Wausau Paper Announces First-Quarter Results
Wausau Paper (NYSE:WPP) today reported that: First-quarter net losses were $0.03 per share compared to net earnings of $0.06 per share a year ago. Excluding special items, first-quarter adjusted net earnings were $0.03 per share compared to $0.08 per share last year, reflecting higher fiber costs and weather-related order weakness. The Paper segment completed a $27 million paper machine rebuild, solidifying its leadership position in the growing global tape market.