SWM ANNOUNCES SECOND QUARTER 2016 RESULTS
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August 3, 2016 6:01 PM EDT
Schweitzer-Mauduit (NYSE: SWM) reported Q2 EPS of $0.93, $0.11 better than the analyst estimate of $0.82. Revenue for the quarter came in at $217.3 million versus the consensus estimate of $209.5 million.
Frederic Villoutreix, Chairman of the Board and Chief Executive Officer, commented "Second quarter financial performance reflected continued cigarette paper momentum, encouraging signs regarding the stabilization of DelStar's sales, and contributions from Argotec. These positive factors were partially offset by evolving challenges in the Chinese tobacco industry. While currency translation impact on second quarter earnings was neutral, political events such as Brexit provide uncertainty regarding potential... More
