Neenah Paper

Neenah Paper combines Premium Fine Paper and Technical Products businesses with high-quality to create value through innovation, service and excellence in execution. At Neenah Paper, we strive to be the first choice for premium branded and customized paper products. Our mission is to create value for our customers and stockholders through innovation, service and excellence in execution and it is our employees who drive this value. Our Fine Paper business business is recognized as a world class manufacturer of premium writing, text and cover materials, cotton fiber papers and specialty items in a wide variety of colors, textures and eco-friendly processes, with distinguished brands including CLASSIC®, ENVIRONMENT®, NEENAH®, STARWHITE® and ESSE®. We purchased the Fox River Paper Company in March 2007, adding important brands and making Neenah the clear leader in the premium fine paper market. Fine Paper manufacturing facilities are located in Wisconsin (3), and California. Our Technical Products business is a leading producer of customized, saturated, coated, and specialized materials for a variety of end markets, with well-known brands such as MUNISING LP®, Gessner® and varitess®. We sell our products globally into 17 product categories. With customers located in more than 35 countries. We are also a global supplier of materials used to create customer-specific components for furniture, book covers and original equipment manufactures’ products. In October 2006, we purchased a German specialty products business from FiberMark. Following the acquisition, we reorganized the segment into five global business units: Filtration, Tape, Component Materials, Graphics and Identification and Wall Covering. Manufacturing facilities are located in Michigan and Germany (3).

Company Growth (employees)
Type
Public
HQ
Alpharetta, US
Founded
1873
Size (employees)
2,303 (est)
Website
neenah.com
Neenah Paper was founded in 1873 and is headquartered in Alpharetta, US

Neenah Paper Office Locations

Neenah Paper has an office in Alpharetta
Alpharetta, US (HQ)
600 3460 Preston Ridge Rd

Neenah Paper Data and Metrics

Neenah Paper Financial Metrics

Neenah Paper's revenue was reported to be $242.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

242.1 m

Gross profit (Q1, 2017)

52 m

Gross profit margin (Q1, 2017), %

21%

Net income (Q1, 2017)

17.6 m

EBIT (Q1, 2017)

27 m

Market capitalization (18-Aug-2017)

1.3 b

Cash (31-Mar-2017)

5.5 m
Neenah Paper's current market capitalization is $1.3 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

844.5 m902.7 m887.7 m941.5 m

Revenue growth, %

7%(2%)6%

Cost of goods sold

678.9 m725.5 m692.3 m727 m

Gross profit

165.6 m177.2 m195.4 m214.5 m

Gross profit Margin, %

20%20%22%23%

General and administrative expense

92.2 m

Operating expense total

92.2 m

EBIT

83.8 m87.5 m101.4 m114.1 m

EBIT margin, %

10%10%11%12%

Interest expense

11.2 m11.7 m11.2 m

Interest income

200 k300 k200 k100 k

Pre tax profit

72.8 m76.4 m89.9 m103 m

Income tax expense

23.4 m7.7 m29.4 m29.6 m

Net Income

52 m68.7 m51.1 m73 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

230.4 m230.6 m228.2 m224.1 m231.6 m242.1 m246 m232.9 m242.1 m

Cost of goods sold

183.2 m187.8 m177.3 m174.9 m183.2 m183.3 m186 m183.7 m190.1 m

Gross profit

47.2 m42.8 m50.9 m49.2 m48.4 m58.8 m60 m49.2 m52 m

Gross profit Margin, %

20%19%22%22%21%24%24%21%21%

General and administrative expense

20.4 m19.8 m21.9 m20.8 m21.2 m26.4 m24.4 m21 m24.9 m

Operating expense total

20.4 m19.8 m21.9 m20.8 m21.2 m26.4 m24.4 m21 m24.9 m

EBIT

25.9 m22.1 m28.8 m27.9 m24.4 m31.4 m33.9 m26.9 m27 m

EBIT margin, %

11%10%13%12%11%13%14%12%11%

Pre tax profit

23 m19.4 m21.5 m28.5 m31.2 m24.2 m23.8 m

Income tax expense

8 m5.8 m9.5 m8.4 m8 m9.5 m10.5 m7.8 m6.2 m

Net Income

15 m13.6 m16.3 m16.7 m6.1 m19 m20.3 m16.4 m17.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

73.4 m72.6 m4.2 m3.1 m

Accounts Receivable

90.5 m87.1 m97.3 m96.5 m

Inventories

101.1 m111.3 m120.6 m116.3 m

Current Assets

305.4 m302.5 m246.6 m236.3 m

PP&E

261.7 m270 m323 m

Goodwill

43.1 m51.5 m72.2 m70.4 m

Total Assets

675.9 m730.6 m751.4 m765.6 m

Accounts Payable

36.4 m46.9 m53.7 m55.6 m

Total Debt

219.7 m

Current Liabilities

103.6 m94.1 m106.1 m108 m

Total Liabilities

427.3 m

Additional Paid-in Capital

285.2 m300.4 m310.8 m317 m

Retained Earnings

88.2 m119 m169.6 m

Total Equity

267.5 m288.7 m311.6 m338.3 m

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.5 x2.5 x2.4 x2.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

92.3 m24 m58.8 m78 m5.5 m5.1 m4.5 m7.3 m5.5 m

Accounts Receivable

106.2 m107.7 m111.6 m109.7 m115.4 m110.6 m112.5 m104.3 m111.5 m

Inventories

102.4 m109 m105.6 m105.3 m119.8 m127.3 m123.9 m117.8 m117.1 m

Current Assets

333.7 m273.5 m303.7 m320.5 m314.3 m261.5 m255.7 m243.8 m252.4 m

Goodwill

42.7 m53.1 m47.5 m48.2 m74.4 m73.1 m72.2 m72.5 m70.8 m

Total Assets

696 m674.2 m703 m721.8 m801.5 m771.2 m771.1 m772.4 m787.4 m

Accounts Payable

53.7 m49.4 m42.3 m51.1 m56.1 m52.7 m56.9 m60.1 m56.4 m

Current Liabilities

106.2 m100.9 m87.1 m96.2 m138.5 m99.3 m107.4 m111 m102.3 m

Total Equity

296.3 m293.3 m287.1 m303.8 m307.4 m327.3 m342.2 m352.5 m348.5 m

Financial Leverage

2.3 x2.3 x2.4 x2.4 x2.6 x2.4 x2.3 x2.2 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

52 m68.7 m51.1 m73 m

Depreciation and Amortization

29.4 m30 m31.5 m32 m

Cash From Operating Activities

83.5 m94.5 m111.2 m115.8 m

Purchases of PP&E

(118.2 m)

Capital Expenditures

(28.7 m)(27.9 m)(48.1 m)(68.5 m)

Cash From Investing Activities

(33.3 m)(104.9 m)(160.1 m)(68.2 m)

Long-term Borrowings

(209.2 m)(5.6 m)(145.6 m)(252.9 m)

Dividends Paid

(11.4 m)(17.1 m)(20.3 m)(22.4 m)

Cash From Financing Activities

15 m10.2 m(18.8 m)(48.4 m)

Free Cash Flow

112.2 m122.4 m159.3 m47.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

15 m13.6 m16.3 m16.7 m6.1 m19 m20.3 m16.4 m17.6 m

Accounts Receivable

109.7 m115.4 m110.6 m112.5 m104.3 m111.5 m

Inventories

105.3 m119.8 m127.3 m123.9 m117.8 m117.1 m

Accounts Payable

51.1 m56.1 m52.7 m56.9 m60.1 m56.4 m
USDY, 2017

Revenue/Employee

105.1 k

Financial Leverage

2.3 x

Neenah Paper Market Value History

Traffic Overview of Neenah Paper

Neenah Paper Online and Social Media Presence

Neenah Paper Company Life and Culture

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