Neenah Reports 2019 Fourth Quarter and Full Year Results
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Neenah Paper (NP) Tops Q4 EPS by 7c, Revenues Miss
February 18, 2020 5:09 PM ESTNeenah Paper (NYSE: NP) reported Q4 EPS of $0.87, $0.07 better than the analyst estimate of $0.80. Revenue for the quarter came in at $213.6 million versus the consensus estimate of $222.99 million.
Fourth Quarter Highlights
Revenues of $213.6 million decreased 11 percent versus the fourth quarter of 2018 with a decline of approximately three percent due to the Company\'s sale of its Brattleboro mill in December 2018.Earnings per diluted share of $0.92 increased 21% compared with $0.76 in the fourth quarter of 2018.Adjusted earnings per share of $0.87 increased 64% compared with $0.53 in the prior year. Adjustments in 2019 were... More