Wausau Paper (NYSE: WPP) reported Q3 Trading Update. Revenue for the quarter came in at £3.51 billion versus the consensus estimate of £3.72 billion.

Third quarter performance impacted by the continuation of second quarter trends. Launching the world’s largest creative agency, VML, to enhance our offer to clients and simplify WPP. Now expect 2023 LFL growth of around 0.5-1.0% with margin of 14.8-15.0% at 2022 rates.

Outlook:

2023 guidance updated: LFL revenue less pass-through costs growth now expected to be around 0.5-1.0% (previously 1.5-3.0%); with headline operating margin of 14.8-15.0% (excluding the impact of FX) (previously around 15.0%)

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