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Neenah Posts Sales Increase

Higher revenues driven by volume increases in Technical Products segment

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Neenah’s consolidated net sales increased 5% to $245.1 million in the third quarter of 2017 compared with $232.9 million in the third quarter of 2016. Higher revenues were primarily due to volume-driven increases in Technical Products, as well as favorable currency effects and modest growth in Fine Paper and Packaging due to higher average selling prices. On a constant currency basis, consolidated net sales grew 4%.

Technical Products net sales of $125.9 million increased 10%, from $114.1 million in the prior year. Revenue growth resulted from increased volumes for backings, label and filtration, as well as higher average selling prices and favorable currency exchange effects due to a stronger euro. On a constant currency basis, net sales increased 8%.

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