The 2020 Mid-Year Economic Update_long

Neenah Paper Sales Up 5.6% in 1Q

Profit decreases 10.2 percent year-over-year.

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.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.