Welcome to our dedicated page for SWM news (Ticker: SWM), a resource for investors and traders seeking the latest updates and insights on SWM stock.
The SWM (Schweitzer-Mauduit International, Inc.) news archive on this page primarily covers the period leading up to and surrounding its merger of equals with Neenah, Inc., as well as corporate communications that illustrate its role in the specialty and performance materials industry. These items provide historical context for how SWM operated and how it helped form the combined company now known as Mativ, Inc. (traded on the NYSE under MATV).
News releases include merger-related announcements describing the agreement between SWM and Neenah to create a global specialty materials company and the decision to adopt the Mativ name and MATV ticker, with the SWM symbol being deactivated. Other articles highlight SWM’s participation in investor conferences, quarterly earnings communications, and strategic collaborations in advanced materials, such as its co-development work with UbiQD, Inc. on quantum dot glass interlayers for electricity-producing windows.
Because SWM’s listing transitioned into the Mativ structure, more recent communications about the combined business appear under the Mativ name. For example, later board appointment news from Mativ references a former SWM director, underscoring the continuity between the legacy SWM entity and the current company.
Investors and researchers can use this news archive to review SWM’s historical earnings commentary, strategic initiatives, and the steps that led to the formation of Mativ. For ongoing developments related to the business that originated from SWM, readers should consult news and disclosures issued under the Mativ (MATV) ticker.
Schweitzer-Mauduit International, Inc. (SWM) has announced a cash offer to acquire Scapa Group, Plc for £402.9 million ($551.9 million). This acquisition is expected to significantly enhance SWM's capabilities in performance materials, particularly in the healthcare sector, where Scapa had FY2020 revenue of £320.6 million ($407.1 million). The transaction, anticipated to close in Q2 2021, should provide SWM with greater market reach and innovative solutions, advancing its growth strategy as 65% of combined revenues will come from expanding end-markets.
The board of AMS Holdco 2 Limited, a subsidiary of Schweitzer-Mauduit International, has agreed on a cash offer to acquire Scapa Group for 210 pence per share, valuing the company at £402.9 million. This offer represents a 58.5% premium over Scapa's six-month average price. The transaction, aimed at enhancing SWM's capabilities in healthcare and industrial markets, is expected to yield $1.5 billion in annual revenue. The Scapa Board recommends the offer, highlighting it as fair and beneficial for stakeholders amid ongoing market uncertainties.
On November 4, 2020, Schweitzer-Mauduit International (SWM) reported its third quarter earnings, reflecting a 9% increase in total sales to $279.3 million. Adjusted operating profit rose 26% to $52.7 million, while adjusted EPS increased 15% to $1.16. GAAP EPS was $0.78, a 13% decline due to restructuring costs. The Engineered Papers segment showed strong performance with sales up 8%, while Advanced Materials & Structures faced challenges with an 8% organic sales drop. Despite COVID-19 impacts, the company is optimistic about future growth, with operating cash flow reaching $107.5 million year-to-date.
Schweitzer-Mauduit International, Inc. (NYSE: SWM) will announce its third quarter 2020 results post-market on November 4, 2020, followed by a conference call on November 5, 2020, at 8:30 a.m. ET. The call will be accessible via the company's website, with a presentation available in advance. Participants can join the call using specific dialing numbers, and a replay will be available shortly thereafter. Investors are encouraged to register early to ensure a smooth experience.
Schweitzer-Mauduit International, Inc. (NYSE: SWM) will announce its third quarter 2020 results after market close on November 4, 2020. A conference call to discuss these results is scheduled for November 5, 2020, at 8:30 a.m. ET. Participants can access the presentation on the company’s website before the call and participate in a live broadcast. For those unable to attend the live session, a replay will be available shortly after the call. Interested parties can join by phone or listen online with appropriate software.
SWM International is increasing production of its Alphastar™ Electrostatic Media at its North Carolina facility due to a more than double increase in customer demand driven by the COVID-19 pandemic. This product is crucial for HVAC air filtration, including MERV 13 filters. The company has expanded its workforce and is evaluating further production enhancements to meet ongoing demand. SWM's proprietary fiber blend in Alphastar media makes it effective for diverse air filtration applications, including N95 masks and ventilators.
SWM International (NYSE: SWM) is increasing production of its Alphastar™ Electrostatic Media at its Wilson, North Carolina facility to meet over double the customer demand spurred by the COVID-19 pandemic. This product is essential for HVAC air filtration, particularly in MERV 13 rated filters. The company is adding workforce and evaluating further production enhancements. Demand is expected to remain strong as customers upgrade filtration systems per CDC and ASHRAE recommendations. Alphastar media is also used in medical devices such as N95 masks and ventilators.
Schweitzer-Mauduit International (SWM) reported a 6% decline in total sales for Q2 2020, totaling $254.2 million, impacted by COVID-19. Operating profit decreased 22% to $34.4 million, while adjusted EPS fell 15% to $0.90. The Advanced Materials & Structures segment saw organic sales drop 15%, yet medical sales surged due to high demand for facemask materials. Despite challenges, the company generated high cash flow, reducing debt by nearly $90 million. A quarterly dividend of $0.44 per share was announced, payable on September 18, 2020, demonstrating ongoing commitment to shareholders.
Schweitzer-Mauduit International, Inc. (NYSE: SWM) is set to announce its second quarter 2020 earnings after market close on August 5, 2020. A conference call will be held on August 6, 2020, at 9:30 a.m. Eastern Time to discuss the results. The presentation for the call will be available on the company's website prior to the event. Participants can listen live via the internet and a replay will be available for 90 days post-call. This event marks an important financial update for investors.
Schweitzer-Mauduit International (SWM) will announce its second quarter 2020 results after market close on August 5, 2020. A conference call discussing these results is scheduled for August 6, 2020, at 9:30 a.m. ET. The call will be accessible through their website and participants can access a presentation accompanying the call. Interested individuals are encouraged to join the call live or listen to the replays available via the specified links. The company emphasizes the importance of early registration for the live event.