Thursday, August 9, 2012

Neenah Paper Reports Q2 Results

Neenah Paper Reports Second Quarter 2012 Results: Neenah Paper, Inc. today reported adjusted earnings from continuing operations of ${body}.85 per diluted common share in the second quarter of 2012 compared with earnings of ${body}.49 per share in the second quarter of 2011. Net sales of $211.7 million in the second quarter of 2012 grew 16 percent compared with the second quarter of 2011. Adjusted operating income of $23.9 million increased 52 percent from $15.7 million in the prior year. Adjusted income of $13.9 million increased 78 percent compared to $7.8 million in the prior year. Adjusted earnings are reconciled to GAAP figures later in this release.