Schweitzer-Mauduit Inc. Reports 4% Decline In Q3 Bottom Line

(RTTNews) - Schweitzer-Mauduit Inc. (SWM) reported earnings for third quarter that fell from last year.

The company said its bottom line fell to $27.2 million, or $0.89 per share. This was lower than $28.3 million, or $0.94 per share, in last year's third quarter.

Analysts had expected the company to earn $0.94 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.7% to $184.4 million. This was down from $204.3 million last year.

Schweitzer-Mauduit Inc. earnings at a glance:

-Earnings (Q3): $27.2 Mln. vs. $28.3 Mln. last year. -Earnings Decline (Y-o-Y): -3.9% -EPS (Q3): $0.89 vs. $0.94 last year. -EPS Decline (Y-o-Y): -5.3% -Analysts Estimate: $0.94 -Revenue (Q3): $184.4 Mln vs. $204.3 Mln last year. -Revenue Change (Y-o-Y): -9.7%

-Guidance: Full year EPS guidance: $3.50