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SWM Announces Fourth Quarter and Full Year 2020 Results Full Year Sales and Cash Flow Growth Despite COVID-19 Challenges

Schweitzer-Mauduit International, Inc. (SWM) 
Last schweitzer-mauduit international, inc. earnings: 2/20 04:27 pm Check Earnings Report
Company Research Source: GlobeNewswire
ALPHARETTA, Ga., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE: SWM) reported earnings results for the three months and year ended December 31, 2020. Adjusted measures are reconciled to GAAP at the end of this release.  Financial and operating comparisons are versus the prior year period and are from continuing operations.  Figures may not sum to total due to rounding.  Definitions: Advanced Materials & Structures (AMS), Engineered Papers (EP), "organic" - excluding acquisition benefit, "Tekra" - Tekra and Trient acquisition that closed in March 2020 Full Year 2020 Financial Results Summary Excellent performance in EP segment, resilience in AMS with key markets demonstrating strong growth in fourth quarter, finished 2020 with healthy balance sheet and very strong cash flowTotal sales were $1,074.4 million, up 5.0%GAAP operating profit was $128.8 million, or 12.0% of sales, down 4%; Adjusted operating pro Show less Read more
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