Wausau Paper (WPP) Reports Break-Even Q2 EPS, Provides Outlook

Wausau Paper (NYSE: WPP) reported Q2 EPS of $0.00, versus $0.01 reported last year. Revenue for the quarter came in at $90.9 million versus the consensus estimate of $93.51 million.

Third-Quarter 2015 Outlook

Commenting on the third quarter, Mr. Burandt, said, “Our teams remain focused on furthering the significant performance benefits we are realizing from MEI in the second half of the year. We are pleased with the market’s favorable response to our premium products and the resulting improvement in our strategic mix.

“Although costs of production have improved through the first half of 2015, we maintain our prior forecast for modest cost pressure related to wastepaper pricing through the balance of the year. As a result we currently expect third quarter adjusted EBITDA of $17 million to $18 million,” Mr. Burandt concluded.

For earnings history and earnings-related data on Wausau Paper (WPP) click here.

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