Neenah Paper (NP) Tops Q1 EPS by 5c, Revenues Miss
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Neenah Reports First Quarter 2019 Results
May 2, 2019 5:00 PM EDTALPHARETTA, Ga., May 2, 2019 /PRNewswire/ -- Neenah, Inc. (NYSE: NP) today reported first quarter 2019 results.
First Quarter Highlights
Net sales of $239.7 million decreased 10 percent compared with $266.5 million in the prior year. On a constant currency basis, and excluding the impact of the December 2018 sale of the Brattleboro mill, net sales were down 5 percent. Earnings per diluted common share (E.P.S.) of $0.69 compared with earnings of $0.95 ($1.04 adjusted) per share in 2018. There were no adjustments to earnings in the first quarter of 2019. In 2018,... More