05.03.19
Neenah’s consolidated net sales of $239.7 million in the first quarter of 2019 decreased 10% compared with $266.5 million in the first quarter of 2018. Lower revenues resulted from the divestiture of the Brattleboro mill in December 2018, unfavorable foreign currency effects in Technical Products, and lower volumes in both segments reflecting weaker global market conditions. These items were partly offset by increased selling prices in both segments and a more favorable Technical Products mix.
Technical Products net sales of $140 million in the first quarter decreased 9%, from $153.5 million in the prior year, and were down 5% on a constant currency basis. The revenue decline resulted from lower volumes due to weaker global market conditions and negative foreign currency impacts, partly offset by higher net selling prices and a higher value mix.
Technical Products net sales of $140 million in the first quarter decreased 9%, from $153.5 million in the prior year, and were down 5% on a constant currency basis. The revenue decline resulted from lower volumes due to weaker global market conditions and negative foreign currency impacts, partly offset by higher net selling prices and a higher value mix.