Paper products manufacturer Neenah Paper Inc. (NYSE: NP), Alpharetta, GA, reported sales for the first quarter of $225.1 million, a 5.6 percent increase year-over-year. Profit was down 10.2 percent to $13.2 million.
"We started the year very well, as our global technical products business delivered a record quarter anchored by strong volume growth across all product groups and improved manufacturing performance," said CEO John O'Donnell.
Technical product segment sales increased 9.8 percent year-over-year to $117.5 million. Fine paper sales increased 2.1 percent to $101.5 million. Other sales were $6.1 million, down 10.3 percent.