Neenah Paper (NP) Tops Q3 EPS by 8c, Revenues Miss
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Neenah Reports Third Quarter 2019 Results
November 5, 2019 5:00 PM ESTALPHARETTA, Ga., Nov. 5, 2019 /PRNewswire/ -- Neenah, Inc. (NYSE: NP) today reported third quarter 2019 results.
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 percent. GAAP earnings per diluted common share (E.P.S.) of $0.84 compared with earnings of $0.75 per share in 2018. On an adjusted basis, 2019 quarterly E.P.S. of $0.95 increased from $0.76 in the prior year... More