SWM ANNOUNCES SECOND QUARTER 2021 RESULTS
Schweitzer-Mauduit International, Inc. (SWM)
Last schweitzer-mauduit international, inc. earnings: 2/20 04:27 pm
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US:NYSE Investor Relations:
schweitzermauduitinternationalinc.gcs-web.com/investor-overview
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Source: GlobeNewswire
Alpharetta, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three month and six month periods ended June 30, 2021. Adjusted measures are reconciled to GAAP at the end of this release. Financial and operating comparisons are versus the prior year period. Figures may not sum to total due to rounding. Definitions: Advanced Materials & Structures (AMS), Engineered Papers (EP), low ignition propensity (LIP), "organic" - pro forma for Tekra acquisition that closed in March 2020, and excludes benefit of Scapa acquisition in April 2021 Second Quarter 2021 Financial Results Summary Strong demand, highlighted by 18% organic sales growth in AMS and a 4% sales increase in EP; significant input cost inflation and supply chain challenges during the quarter; Scapa acquisition performing as expectedTotal sales were $377.8 million, up 48.6%, or up 11% on organic basisGAAP operating profit was
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