Schweitzer-Mauduit International Inc
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SWM Schweitzer-Mauduit International Inc
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Materials : Paper & Forest Products | Small Cap Value
Company profile

Schweitzer-Mauduit International, Inc. (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland. Through its Engineered Papers (EP) segment, the Company primarily serves the tobacco industry via the manufacture and sale of paper and reconstituted tobacco products. Through Advanced Materials & Structures (AMS) segment, the Company is a specialty producer of resin-based plastic netting through an extrusion process, as well as certain meltblown products, machined plastic core tubes, urethane films, and resin-based rolled products.

Closing Price
$34.62
Day's Change
1.39 (4.18%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.53
Day's Low
33.99
Volume
(Average)
Volume:
170,876

10-day average volume:
175,765
170,876

Exxon Mobil debt cut by S&P on cash-flow concerns

1:53 pm ET March 16, 2020 (MarketWatch)
Print

S&P Global Ratings on Monday lowered its ratings on Exxon Mobil Corp. (XOM) debt, saying the oil giant's cash flow has fallen "well below" expectations the ratings agency had for the company. With "lower oil and natural gas prices, low refining margins and weak chemicals demand anticipated over the next two years, we expect measures to remain weak without a significant change in the company's financial plans," S&P said Monday. The credit rating was lowered one notch to AA from AA+. The negative outlook "reflects the potential for a further downgrade if the company does not take adequate steps to improve cash flows and leverage over the next 12 to 24 months," S&P said. Shares of Exxon have fallen 56% in the past 12 months, compared with declines of 24% and 26% for the S&P 500 index and the Dow Jones Industrial Average . The company's most-active bonds, the 3.095% notes that mature in August 2049, were recently trading at 93.876 cents on the dollar, at a yield spread of 199 basis points over U.S. treasurys and 17 basis points wider on the day. The notes were the second most active investment trade bond of the day, according to Marketaxess, after a Bank of America Corp. (BA) bond.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 16, 2020 13:53 ET (17:53 GMT)

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