3Q net sales, reflecting some pressure from SKU rationalization programs, were $95.4 million, flat compared with the 3Q 2014. On a year-to-date basis, net sales rose approximately 3.2% to $270.5 million compared to $262.1 million in 2014.
Michael C. Burandt, CEO, commented, “Our quarterly results continue to reflect the above-market demand growth of our premium product lines, as the positive market response to these differentiated products continues to drive mix enhancement and higher margins. We remain very pleased with the systematic improvement being driven throughout our business as a result of our Margin Enhancement Initiative (“MEI”). During the year, we have eliminated 73 SKU’s from our product offering and have realized continuous improvement in our manufacturing, converting and distribution operations. Combined, these efforts, as well as others, have resulted in a third quarter gross profit margin of 19.9%, a nearly 4 percentage point improvement over the prior year’s gross profit margin.”
Wausau Paper produces and markets a complete line of away-from-home towel and tissue products, as well as soap and dispensing systems.