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Neenah Paper Inc. Reports Operating Results (10-Q)

August 09, 2012 | About:
10qk

10qk

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Neenah Paper Inc. (NP) filed Quarterly Report for the period ended 2012-06-30.

Neenah Paper, Inc. has a market cap of $421.3 million; its shares were traded at around $28.15 with a P/E ratio of 13.2 and P/S ratio of 0.6. The dividend yield of Neenah Paper, Inc. stocks is 1.8%. Neenah Paper, Inc. had an annual average earning growth of 4.5% over the past 5 years.
This is the annual revenues and earnings per share of NP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NP.


Highlight of Business Operations:

For the three months ended June 30, 2012, consolidated net sales increased $28.8 million from the prior year period to $211.7 million primarily due to incremental volume from the brands acquired from Wausau.

Consolidated net sales for the three months ended June 30, 2012 were $28.8 million higher than the prior year period primarily due to incremental volume related to the brands acquired from Wausau.

Consolidated net sales for the six months ended June 30, 2012 were $54.3 million higher than the prior year period primarily due to incremental volume related to the brands acquired from Wausau.

· Net sales in our technical products business decreased $6.9 million or three percent as higher average net prices were more than offset by unfavorable currency effects and lower shipment volume. Excluding the effect of changes in foreign currency exchange rates, net sales increased $4.5 million or two percent. Higher average net prices reflected a sales mix with a higher proportion of higher-value products, as well as selling price increases. Sales volumes decreased from the prior year as growth in wall covering, transportation filtration and label shipments was more than offset by lower tape volume. Unfavorable currency exchange effects reflected a seven percent strengthening of the U.S. dollar relative to the Euro during the first six months of 2012.

· SG&A expense of $19.1 million for the three months ended June 30, 2012 was $1.1 million higher than the prior year period primarily due to higher selling and advertising costs related to the brands acquired from Wausau. For the three months ended June 30, 2012, SG&A expense as a percentage of net sales was approximately 9.0 percent and was 0.8 percentage points lower than the prior year period as the increase in net sales in the current year period more than offset higher SG&A expenses.

Read the The complete Report

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