Neenah Reports Third Quarter 2019 Results
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Neenah Paper (NP) Tops Q3 EPS by 8c, Revenues Miss
November 5, 2019 5:04 PM ESTNeenah Paper (NYSE: NP) reported Q3 EPS of $0.95, $0.08 better than the analyst estimate of $0.87. Revenue for the quarter came in at $231.8 million versus the consensus estimate of $246.5 million.
Third Quarter Highlights
Net sales of $231.8 million decreased 10 percent compared with $256.2 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 6... More