Last $41.82 USD
Change Today -0.49 / -1.16%
Volume 112.1K
SWM On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

schweitzer-mauduit intl inc (SWM) Snapshot

Open
$42.19
Previous Close
$42.31
Day High
$42.19
Day Low
$41.56
52 Week High
10/29/13 - $63.53
52 Week Low
04/11/14 - $38.88
Market Cap
1.3B
Average Volume 10 Days
194.7K
EPS TTM
$3.60
Shares Outstanding
30.5M
EX-Date
05/20/14
P/E TM
11.6x
Dividend
$1.44
Dividend Yield
3.30%
Current Stock Chart for SCHWEITZER-MAUDUIT INTL INC (SWM)

schweitzer-mauduit intl inc (SWM) Related Businessweek News

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schweitzer-mauduit intl inc (SWM) Details

Schweitzer-Mauduit International, Inc., together with its subsidiaries, manufactures and sells paper and reconstituted tobacco products to the tobacco industry worldwide. The company operates in three segments: Paper, Reconstituted Tobacco, and Filtration. The Paper segment produces and sells cigarette papers, such as cigarette, plug wrap, and base tipping papers used to wrap various parts of a cigarette. This segment also offers commercial and industrial products, including lightweight printing and writing papers, battery separator papers, drinking straw wraps, filter papers, and other specialized papers. The Reconstituted Tobacco segment produces reconstituted tobacco leaf, and wrapper and binder products for cigarette and cigar manufacturers. The Filtration segment produces thermoplastic nets, nonwovens, laminates, and extruded components used in various industries and markets, including liquid, air and water filtration, automotive, aerospace, healthcare, industrial, food, and electronics. Schweitzer-Mauduit International, Inc. was founded in 1995 and is headquartered in Alpharetta, Georgia.

3,000 Employees
Last Reported Date: 02/28/14
Founded in 1995

schweitzer-mauduit intl inc (SWM) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $780.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $345.1K
Chief Operating Officer
Total Annual Compensation: $398.4K
Executive Vice President of Reconstituted Tob...
Total Annual Compensation: $460.8K
General Counsel and Secretary
Total Annual Compensation: $396.3K
Compensation as of Fiscal Year 2013.

schweitzer-mauduit intl inc (SWM) Key Developments

Schweitzer-Mauduit International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Schweitzer-Mauduit International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, he company reported net sales of $204.7 million, including newly-acquired DelStar Inc., increased 5.2% versus the prior-year quarter. Net Income from continuing operations was $23.2 million, down from $30.7 million in the prior-year quarter. Adjusted net income from continuing operations which excludes non-cash purchase accounting adjustments from the DelStar acquisition was $26.1 million, down from $31.7 million in the prior-year quarter. Adjusted diluted earnings per share from continuing operations was $0.84, versus $1.01 in the prior-year quarter. Earnings per share from continuing operations was $0.75 versus $0.98 in the prior-year quarter. Adjusted operating profit from continuing operations, which excludes non-cash purchase accounting adjustments from the DelStar acquisition, was $37.3 million in the quarter ended March 31, 2014, versus $43.3 million in the prior-year quarter. The key drivers of this decline were lower tobacco-related volumes, the initial impact of LIP pricing concessions offered in exchange for favorable share commitments and contract extensions, and reduced fixed cost absorption, which were offset in part by DelStar's financial contribution and gains in non-tobacco paper products. Operating cash from continuing operations was $18.6 million for the three months ended March 31, 2014, compared with $40.0 million in the prior year. Contributing to the decrease were normal fluctuations in working capital items, such as accounts receivable and the timing of certain tax payments, and lower net income. Debt, net of cash, at March 31, 2014 was $169.7 million, compared to $113.4 million at December 31, 2013. The increase in net debt was primarily due to the execution of the $50 million stock buyback program. Capital spending was $8.1 million and $5.6 million during the quarters ended March 31, 2014 and 2013, respectively. Operating cash flow from continuing operations for the first quarter was nearly $19 million. For 2014, capital spending is expected to be approximately $30 million, including capital spending relating to the operations of DelStar. Due to legal entity realignment activities, the effective tax rate is expected to decline through the remainder of 2014. The company expects effective rate for the year to be in the mid-to-high 20% range. The company expects working capital to normalize throughout 2014.

Schweitzer-Mauduit International, Inc. Announces Quarterly Cash Dividend, Payable on June 26, 2014

Schweitzer-Mauduit International Inc. announced a quarterly cash dividend of $0.36 per share will be payable on June 26, 2014 to stockholders of record on May 22, 2014.

Schweitzer-Mauduit International Inc. to Report Q1, 2014 Results on May 07, 2014

Schweitzer-Mauduit International Inc. announced that they will report Q1, 2014 results After-Market on May 07, 2014

 

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Industry Analysis

SWM

Industry Average

Valuation SWM Industry Range
Price/Earnings 18.5x
Price/Sales 1.6x
Price/Book 2.4x
Price/Cash Flow 18.4x
TEV/Sales 0.7x
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