Neenah Paper has reported adjusted earnings from continuing operations of $0.74 per diluted common share in the first quarter of 2013 compared to adjusted earnings of $0.77 per share in the first quarter of 2012.
Net sales of $213.2 million in the first quarter of 2013 increased eight percent compared with the first quarter of 2012. Revenues increased in both segments, with growth in Fine Paper aided by additional volumes from acquired brands.
"As we started the year, we are seeing benefits from optimizing our expanded Fine Paper business and in Technical Products, while we knew it would be a challenge surpassing last year’s record earnings given the challenging conditions in Europe, we were able to grow our top line with higher volumes and an improved mix,” said John O’Donnell, Chief Executive Officer. “We are executing against our strategies, and given our competitive market positioning, solid balance sheet and cash flow generation abilities, we are well-positioned to take advantage of opportunities that can increase returns to our shareholders.”
