08.07.17
Neenah Paper’s consolidated net sales increased 1% to $248.7 million in the second quarter of 2017 compared with $246 million in the second quarter of 2016 primarily due to increased volumes and a higher value mix of products sold. These gains were only partly offset by unfavorable currency effects. On a constant currency basis, consolidated net sales increased 2%.
Technical Products net sales of $127.3 million increased from $126.5 million in the prior year. Revenue growth resulted from a higher priced sales mix and growth in backings, label and certain filtration products. These items were partly offset by unfavorable currency exchange effects and lower volumes for transportation filtration, where capacity is temporarily constrained until products are qualified on the new U.S. asset. On a constant currency basis, net sales increased 2.2%.
Technical Products net sales of $127.3 million increased from $126.5 million in the prior year. Revenue growth resulted from a higher priced sales mix and growth in backings, label and certain filtration products. These items were partly offset by unfavorable currency exchange effects and lower volumes for transportation filtration, where capacity is temporarily constrained until products are qualified on the new U.S. asset. On a constant currency basis, net sales increased 2.2%.