Neenah Sales Down 7% in Second Quarter - Modern Distribution Management

Neenah Sales Down 7% in Second Quarter

Technical products sales decreased 5% during the quarter.

Neenah Paper Inc. (NYSE: NP), Alphareta, Georgia, reported sales for the second quarter of $253.4 million, a decrease of 7% compared to the same period a year ago. Profit was $13.6 million, compared to a loss of $4.8 million during the second quarter of 2018.

The Technical Products segment reported quarterly sales of $146.4 million down 5% from the prior year, and down 2% on a constant currency basis. 

Sales for the first six months fell 8.3% to $493.1 million. Profit was $25.4 million, compared to $11.4 million during the same period in 2018.

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