CEO's Message

Looking towards the future, our growth will be fueled by both organic efforts and acquisitions, as we invest in our four growth platforms: Filtration, Specialty Coating, Engineered Solutions and Imaging and Packaging. Our employees’ passion for innovation, commitment to building lasting customer partnerships, and dedication to the continued delivery of meaningful improvements in safety, quality and operational excellence are differentiating capabilities that enable our continued success.

Our commitment to managing costs and capital efficiency, maintaining a prudent balance sheet, and providing shareholders with an attractive return is unchanged, and it is the combination of these that will drive the fulfillment of both our short-term objectives and our long-term ambitions.

Julie Schertell, President and Chief Executive Officer

Leading in profitable, specialty niche markets

We will increase our participation in niche markets that can provide us with leading positions and value our core competencies in performance-based fiber and non-woven media production, coating and saturating. Key markets include transportation filtration media, specialty backings, and premium fine paper and packaging.

Increasing our size, growth rate and portfolio diversification

We will invest and focus resources in higher growth technical/specialty markets to grow with customers in new geographies, and to enter into adjacent markets that are growing and profitable. We will do this both through organic initiatives that build on our technologies and capabilities, and through acquisitions that fit with our competencies and provide attractive financial returns.

Delivering consistent, attractive returns to our shareholders

We will continue to use Return on Invested Capital as a key metric to evaluate investment decisions and measure our performance, while maintaining a prudent capital structure and deploying cash flows in ways that provide value, including returning a portion of cash directly to shareholders through a meaningful dividend.

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