Wausau Paper (NYSE: WPP) reported Q3 EPS of $0.00. Revenue for the quarter came in at $3.56 billion versus the consensus estimate of $3.62 billion.

Outlook

Our guidance for 2024 is as follows:

Like-for-like revenue less pass-through costs growth of -1% to 0%;

Headline operating margin improvement of 20-40bps (excluding the impact of FX)

Other 2024 financial indications:

Mergers and acquisitions will have a slightly negative impact to revenue less pass-through costs growth, primarily due to the expected disposal of FGS Global and limited M&A activity in FY 2024 (previously <0.5%)
FX impact: current rates (at 16 October 2024) imply a c.3.2% drag on FY 2024 revenue less pass-through costs, with a 0.2pt drag expected on FY 2024 headline operating margin
Headline income from associates8 and non-controlling interests at similar levels to 2023
Headline net finance costs of around £295m
Headline effective tax rate9 of around 28%
Capex of around £260m
Cash restructuring costs of around £285m
Working capital expected to be broadly flat year-on-year

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