Sign in

Private company

Neenah, Inc.

Logo: Neenah, Inc., Public domain, via Wikimedia Commons4

American papermaking company based in Alpharetta, incorporated in Delaware1

In its 2022 annual report the company says: “Neenah is a specialty materials company organized into two primary businesses: a performance-based technical products business and a premium fine paper and packaging business. Our technical products business is a leading international producer of transportation, water and other filter media and durable, saturated, and coated substrates for a variety of end markets.”67

Last updated Oct 21, 2026.

Overview

1873Founded1
  • Industrypapermaking1
  • HeadquartersAlpharetta1
  • Websitewww.neenah.com
  • Legal formDelaware corporation1
  • Listed onNew York Stock Exchange (NP)1
  • LEI8SR38IKUT3O1F1I6VH653
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 60025773

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

15.9%Gross margin5
-1.1%Operating margin5
-2.4%Net margin5
29.8%Revenue growth, 20215
-7.9%Return on equity5
1.38×Debt to equity5
$25.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue84¢$865.2M
  • Research and development1¢$8.3M
  • Selling, general and admin10¢$101.4M
  • Other costs3¢$30.9M
  • Interest2¢$17.9M
  • Income tax0¢$4.8M

Out of $1.0B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending47¢$28.2M
  • Dividends paid53¢$31.9M

Out of $53.2M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$1.0B in 2021+16% since 2015
0$500.0M$1.0B$1.5B2015: $887.7M$887.7M20152016: $941.5M$941.5M2016+6%2017: $979.9M$979.9M2017+4%2018: $1.0B$1.0B2018+6%2019: $938.5M$938.5M2019−9%2020: $792.6M$792.6M2020−16%2021: $1.0B$1.0B2021+30%
Gross profit67895$163.3M in 2021−16% since 2015
0$100.0M$200.0M$300.0M2015: $195.4M$195.4M20152016: $217.3M$217.3M2016+11%2017: $200.2M$200.2M2017−8%2018: $183.4M$183.4M2018−8%2019: $183.4M$183.4M2019+0%2020: $153.2M$153.2M2020−16%2021: $163.3M$163.3M2021+7%
Operating income67895-$11.8M in 2021
-$50.0M0$50.0M$100.0M$150.0M2015: $101.4M$101.4M20152016: $114.1M$114.1M2016+13%2017: $104.3M$104.3M2017−9%2018: $54.1M$54.1M2018−48%2019: $78.3M$78.3M2019+45%2020: -$6.1M-$6.1M20202021: -$11.8M-$11.8M2021+93%
Net income67895-$24.9M in 2021
-$50.0M0$50.0M$100.0M2015: $51.1M$51.1M20152016: $73.0M$73.0M2016+43%2017: $80.3M$80.3M2017+10%2018: $36.4M$36.4M2018−55%2019: $55.4M$55.4M2019+52%2020: -$15.8M-$15.8M20202021: -$24.9M-$24.9M2021+58%
Fiscal year2015201620172018201920202021
Revenue$887.7M6$941.5M7$979.9M8$1.0B9$938.5M5$792.6M5$1.0B5
Cost of revenue$692.3M6$724.2M7$779.7M8$851.5M9$755.1M5$639.4M5$865.2M5
Gross profit$195.4M6$217.3M7$200.2M8$183.4M9$183.4M5$153.2M5$163.3M5
Research and development$6.8M6$9.4M7$8.9M8$9.2M9$8.7M5$7.6M5$8.3M5
Selling, general and admin$86.5M6$90.0M7$95.3M8$95.9M9$98.6M5$88.0M5$101.4M5
Operating income$101.4M6$114.1M7$104.3M8$54.1M9$78.3M5-$6.1M5-$11.8M5
Interest$11.7M6$11.2M7$12.7M8$13.0M9$11.8M5$12.6M5$17.9M5
Income before tax-$29.7M5
Income tax$29.4M6$29.6M7$11.4M8$3.9M9$11.1M5-$2.9M5-$4.8M5
Net income$51.1M6$73.0M7$80.3M8$36.4M9$55.4M5-$15.8M5-$24.9M5
Earnings per share$3.026$4.317$4.748$2.159$3.275-$0.965-$1.495
Earnings per share (diluted)$2.986$4.247$4.688$2.129$3.265-$0.965-$1.495
Shares (weighted, basic)16.8M shares5
Shares (weighted, diluted)16.8M shares5

Compare Neenah, Inc. with another company

Corporate structure

Neenah, Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Neenah, Inc.

  • Neenah, Inc. Alpharetta, Georgia, United States
    • Neenah Paper Subsidiary · Alpharetta, United States
    • Neenah Paper International, LLC Subsidiary · Alpharetta, Georgia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Neenah, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$796.8M5 Dec 31, 2021$812.8M5 Dec 31, 2020−2.0%
Accumulated depreciation$501.3M5 Dec 31, 2021$483.4M5 Dec 31, 2020+3.7%
Property and equipment, net$295.5M5 Dec 31, 2021$329.4M5 Dec 31, 2020−10.3%
Finance-lease assets$20.8M5 Dec 31, 2021$05 Dec 31, 2020
Operating-lease assets (leased space)$17.8M5 Dec 31, 2021$20.2M5 Dec 31, 2020−11.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$23.9M5 Dec 31, 2021$37.1M5 Dec 31, 2020−35.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$198.6M5 Dec 31, 2021$87.4M5 Dec 31, 2020+127.2%
Intangible assets, net (excluding goodwill)$154.6M5 Dec 31, 2021$62.6M5 Dec 31, 2020+147.0%
Indefinite-lived intangibles (excluding goodwill)$40.4M5 Dec 31, 2021$36.9M5 Dec 31, 2020+9.5%
Finite-lived intangibles, gross$139.0M5 Dec 31, 2021$62.1M5 Dec 31, 2020+123.8%
Accumulated amortization$24.8M5 Dec 31, 2021$36.4M5 Dec 31, 2020−31.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$138.5M5 Dec 31, 2021$108.9M5 Dec 31, 2020+27.2%
Raw materials$54.7M5 Dec 31, 2021$28.9M5 Dec 31, 2020+89.3%
Work in process$32.6M5 Dec 31, 2021$20.1M5 Dec 31, 2020+62.2%
Finished goods$64.0M5 Dec 31, 2021$61.0M5 Dec 31, 2020+4.9%
Supplies$3.8M5 Dec 31, 2021$5.3M5 Dec 31, 2020−28.3%

Leadership

Who has led Neenah, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sean T. Erwin2006–2011
  2. Julie Schertell2020–2022

Chair

  1. Sean T. Erwin2006–2011

President

  1. Sean T. Erwin2006–2011
  2. Dennis Runsten2006–2008
  3. William K. Oconnor2007
  4. Julie Schertell2011–2022
  5. Byron Jason Racki2017–2019

Chief financial officer

  1. Bonnie Cruickshank Lind2006–2020
  2. Paul F. Desantis2020–2022

Chief operating officer

  1. Julie Schertell2020
197019801990200020102020
Board members and other officers (28)

Subsidiaries and ownership

Subsidiaries

Divisions

From Wikidata.1

Timeline

  1. Jul 6, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer48
  2. Jul 1, 20228-K Financial statements and exhibits49
  3. Jun 29, 20228-K Shareholder vote50
  4. Jun 21, 20228-K Other events51
  5. May 20, 20228-K Shareholder vote52
  6. May 4, 20228-K Results of operations53
  7. Mar 28, 20228-K Entered a material agreement; Bylaws or fiscal year changed; Other events54
  8. Mar 2, 20228-K Executive or director change55
  9. Feb 16, 20228-K Results of operations56
  10. Feb 3, 20228-K Other events57
  11. Nov 2, 20218-K Other events58
  12. Nov 2, 20218-K Results of operations59
  13. May 22, 2020New chief executive Julie Schertell becomes CEO12
  14. Feb 9, 2006New chief executive Sean T. Erwin becomes CEO13
  15. 1873Founded Founded1

Calendar

When it reported results

  1. May 4, 2022Reported quarterly or annual results53
  2. Feb 16, 2022Reported quarterly or annual results56
  3. Nov 2, 2021Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

90 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 12 major events, 33 insider forms, 10 large holders, 32 other. The latest 20:

  1. Mar 8, 2023SC 13G/A EDGAR
  2. Feb 14, 2023SC 13G/A EDGAR
  3. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  4. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  5. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  6. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  7. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  8. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  9. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  10. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  11. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  12. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  13. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  14. Jul 29, 20224 OWNERSHIP DOCUMENT EDGAR
  15. Jul 18, 202215-12G EDGAR
  16. Jul 6, 2022S-8 POS EDGAR
  17. Jul 6, 2022S-8 POS EDGAR
  18. Jul 6, 2022S-8 POS EDGAR
  19. Jul 6, 2022S-8 POS EDGAR
  20. Jul 6, 2022S-8 POS EDGAR

The 90 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 21, 2022Schertell JuliePresident and CEOSale1,505$48.34$72.8KForm 4
Jan 3, 2022Benz Noah SamuelEVP, General Counsel & SecSale460$46.77$21.5KForm 4
Nov 30, 2021Free Jason TEVP, OperationsSale484$46.64$22.6KForm 4
Nov 8, 2021DANO MARGARET SDirectorSale1,100$54.81$60.3KForm 4
Nov 5, 2021Brownlee Larry NewtonVP & ControllerSale491$55.80$27.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
FTV Management Company, L.P.16,310,781$513.8M100.0%−6,039,850
Bregal Sagemount IV General Partner Jersey Ltd14,252,718$449.0M100.0%−5,277,754
BlackRock, Inc.2,706,202$85.2M0.0%+2,325,778
Vanguard Portfolio Management LLC1,544,775$48.7M0.0%+832,331
Azora Capital LP1,467,570$46.2M1.9%+513,541
Vanguard Capital Management LLC1,398,858$44.1M0.0%+579,757
Jpmorgan Chase & Co1,348,503$41.1M0.0%−132,600
Driehaus Capital Management LLC1,297,130$40.9M0.2%New
Alliancebernstein L.P.1,562,853$37.8M0.0%+392,107
Woodline Partners LP1,178,446$37.1M0.1%+200,352
Capital World Investors1,131,365$35.6M0.0%+30,865
Ameriprise Financial Inc1,106,169$34.8M0.0%+140,829
Capital International Investors944,971$29.8M0.0%−403,683
Freestone Grove Partners LP851,067$26.8M0.2%New
Geode Capital Management, LLC830,768$26.2M0.0%+629,231
Frontier Capital Management Co LLC746,054$23.5M0.2%−240,794
State Street Corp693,496$21.8M0.0%+595,316
Artisan Partners Limited Partnership654,812$20.6M0.0%New
Balyasny Asset Management L.P.631,956$19.9M0.0%+142,785
Bamco Inc /ny/608,692$19.2M0.0%−99,782
Select Equity Group, L.P.588,809$18.5M0.1%+330,085
Nuveen, LLC573,005$18.0M0.0%+140,244
TimesSquare Capital Management, LLC429,225$13.5M0.2%−469,008
Alyeska Investment Group, L.P.375,000$11.8M0.0%+325,000
Bank Of America Corp /de/326,651$10.3M0.0%+289,155

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Neenah, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNeenah Inc2
  • CIK0001296435
  • Employer ID (EIN)20-13083072
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)2621 Paper Mills2
  • Business address3460 Preston Ridge Road, Alpharetta, GA 300052
  • Phone678-566-65002
  • Shares outstanding16,788,143 as of May 2, 202210
  • Public float$702.3M as of Jun 30, 20215
  • On EDGAR sinceJul 7, 20042
  • Filings1,373 in all: 4 (735), 8-K (263), SC 13G/A (66), 10-Q (52), 425 (39), SC 13G (35), 3 (34), 11-K (19)2
    All 33 form types

    DEF 14A (19), 10-K (18), UPLOAD (15), 4/A (14), CORRESP (12), ARS (8), 8-K/A (6), S-8 (6), S-8 POS (6), DEFA14A (5), CT ORDER (4), 10-12B/A (3), CERTNYS (2), 10-12B (1), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B3 (1), 5 (1), DEFM14A (1), NT 11-K (1), PRE 14A (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2022
    Quarterly report (10-Q) May 4, 2022
    Proxy statement (DEF 14A) Apr 8, 2022
    Latest 8-K (8-K) Jul 6, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
    SEC EDGAROther events
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
    SEC EDGAROther events
  58. 58
    SEC EDGAROther events
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67