The 10-second takeaway
For the quarter ended June 30 (Q2), Wausau Paper whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share dropped to a loss. GAAP loss per share grew.
Margins shrank across the board.
Wausau Paper reported revenue of $87.6 million. The three analysts polled by S&P Capital IQ foresaw net sales of $204.4 million on the same basis. GAAP reported sales were 59% lower than the prior-year quarter's $212.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at -$0.05. The four earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. Non-GAAP EPS were -$0.05 for Q2 versus $0.09 per share for the prior-year quarter. GAAP EPS were -$1.11 for Q2 against -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 11.2%, 90 basis points worse than the prior-year quarter. Operating margin was -0.9%, 290 basis points worse than the prior-year quarter. Net margin was -62.6%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $91.8 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $506.9 million. The average EPS estimate is $0.19.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wausau Paper is hold, with an average price target of $10.67.
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