Full year 2014 net sales were $794.3 million, compared with $772.8 million in the prior year, up 2.8%. The Paper segment's net sales were down 8.7%, the Reconstituted Tobacco segment's net sales decreased 24.2%, and the new Filtration segment contributed $127.4 million in net sales for the year ended December 31, 2014.
4Q net income from continuing operations was $18.4 million, up from a loss of $11.2 million in the prior year quarter, and $89.7 million for full year 2014, versus $78.5 million in 2013.
Operating profit from continuing operations was $17.3 million in the quarter ended December 31, 2014, versus an operating loss from continuing operations of $0.7 million in the prior year quarter, which included a $37.2 million asset impairment.
Operating profit from continuing operations was $106.1 million in the year ended December 31, 2014 compared with $124.9 million during the prior year.
SWM is a leading global provider of highly engineered solutions and advanced materials for a variety of industries.
