The Paper is a creative blog from The Paper Mill Store
Neenah Paper Releases Impressive Third Quarter Results

Neenah Paper Releases Impressive Third Quarter Results

Neenah Paper reported its third quarter results on November 4, 2014, and the numbers are promising.

Here are the highlights:

  • Record third quarter results for sales, operating income, and earnings per share, including an 8% increase in consolidated sales and a 35% increase in operating income
  • Successful integration of Crane Technical Materials, which was acquired July 1, 2014
  • 18% increase in earnings per diluted common share, from $0.68 to $0.80; 35% increase in adjusted earnings, from $0.61 to $0.83 (NOTE: Adjusted earnings exclude a cost of $0.03 per share for Technical Products restructuring. Adjusted earnings also exclude a net benefit of $0.07, largely from one-time state tax credits)
  • Free cash flow of $15 million

John O’Donnell, Neenah Paper’s Chief Executive Officer says that these encouraging figures are the result of “gains in filtration, technical specialties and premium fine paper brands”. He also notes that the “acquisition integration is going very well and is providing new opportunities for growth in filtration, as well as other attractive niche markets”.

Read Neenah Paper’s press release for a more detailed report of their third quarter results.

The Paper Mill Store carries a full range of Neenah papers. Check them out here.

Steph Schinkel
Steph Schinkel

Steph is an avid crafter, DIY enthusiast, and regular contributor to The Paper who loves to handmake all of her cards. Above all else, Steph is a die-hard foodie with a massive sweet tooth and a deep, soul-consuming love for chocolate.