Neenah Paper (NP) Tops Q4 EPS by 15c

Neenah Paper (NYSE: NP) reported Q4 EPS of $1.06, $0.15 better than the analyst estimate of $0.91. Revenue for the quarter came in at $244 million versus the consensus estimate of $233.85 million.

Outlook

The outlook for selected items is as follows:

• Solid top line growth supported by improved global economic conditions, continued ramp up of U.S. transportation filtration capacity and a full year of results from both 2017 acquisitions.
• A stronger euro would increase US dollar results, with each five cent change from translation increasing quarterly sales by approximately $2.5 million, pre-tax income by approximately $0.5 million, and earnings per share by approximately $0.02.
• Year on year input and distribution costs are projected to be substantially higher in the first half of 2018 and are expected to be tempered by ongoing cost improvement activities and pricing actions.
• The 2018 effective book tax rate is expected to average approximately 23 percent.
• Operating cash flows in 2018 are expected to increase, helped by lower cash tax payments and working capital efficiencies.
• Capital spending is anticipated to remain in the middle of the targeted range of 3 to 5 percent of net sales.
• Quarterly dividends will increase 11 percent to $0.41 per share effective with the March 2018 payment. In addition, the Company may opportunistically repurchase shares under an approved $25 million repurchase plan.

For earnings history and earnings-related data on Neenah Paper (NP) click here.

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