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Neenah Reports Even Sales

May 11, 2017

Company reports higher volumes in technical products segment

Neenah Paper’s consolidated net sales of $242.1 million in the first quarter of 2017 were equal to 2016, as most growth in both Fine Paper and Packaging and Technical Products was offset by unfavorable currency effects and a decline in sales for Other products. On a constant currency basis, consolidated net sales increased 1%.

Technical Products net sales of $121.9 million compared with $121.5 million in the prior year. The increase in revenues resulted from volume growth led by backings, labels, and transportation filtration, and a higher average selling price due to a higher value sales mix. These items were mostly offset by unfavorable currency exchange effects. On a constant currency basis, net sales increased more than 2%.