logo
  Join        Login             Stock Quote

Wausau Paper (WPP) Slips To 4Q Loss On Higher Costs, Expenses

 February 11, 2013 11:55 AM
 


(By Balaseshan) Wausau Paper Corp. (NYSE: WPP), which manufactures paper and paper products, reported a loss from continuing operations due to lower sales as well as higher costs and expenses. Results missed Street's expectations.

"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," said Henry Newell, president and CEO.

Loss from continuing operations for the fourth quarter was $2.33 million or $0.05 per share, compared to a profit of $24.92 million or $0.50 per share last year. Adjusted loss per share was $0.03 versus earnings of $0.05 per share in the previous year quarter.

[Related -Stocks End Mixed On Spain Worries; Metropcs Communications (PCS) Jumps]

Net sales decreased to $190.87 million from $203.03 million.

Analysts, on average, polled by Thomson Reuters had expected a profit of $0.04 per share on revenue of $200.88 million for the fourth quarter.

The Tissue segment achieved 4.0% shipment growth, measured in cases, for the fourth quarter. Adjusted operating profit from the Tissue segment declined to $10.2 million from $10.4 million.

The Paper segment reported a fourth-quarter adjusted operating loss of $6.8 million, compared to a profit of $0.7 million last year.

The company said the Paper segment results reflect deteriorating second-half demand, addressed through market-related downtime, the fourth-quarter shutdown of converting operations at Brainerd as a result of the Paper segment's exit from the Print & Color business, and continued operational issues at Brainerd, which pressured fourth-quarter results.

[Related -Futures Trim Gains On Spain Concerns; Express (EXPR) Tumbles]

WPP is trading down 0.62% at $9.66 on Monday. The stock has been trading between $7.46 and $9.92 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageFour Stocks in the Dow Making Fresh 52 Week Lows

“What gets weak tends to get weaker; what gets strong tends to get read on...

article imageGreece And The Cemetery For Your Wealth

The Greek default is merely the opening act of the worst sovereign-debt crisis in history. By the time it read on...

article imageAll Signs Point To Higher Gold Prices

In the face of historic monetary stimulus from nearly every major central bank in the world over the past read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.