Neenah Paper (NP) Tops Q4 EPS by 7c, Revenues Miss
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Neenah Reports 2019 Fourth Quarter and Full Year Results
February 18, 2020 5:00 PM ESTALPHARETTA, Ga., Feb. 18, 2020 /PRNewswire/ -- Neenah, Inc. (NYSE: NP) today reported 2019 fourth quarter and full-year results.
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 primarily to eliminate a pension plan curtailment... More