02.19.20
Neenah’s consolidated net sales of $213.6 million in the fourth quarter of 2019 decreased 11% compared with $240.9 million in the prior year. Revenues declined 5% in Technical Products and 15% in Fine Paper & Packaging. The decrease resulted from lower volumes, including the divestiture of the Brattleboro mill, and unfavorable currency effects. These were partially offset by increased selling prices and a higher-value Technical Products sales mix.
Technical Products net sales of $123.5 million in the fourth quarter of 2019 decreased 7% compared with prior year sales of $133.5 million. Revenues decreased due to volume declines, primarily due to lower backings sales in Asia, and negative foreign currency impacts. These items were partially offset by increased selling prices and a higher value mix.
For the full year 2019, consolidated net sales of $938.5 million in 2019 were 9% lower than the prior year. The decrease resulted from lower volumes, including the divestiture of the Brattleboro mill, and unfavorable currency effects. These were partially offset by increased selling prices and a higher-value Technical Products sales mix. Technical Products revenues declined 7% while Fine Paper & Packaging revenues fell 11%, approximately half of which was due to the sale of the Brattleboro mill.
Technical Products net sales of $123.5 million in the fourth quarter of 2019 decreased 7% compared with prior year sales of $133.5 million. Revenues decreased due to volume declines, primarily due to lower backings sales in Asia, and negative foreign currency impacts. These items were partially offset by increased selling prices and a higher value mix.
For the full year 2019, consolidated net sales of $938.5 million in 2019 were 9% lower than the prior year. The decrease resulted from lower volumes, including the divestiture of the Brattleboro mill, and unfavorable currency effects. These were partially offset by increased selling prices and a higher-value Technical Products sales mix. Technical Products revenues declined 7% while Fine Paper & Packaging revenues fell 11%, approximately half of which was due to the sale of the Brattleboro mill.