Last $9.26 USD
Change Today +0.06 / 0.65%
Volume 188.7K
WPP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

wausau paper corp (WPP) Snapshot

Open
$9.21
Previous Close
$9.20
Day High
$9.29
Day Low
$9.18
52 Week High
02/4/14 - $14.04
52 Week Low
08/18/14 - $8.47
Market Cap
462.7M
Average Volume 10 Days
354.5K
EPS TTM
$-0.34
Shares Outstanding
50.0M
EX-Date
07/30/14
P/E TM
--
Dividend
$0.12
Dividend Yield
1.30%
Current Stock Chart for WAUSAU PAPER CORP (WPP)

wausau paper corp (WPP) Related Businessweek News

View More BusinessWeek News

wausau paper corp (WPP) Details

Wausau Paper Corp. manufactures, converts, and sells towel and tissue products primarily in the United States and Canada. The company offers paper towel and tissue products for the industrial and commercial away-from-home market, including washroom roll and folded towels; tissues products; towel, tissue, and soap dispensers; industrial wipers; dairy towels; household roll towels; and other towel and tissue products. Wausau Paper Corp. offers its products under the Bay West, DublSoft, EcoSoft, OptiCore, Revolution, and Dubl-Nature brands. The company sells its products to paper and sanitary supply distributors that serve factories and other commercial and industrial locations, health service facilities, office buildings, restaurants, theme parks, airports, and hotels. Wausau Paper Corp. was founded in 1899 and is headquartered in Mosinee, Wisconsin.

wausau paper corp (WPP) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: $300.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $300.3K
Vice President Engineering & Expansion
Total Annual Compensation: $309.0K
Compensation as of Fiscal Year 2013.

wausau paper corp (WPP) Key Developments

Wausau Paper Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Wausau Paper Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $89,214,000 against $87,623,000 a year ago. Operating loss was $3,498,000 against $810,000 a year ago. Loss from continuing operations before income taxes was $5,929,000 against $3,340,000 a year ago. Loss from continuing operations was $3,721,000 or $0.07 per basic and diluted share against $14,595,000 or $0.30 per basic and diluted share a year ago. Net loss was $3,828,000 or $0.08 per basic and diluted share against $54,826,000 or $1.11 per basic and diluted share a year ago. EBITDA was $6,808,000 against $9,222,000 a year ago. Adjusted EBITDA was $9,882,000 against $8,829,000 a year ago. Adjusted net loss was $1,754,000 or $0.04 per basic and diluted share against $2,428,000 or $0.05 per basic and diluted share a year ago. For the six months period, the company reported net sales of $166,721,000 against $165,817,000 a year ago. Operating loss was $8,156,000 against $4,619,000 a year ago. Loss from continuing operations before income taxes was $12,732,000 against $9,492,000 a year ago. Loss from continuing operations was $8,167,000 or $0.16 per basic and diluted share against $18,327,000 or $0.37 per basic and diluted share a year ago. Net loss was $8,728,000 or $0.17 per basic and diluted share against $84,431,000 or $1.71 per basic and diluted share a year ago. Net cash used in operating activities was $5,682,000 against net cash provided by operating activities of $4,861,000 a year ago. Capital expenditures were $8,982,000 against $19,465,000 a year ago. EBITDA was $12,439,000 against $15,153,000 a year ago. Adjusted EBITDA was $15,513,000 against $14,760,000 a year ago. Adjusted net loss was $6,200,000 or $0.12 per basic and diluted share against $6,160,000 or $0.12 per basic and diluted share a year ago. The company expects adjusted EBITDA for the third quarter of 2014 to be between $10 and $11 million.

Wausau Paper Corp. Enters Credit Agreements

On July 30, 2014, Wausau Paper Corp., as borrower, entered into the following credit agreements: A credit agreement with the company as Borrower; the company's wholly-owned subsidiaries as guarantors; Bank of America, N.A., as administrative agent; certain lenders party to the credit agreement; and Merrill Lynch, Pierce, Fenner & Smith Incorporated and BMO Capital Markets, as joint lead arrangers and joint bookrunners (joint lead arrangers and joint bookrunners) (term loan credit agreement). A credit agreement with the company and each of its subsidiaries as borrowers, Bank of America, as Agent, certain lenders party to the credit agreement, and the joint lead arrangers and joint bookrunners (ABL Credit Agreement). The term loan credit agreement provided for a $175 million term loan and the ABL Credit Agreement provided for a $50 million revolving credit facility. The term loan credit agreement and ABL Credit agreement contain customary events of default, representations and warranties, and affirmative and negative covenants. In connection with entry into the term loan credit agreement and the ABL Credit Agreement, the company and each of wholly-owned subsidiaries entered into pledge and security agreements with Bank of America as collateral agent, pledging substantially all of their assets as collateral. On July 30, 2014, in connection with the company's entry into the term loan credit agreement and the ABL Credit agreement, the company terminated its credit agreement with Bank of America, BMO Harris Bank National Association (f/k/a M&I Marshall & Ilsley Bank), Northwest Farm Credit Services, PCA, and 1 Farm Credit Services, which had provided the company with a revolving credit facility. In addition, the company terminated its note purchase and private shelf agreement with Prudential Investment Management Inc., and certain other note holders (shelf agreement). The company used the proceeds from the loans extended under the new Term loan credit agreement to pay off, in their entirety, the outstanding notes held under the terms of the shelf agreement. In connection with the early payment of the notes, the company paid accrued interest and make-whole payments totaling approximately $14.4 million to the various note holders.

Wausau Paper Corp. to Report Q2, 2014 Results on Aug 07, 2014

Wausau Paper Corp. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 07, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WPP:US $9.26 USD +0.06

WPP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for WPP.
View Industry Companies
 

Industry Analysis

WPP

Industry Average

Valuation WPP Industry Range
No financial data is available for WPP.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WAUSAU PAPER CORP, please visit www.wausaupaper.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.