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3M Realigns Business Groups

3Q Sales for Wausau Paper Down 4.8%

Wausau Paper (NYSE: WPP), Mosinee, WI, reported third-quarter sales of $202.2 million, a decrease of 4.8 percent from the same period a year ago. The manufacturer reported a loss of $5.4 million, compared to a year-ago profit of $3.1 million.

For the first nine months, sales for Wausau Paper were $631.3 million, a 1.8 percent improvement year-over-year. Profit was $3.1 million for the first nine months, 55.4 percent lower than the same period a year earlier.

“Our Tissue expansion is on track as three to four percent case shipment growth continues to drive improving operating margins, now approaching 13 percent. The second half is proving to be a challenge for our Paper segment, as we see slowing demand in industrial and tape markets at a time when we are commercializing new technical capacity at our Brainerd, Minnesota, facility,” Henry C. Newell, president and CEO, said.

“Despite these pressures, technical volumes are up six percent this year and specifically, tape sector volume is up 14 percent,” Newell said.

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