Net earnings for the quarter increased from $2.32 million in the year-ago quarter to $14.64 million, the release stated.
Earnings of 23 cents per share beat 13-cents-per-share expectations from analysts polled by Thompson Reuters
, the release noted.
Net sales for the three-month period declined from last year''s $312.16 million to the current $273.45 million, the release added.
According to the release, Wausau Paper expects adjusted net earnings in the range of 11 cents to 13 cents per share in the fiscal fourth-quarter.