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Stock impact report

SWM ANNOUNCES FIRST QUARTER 2022 RESULTS AND AFFIRMS FULL YEAR 2022 FINANCIAL OUTLOOK

Schweitzer-Mauduit International, Inc. (SWM) 
Last schweitzer-mauduit international, inc. earnings: 2/20 04:27 pm Check Earnings Report
Company Research Source: GlobeNewswire
Alpharetta, May 04, 2022 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three months ended March 31, 2022. Adjusted measures are reconciled to GAAP at the end of this release. Financial and operating comparisons are versus the prior year period unless stated otherwise. Figures may not sum to total due to rounding. Definitions: Advanced Materials & Structures (AMS), Engineered Papers (EP), "organic" - excludes Scapa acquisition that closed in April 2021 and certain AMS sales related to assets classified as held-for-sale. First Quarter 2022 Highlights Sales increased 41% to $406.8 million; organic sales growth of 5% on top of strong prior year quarter, pricing actions effective and sales momentum expected to continueGAAP EPS of $0.05, down from $0.68; Adjusted EPS of $0.89, versus $1.02Adjusted EPS in line with management's expectations; project sequential increases in coming quartersCompany a Show less Read more
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