Schweitzer-Mauduit International Earnings: Everything You Must Know Now

Schweitzer-Mauduit International Inc. (NYSE:SWM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Schweitzer-Mauduit International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 15.85% to $0.95 in the quarter versus EPS of $0.82 in the year-earlier quarter.

Revenue: Decreased 1.16% to $196.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Schweitzer-Mauduit International Inc. reported adjusted EPS income of $0.95 per share. By that measure, the company beat the mean analyst estimate of $0.88. It beat the average revenue estimate of $191.89 million.

Quoting Management: Frederic Villoutreix, Chairman of the Board and Chief Executive Officer, commented, “We had solid second quarter 2013 operating performance and our Adjusted Diluted Earnings Per Share from Continuing Operations of $0.95 slightly exceeded our expectations. Our paper business showed resilience in a challenging tobacco environment; while many of our customers are reporting mid-single digit volume declines, SWM tobacco paper volume grew during the second quarter. We attribute these results to our close relationships with our customers and our value-adding products. Reconstituted Tobacco unit volumes declined slightly from the second quarter last year; however, the decline was significantly less than what we experienced in the first quarter of 2013. Nevertheless, RT segment volume is tracking slightly below our expectations due to the higher than anticipated cigarette smoking attrition rates, and we now expect 2013 RT segment volume to be somewhat lower than 2012.”

Key Stats (on next page)…

EPS decreased 5.94% from $1.01 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.99 to a profit $0.96. For the current year, the average estimate has moved up from a profit of $3.74 to a profit of $3.84 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)