Wausau Paper Sales Up 8.6% in 1Q - Modern Distribution Management

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Wausau Paper Sales Up 8.6% in 1Q

Company reports profit of $0.4 million, up from $4.9 million loss a year ago.
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Paper products manufacturer Wausau Paper (NYSE: WPP), Mosinee, WI, reported sales for the first quarter of $84.2 million, down 8.6 percent year-over-year. Wausau reported a profit of $0.4 million, up from loss of $4.9 million in the first quarter of 2014.

"The strong performance of our ATMOS-based DublNature and Artisan products and the response of our MEI teams to uncover and implement cost reduction projects and to drive margin improvement give us great confidence in achieving our targeted run rate EBITDA improvement of $30 million by the end of June 2016," said CEO Michael Burandt.

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