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Stock impact report

SWM ANNOUNCES FIRST QUARTER 2021 RESULTS

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 05, 2021 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three months and year ended March 31, 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), "organic" - pro forma for "Tekra" - Tekra and Trient acquisition that closed in March 2020. First Quarter 2021 Financial Results Summary 15% organic sales growth in AMS and strong margin performance across both segments drove positive consolidated resultsTotal sales were $288.2 million, up 10.2%GAAP operating profit was $33.5 million, or 11.6% of sales, down 2%; Adjusted operating profit was $45.3 million, or 15.7% of sales, up 14%GAAP EPS was $0.68, down 6%, reflected Scapa acquisition related expenses of $0.22 per share ac Show less Read more
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