The 2020 Mid-Year Economic Update_long

Wausau Paper Sales Down 1% in 1Q

Company reports a loss of $4.9 million in first quarter.

Paper products manufacturer Wausau Paper (NYSE: WPP), Mosinee, WI, reported sales for the first quarter of $77.5 million, down 1 percent year-over-year. Wausau reported a loss of $4.9 million for the quarter, compared to a loss of $29.6 million in the first quarter of 2013.

“Our results for the first quarter were clearly not satisfactory and while some impacts were not within the company’s control, we need to execute better on our strategy," said CEO Michael Burandt. "We remain confident in our longer term growth, particularly with the strong performance of our DublNature premium product and the potential of the new Artisan product line, which will be launched in the second quarter.”

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