0001104659-05-032565.txt : 20050715 0001104659-05-032565.hdr.sgml : 20050715 20050715132527 ACCESSION NUMBER: 0001104659-05-032565 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050715 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050715 DATE AS OF CHANGE: 20050715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWEITZER MAUDUIT INTERNATIONAL INC CENTRAL INDEX KEY: 0001000623 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 621612879 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13948 FILM NUMBER: 05956631 BUSINESS ADDRESS: STREET 1: 100 NORTH POINT CENTER EAST STREET 2: SUITE 600 CITY: ALPHARETTA STATE: GA ZIP: 30022-8246 BUSINESS PHONE: 8005140186 MAIL ADDRESS: STREET 1: 100 NORTH POINT CENTER EAST STREET 2: SUITE 600 CITY: ALPHARETTA STATE: GA ZIP: 30022-8246 8-K 1 a05-12263_18k.htm 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

July 15, 2005

Date of Report (Date of earliest event reported)

SCHWEITZER-MAUDUIT INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

1-13948	Delaware	62-1612879
(Commission file number)	(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

100 North Point Center East, Suite 600 Atlanta, Georgia		30022
(Address of principal executive offices)		(Zip code)

1-800-514-0186

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act. (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act. (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. (17 CFR 240.13c-4©)

Item 2.02 Results of Operations and Financial Condition.

On July 15, 2005, we issued a Press Release announcing our expected earnings for the second quarter 2005 and full-year 2005 . The earnings release is attached hereto as Exhibit 99.1. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or the Exchange Act, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference to such filing.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

99.1		Press Release, dated July 15, 2005, of Schweitzer-Mauduit International, Inc., announcing its expected earnings for the second quarter 2005 and full-year 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Schweitzer-Mauduit International, Inc.


	By:	/s/ PAUL C. ROBERTS
		Paul C. Roberts
		Chief Financial Officer and Treasurer

Dated: July 15, 2005

SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
Current Report on Form 8-K
dated July 15, 2005

INDEX TO EXHIBITS

Exhibit No.		Description

99.1		Press Release, dated July 15, 2005, of Schweitzer-Mauduit International, Inc., announcing its expected earnings for the second quarter 2005 and full-year 2005.

EX-99.1 2 a05-12263_1ex99d1.htm EX-99.1

Exhibit 99.1

Contact: Bill Foust		Paul Roberts
770-569-4203		770-569-4277

SCHWEITZER-MAUDUIT EXPECTS SECOND QUARTER EARNINGS TO BE
APPROXIMATELY $.38 PER SHARE

Alpharetta, GA, July 15, 2005. Schweitzer-Mauduit International, Inc. (NYSE:SWM) today announced that it expects diluted earnings per share for the second quarter of 2005 to be approximately $.38 per share. Second quarter diluted earnings per share in 2004 were $.56 per share.

Wayne H. Deitrich, Chairman of the Board and Chief Executive Officer, said that, “Schweitzer-Mauduit’s financial results for the second quarter of 2005 are expected to be less than previously anticipated and below the prior-year level. Operating profit is expected to be lower in each of our business segments. Many of the factors that unfavorably impacted our financial results during the first quarter continued to put pressure on our business during the second quarter of the year. Inflationary cost increases, reflected in higher purchased energy, purchased materials and labor and benefit expenses, were the most significant unfavorable factors during the quarter. In addition, lower average selling prices were experienced during the current-year quarter, with an unfavorable mix of products sold in part resulting from reduced sales of lower ignition propensity cigarette papers. The Brazilian real strengthened dramatically during the quarter, having an unfavorable impact on the results of our Brazilian operations. The financial results were also unfavorably impacted by a higher effective income tax rate and increased interest expense. These factors more than offset the benefits of improved mill operations in each of our business units and increased sales volume.”

Mr. Deitrich added, “The inflationary cost pressures being experienced by Schweitzer-Mauduit are expected to continue during the balance of 2005. The strength of the Brazilian currency is likely to continue to unfavorably affect the results of our Brazilian business. Net interest expense and the effective income tax rate are also expected to unfavorably impact the year-to-year comparison during the second half of 2005. The second half of the year is expected to benefit from increased sales of lower ignition propensity cigarette papers and reconstituted tobacco leaf products. As a result of the pressure on gross profit and operating profit margins caused by the inflationary cost increases, Schweitzer-Mauduit is now expecting diluted earnings per share for full-year 2005 to be in the range $1.40 to $1.50.”

Schweitzer-Mauduit will hold a conference call to review second quarter 2005 results with investors and analysts at 10:30 a.m. eastern time on Thursday, July 28, 2005. The conference call will be simultaneously broadcast over the World Wide Web at www.schweitzer-mauduit.com. A link to the broadcast will be provided through the investor relations section of the Company’s Web site. A news release detailing the financial results will be issued at 8:00 a.m. eastern time that same day.

Schweitzer-Mauduit International, Inc. is a diversified producer of premium specialty papers and the world’s largest supplier of fine papers to the tobacco industry. It also manufactures specialty papers for use in alkaline batteries, vacuum cleaner bags, overlay products, saturating base papers, business forms and printing and packaging applications. Schweitzer-Mauduit and its subsidiaries conduct business in over 90 countries and employ 3,800 people worldwide, with operations in the United States, France, Brazil, Indonesia, the Philippines and Canada. For further information, please visit the Company’s Web site at www.schweitzer-mauduit.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the safe harbor created by that Act. Actual results may differ materially from the results suggested by these statements for a number of reasons, including changes in sales volumes, lower ignition propensity cigarette paper sales, reconstituted tobacco leaf sales volumes, inflationary cost increases, average selling prices, net interest expense and effective income tax rates. For additional factors and further discussion of these factors, please see our Annual Report on Form 10-K for the year ended December 31, 2004.