Neenah Paper (NP) Reports In-Line Q3 EPS
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Neenah Reports Third Quarter 2016 Results
November 8, 2016 4:30 PM EST
ALPHARETTA, Ga., Nov. 8, 2016 /PRNewswire/ -- Neenah Paper, Inc. (NYSE: NP) today reported 2016 third quarter results.
Third Quarter HighlightsÂ
Revenues of $232.9 million increased 1 percent, led by growth in Technical Products. Operating income grew 10 percent to $26.9 million as margins expanded due to lower costs and increased sales. Earnings per diluted common share from continuing operations of $0.95 increased 22 percent compared with $0.78 per share in 2015. Excluding 2016 and 2015 integration and restructuring costs of $0.04 per share and $0.11 per share, respectively, adjusted E.P.S. of $0.99 in 2016 increased 11 percent compared with $0.89 per... More