Neenah Paper (NP) Misses Q4 EPS by 10c

Neenah Paper (NYSE: NP) reported Q4 EPS of $0.45, $0.10 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $264.3 million versus the consensus estimate of $248.85 million.

2022 Outlook

The following items are expected to impact 2022 results:

• Continued robust revenue growth driven by increasing volumes in our four growth platforms
• Benefits from pricing (especially from annual Filtration contracts) and other actions to address inflationary pressures across all lines of business
• Input costs to remain at elevated levels; year-on-year comparison most acute in first half of 2022
• Challenging supply chain and US labor cost and availability environment
• Incremental EBITDA impact of the Itasa acquisition (approximately $5 million) and Appleton facility closure (approximately $6 million) for three and nine months, respectively, of 2022
• Capital spending of approximately 4 to 5% of net sales, influenced by capacity expansions in process

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

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