Neenah Paper (NP) Tops Q4 EPS by 5c
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Neenah Paper Reports 2015 Fourth Quarter and Full Year Results
February 16, 2016 5:44 PM ESTALPHARETTA, Ga., Feb. 16, 2016 /PRNewswire/ -- Neenah Paper, Inc. (NYSE: NP) today reported 2015 fourth quarter and full-year results.Â
Fourth Quarter Highlights
Net sales of $230.4 million rose 13 percent compared with $203.6 million in the prior year. Adjusted earnings per share of $0.91 increased 18% compared with $0.77 in the prior year. On a GAAP basis, earnings per diluted share were $0.85 in the fourth quarter of 2015 and $1.59 in the same quarter of 2014. GAAP earnings in both 2015 and 2014 include tax credits related to prior periods ($0.07 and $1.00, respectively) and costs for acquisitions, restructuring and other items ($0.13... More