< View Todays Articles 08.09.2011

Neenah Paper Reports 2011 Second Quarter Results

Neenah Paper, Inc. today reported income from continuing operations in the second quarter of 2011 of $7.8 million, or $0.49 per diluted common share. Earnings increased 24 percent compared with the second quarter of 2010 when the Company reported income of $6.3 million, or $0.41 per diluted common share.

Consolidated net sales of $183 million in the second quarter of 2011 increased eight percent from the prior year period while operating income of $15.7 million grew 15 percent.

"Operating income grew strongly in both our Technical Products and Fine Paper businesses, as our teams successfully offset more than $6 million of higher input costs in the quarter," said John O'Donnell, Chief Executive Officer. He continued, "Top line growth reflected a significant increase in Technical Products as well as success in delivering against key growth initiatives in premium filtration products, direct sales of envelopes and specialized new labels."


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