Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $39.76 USD
Change Today -0.33 / -0.82%
Volume 72.0K
SWM On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

schweitzer-mauduit intl inc (SWM) Key Developments

Schweitzer-Mauduit International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

Schweitzer-Mauduit International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total consolidated net sales of $188.0 million against $204.7 million for the same period a year ago. Total consolidated operating profit was $22.5 million against $33.1 million for the same period a year ago. Compared to the prior year period, the company was impacted by $1.9 million from unfavorable net currency movements, as well as unfavorable mix of tobacco paper products sold, lower LIP pricing, and integration expenses and growth investments in the Filtration segment. Total consolidated adjusted operating profit from continuing operations was $28.0 million against $37.3 million for the same period a year ago. Net income from continuing operations was $18.8 million against $23.2 million for the same period a year ago. Adjusted net income from continuing operations was $22.5 million against $26.1 million for the same period a year ago. Net income per diluted share was $0.61 against $0.75 for the same period a year ago. Adjusted diluted earnings per share from continuing operations were $0.74 against $0.84 for the same period a year ago. The Adjusted Diluted EPS from Continuing Operations excludes restructuring expenses, purchase accounting adjustments related to acquisitions and start-up expenses related to CTS. Adjusted EBITDA from continuing operations was $39.7 against $48.0 for the same period a year ago. Cash provided by operating activities of continuing operations was $11.2 million against $18.6 million for the same period a year ago. Capital spending was $5.2 million against $8.4 million for the same period a year ago. Capitalized software costs were $0.2 million against $0.1 million for the same period a year ago. Free cash flow from continuing operations was $5.8 million against $10.4 million for the same period a year ago. Net debt as at March 31, 2015 was $175.5 million against $149.8 million as at December 31, 2014. First quarter net sales decreased 8.2% versus the prior year quarter, but are estimated to have increased 0.5% absent adverse currency impacts, as diversification activities continue to stabilize top-line results, excluding the late-2014 strategic acquisitions, first quarter net sales would have decreased 11.6%. The company provided earnings guidance for the year 2015. The company expects diluted earnings per share from continuing operations of $3.17 and adjusted diluted earnings per share from continuing operations of $3.50. The company expects purchase accounting intangible asset amortization per share of $0.09 and purchase accounting inventory step-up amortization per share of $0.04. The company continues to expect the effective annual tax rate for 2015 to be in the low 20% range. The company announced that it remain confident in the $0.16 expected adjusted EPS benefit for 2015. For the full year, the company continue to expect a tax rate in the low 20% range.

Schweitzer-Mauduit International Inc. Declares Quarterly Cash Dividend, Payable on June 26, 2015

Schweitzer-Mauduit International Inc. announced that a quarterly cash dividend of $0.38 per share will be payable on June 26, 2015 to stockholders of record on May 22, 2015.

Schweitzer-Mauduit International Inc. to Report Q1, 2015 Results on May 06, 2015

Schweitzer-Mauduit International Inc. announced that they will report Q1, 2015 results After-Market on May 06, 2015

Schweitzer-Mauduit International Inc., Q1 2015 Earnings Call, May 07, 2015

Schweitzer-Mauduit International Inc., Q1 2015 Earnings Call, May 07, 2015

Schweitzer-Mauduit International, Inc. Announces Management Changes

Schweitzer-Mauduit International Inc. announced that Jeffrey A. Cook, the company's Executive Vice President, Chief Financial Officer and Treasurer, will retire from the company effective April 3, 2015. In the interim, Bob Cardin, the company's Controller, will assume the role of acting Chief Financial Officer and report to Frederic Villoutreix, the company's Chief Executive Officer. In addition, Stephen Dunmead, the company's Chief Operating Officer, will resign from the company to pursue other opportunities effective April 15, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SWM:US $39.76 USD -0.33

SWM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Huabao International Holdings Ltd $4.02 HKD -0.25
Neenah Paper Inc $58.02 USD -1.28
OMNOVA Solutions Inc $7.47 USD -0.03
Potlatch Corp $35.64 USD +0.13
Wausau Paper Corp $9.16 USD -0.15
View Industry Companies
 

Industry Analysis

SWM

Industry Average

Valuation SWM Industry Range
Price/Earnings 14.2x
Price/Sales 1.5x
Price/Book 2.8x
Price/Cash Flow 14.2x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SCHWEITZER-MAUDUIT INTL INC, please visit . 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.