Henry C. Newell, president and CEO, commented, “Fourth-quarter earnings were consistent with our expectations with Tissue returning to double-digit margins and Paper segment profits pressured by print sector performance and reduced technical volumes. The sale of our remaining timberlands and ongoing exit of our participation in print & color markets narrow our focus to growth in profitable tissue and technical paper markets, significantly reduces execution risk and provides for a strong and flexible balance sheet to support our ongoing strategic investments.”Further commenting on 2012 Mr. Newell remarked, “2012 is about growth as we target tissue and technical market sales increases of 8 percent and 13 percent, respectively. In addition, we are focused on the fourth-quarter completion and start-up of our new towel and tissue machine at the Harrodsburg facility and our exit from print & color in a manner that delivers value for shareholders, protects long-standing customer relationships and treats our employees with the respect that they have earned.” Mr. Newell continued, “We are determined to deliver year-over-year earnings growth and expect first-quarter adjusted earnings in the range of $0.04-$0.07 per share.” Adjusted earnings in the first quarter of 2011 were $0.03 per share.
Wausau Paper Announces Fourth-Quarter, Year-End Financial Results
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