Neenah Reports 2018 Fourth Quarter and Full Year Results
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Neenah Paper (NP) Misses Q4 EPS by 9c, Revenues Miss; Provides 2019 Outlook
February 12, 2019 8:32 AM ESTNeenah Paper (NYSE: NP) reported Q4 EPS of $0.53, $0.09 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $240.9 million versus the consensus estimate of $255.63 million.
Revenues of $240.9 million decreased 1 percent versus the fourth quarter of 2017.Earnings per diluted share of $0.76 decreased from $1.10 in the fourth quarter of 2017, while adjusted earnings per share of $0.53 compared with $1.06 in the prior year.Cash generated from operations of $29.0 million increased from $18.4 million in the prior year.The Company's manufacturing facility in Brattleboro, Vermont was sold on December 31, 2018... More