DA Davidson Downgrades Neenah Paper (NP) to Neutral
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Neenah Reports Record Second Quarter 2016 Results
August 3, 2016 4:30 PM EDTALPHARETTA, Ga., Aug. 3, 2016 /PRNewswire/ --Â Neenah Paper, Inc. (NYSE: NP) today reported 2016 second quarter results.Â
Second Quarter Highlights
Revenues of $246.0 million increased 16 percent with organic and acquisition-driven growth. Operating income grew 22 percent to $33.9 million ($35.3 million after excluding $1.4 million of integration and restructuring costs).   Earnings per diluted share from continuing operations of $1.21 compared with $0.96 per share in 2015. Excluding 2016 integration and restructuring costs of $0.05 per share, adjusted E.P.S. of $1.26 increased 31 percent. Cash generated from operations of $40.3 million was used for filtration capacity expansion, debt... More
