Neenah Paper (NP) Misses Q4 EPS by 9c, Revenues Miss; Provides 2019 Outlook
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Neenah Reports 2018 Fourth Quarter and Full Year Results
February 12, 2019 8:30 AM ESTALPHARETTA, Ga., Feb. 12, 2019 /PRNewswire/ -- Neenah, Inc. (NYSE: NP) today reported 2018 fourth quarter and full-year results.
Fourth Quarter Highlights
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 for a cash price of $5... More