ALPHARETTA, Ga. (AP) _ Schweitzer-Mauduit International Inc. (SWM) on Monday reported third-quarter profit of $27.7 million.
On a per-share basis, the Alpharetta, Georgia-based company said it had profit of 90 cents. Earnings, adjusted for non-recurring costs, were $1.01 per share.
The paper and reconstituted tobacco company posted revenue of $256.4 million in the period.
Schweitzer-Mauduit shares have increased 58% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.50, a climb of 18% in the last 12 months.