Neenah Paper (NP) Tops Q2 EPS by 4c
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Neenah Reports Second Quarter 2020 Results
August 4, 2020 5:00 PM EDTE.P.S. of $(2.98) per share, Adjusted E.P.S. of $(0.08) per share
ALPHARETTA, Ga.--(BUSINESS WIRE)-- Neenah, Inc. (NYSE: NP) today reported second quarter 2020 results.
Second Quarter Highlights / Events
Net sales of $161.4 million decreased 36 percent compared with $253.4 million in the prior year. Technical Products segment sales decreased 28 percent and Fine Paper and Packaging revenues declined 48 percent. The decline in revenues in both segments resulted primarily from lower volumes caused by impacts of the COVID-19 pandemic. An operating loss of $(58.5) million... More