Neenah Reports Strong First Quarter 2021 Results Led by Record Performance in Filtration
E.P.S. of $0.49 per share, Adjusted E.P.S. of $1.04 per share
Neenah, Inc. (NYSE:NP) today reported first quarter 2021 results.
First Quarter Highlights
Net sales of $227.0 million were up 10 percent from the fourth quarter of 2020, continuing the sequential growth since the second quarter of 2020, with strong rebounds in each segment.
Net sales in Technical Products were up 10 percent from prior year; with record quarterly sales and profits in filtration.
Adjusted operating margins for both segments returned to the mid-teens.
Cash generated from operations of $20.7 million increased from $14.2 million in the prior year.
Liquidity of $197 million as of March 31, 2021 increased
