* Q4 adj EPS $0.14 vs est of $0.12
* Revenue down 7 percent
Feb 8 Wausau Paper Corp WPP.N reported a
better-than-expected quarterly profit, helped partly by cost
reduction measures, but forecast lower first-quarter earnings.
The company is facing a much more difficult input cost
environment this year, Chief Executive Thomas Howatt said in a
The company expects first-quarter profit to be "modestly
below" the 7 cents a share it earned last year.
Analysts on average were looking for earnings of 9 cents a
share, according to Thomson Reuters I/B/E/S.
For the fourth quarter, the paper maker's net income was
$9.2 million, or 19 cents a share, compared with a net loss of
$1.8 million, or 4 cents a share, a year earlier.
Excluding items, it earned 14 cents a share.
Net sales fell 7 percent to $257.8 million.
Analysts were expecting the company to earn 12 cents a
share, before items, on revenue of $246.1 million.
In 2009, the company unveiled a slew of cost-cutting
measures, including the permanent closure of its remaining
paper machine in Maine, a 7 percent reduction in its salaried
workforce and the suspension of its dividend payout.
Shares of Mosinee, Wisconsin-based Wausau closed at $9.10
Monday on the New York Stock Exchange.
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(Reporting by Arundhati Ramanathan in Bangalore; Editing by