NP

Neenah Paper

$56.35 /

-1.8 (-3.10%)

Neenah announced the…

Neenah announced the signing of a definitive agreement to acquire Vectorply, a portfolio company of MSouth Equity Partners, for $155M in cash. Closing is expected to occur on April 1, and is subject to customary conditions. With annual sales of over $70M, Vectorply is a leader in the manufacture of high-performance composite materials used in a variety of growing end markets. Vectorply has grown its top line at a high single digit rate over the past five years, with EBITDA margins in the mid-20's. The company is focused in North America, with its customers and supply chain predominantly in the United States, and operates out of one manufacturing facility in the Southeast. Excluding one-time costs, the transaction is expected to be accretive to earnings in year one, with annualized accretion of over 25c per share. One-time acquisition and integration costs in 2020 are projected to be less than $2M.The acquisition is expected to be financed primarily through borrowing currently available against the Company's existing revolving credit facility, along with other funding as necessary.

ShowHide Related Items >><<

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.