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Wausau Paper Corp. (NYSE:WPP) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1%.
Wausau Paper Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.05 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Decreased 24.49% to $190.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wausau Paper Corp. reported adjusted EPS loss of $-0.05 per share. By that measure, the company missed the mean analyst estimate of $0.04. It missed the average revenue estimate of $200.88 million.
Quoting Management: Henry C. Newell, president and CEO, stated, “Over the last 18 months we have focused on generating cash to fund our $220 million Tissue expansion, constructing a new tissue machine and upgrading our converting infrastructure while maintaining a conservative approach to working capital and the overall balance sheet. This investment is about to begin delivering significant value and our expectations are high as we build momentum and deliver new premium recycled tissue products later this year. We are also taking the appropriate actions in our Paper segment to explore alternatives for this business and to evaluate our near-term options for our Brainerd operations.”
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