Schweitzer-Mauduit Inc. Reports 4% Fall In Q2 Profit

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

The company said its profit declined to $28.5 million, or $0.93 per share. This was down from $29.7 million, or $0.97 per share, in last year's second quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.5% to $217.3 million. This was up from $181.9 million last year.

Schweitzer-Mauduit Inc. earnings at a glance:

-Earnings (Q2): $28.5 Mln. vs. $29.7 Mln. last year. -Earnings Decline (Y-o-Y): -4.0% -EPS (Q2): $0.93 vs. $0.97 last year. -EPS Decline (Y-o-Y): -4.1% -Analysts Estimate: $0.82 -Revenue (Q2): $217.3 Mln vs. $181.9 Mln last year. -Revenue Change (Y-o-Y): 19.5%

-Guidance: Full year EPS guidance: $3.15