SWM ANNOUNCES THIRD QUARTER 2019 RESULTS
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Schweitzer-Mauduit (SWM) Tops Q3 EPS by 18c
November 4, 2019 4:30 PM ESTSchweitzer-Mauduit (NYSE: SWM) reported Q3 EPS of $1.01, $0.18 better than the analyst estimate of $0.83. Revenue for the quarter came in at $256.4 million versus the consensus estimate of $258.38 million.
Third Quarter 2019 Financial Results Summary
Total sales were $256.4 million, down 2%, and flat excluding currency impactGAAP operating profit was $34.6 million, or 13.5% of sales, up 11%Adjusted operating profit was $41.9 million, or 16.3% of sales, up 14%GAAP EPS was $0.90, down from $1.33; prior year quarter included $0.68 of one-time benefitsAdjusted EPS was $1.01, up 29%Third Quarter 2019 Business Highlights
AMS segment sales increased 4%, or 5% absent... More