Schweitzer-Mauduit: 2Q Earnings Snapshot
Posted Aug 5, 2020 08:44:09 PM.
Last Updated Aug 5, 2020 08:54:36 PM.
This article is more than 5 years old.
ALPHARETTA, Ga. (AP) _ Schweitzer-Mauduit International Inc. (SWM) on Wednesday reported second-quarter profit of $21.5 million.
The Alpharetta, Georgia-based company said it had profit of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 90 cents per share.
The paper and reconstituted tobacco company posted revenue of $254.2 million in the period.
Schweitzer-Mauduit shares have declined 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.41, decreasing slightly in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWM at https://www.zacks.com/ap/SWM
The Associated Press
