Neenah Paper (NP) Misses Q1 EPS by 8c
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Neenah Reports First Quarter 2017 Results
May 10, 2017 5:00 PM EDTALPHARETTA, Ga., May 10, 2017 /PRNewswire/ -- Neenah Paper, Inc. (NYSE: NP) today reported 2017 first quarter results.
First Quarter Highlights
Revenues of $242.1 million were equal to $242.1 million in the prior year. Operating income of $27.0 million declined from $31.4 million in the prior year. Results in 2017 included $5 million of combined costs for start-up of new filtration capacity in the US and downtime at the German filtration facility. Earnings per diluted share of $1.03 compared with $1.11 per share in 2016. Excluding 2016 integration and restructuring costs of $0.04 per share, adjusted... More