Neenah Reports First Quarter 2019 Results
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Neenah Paper (NP) Tops Q1 EPS by 5c, Revenues Miss
May 2, 2019 5:04 PM EDTNeenah Paper (NYSE: NP) reported Q1 EPS of $0.69, $0.05 better than the analyst estimate of $0.64. Revenue for the quarter came in at $239.7 million versus the consensus estimate of $262 million.
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... More