AP NEWS

Schweitzer-Mauduit: 3Q Earnings Snapshot

November 8, 2018

ALPHARETTA, Ga. (AP) _ Schweitzer-Mauduit International Inc. (SWM) on Wednesday reported third-quarter net income of $41 million.

The Alpharetta, Georgia-based company said it had net income of $1.33 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were 77 cents per share.

The paper and reconstituted tobacco company posted revenue of $260.3 million in the period.

Schweitzer-Mauduit expects full-year earnings in the range of $3.30 to $3.45 per share.

Schweitzer-Mauduit shares have fallen 28 percent since the beginning of the year. The stock has decreased 25 percent 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

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