Glatfelter (GLT)

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Glatfelter (GLT) - 2025 Q1 - Quarterly Results
2025-05-07 21:11
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 Date of Report (Date of Earliest Event Reported): May 7, 2025 Magnera Corporation ______________________________________________________________________ (Exact name of registrant as specified in its charter) Pennsylvania 001-03560 23-0628360 (I.R.S. Employer Identification (State or other jurisdiction of incorporation) 9335 Harris Corners Pkwy ...
Glatfelter (GLT) - 2024 Q4 - Annual Results
2025-02-06 14:05
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 Date of Report (Date of Earliest Event Reported): February 6, 2025 Magnera Corporation ______________________________________________________________________ (Exact name of registrant as specified in its charter) Pennsylvania 001-03560 23-0628360 (I.R.S. Employer Identification (State or other jurisdiction of incorporation) 9335 Harris Corners ...
Glatfelter Q3 Loss Widens Y/Y Amid Cost Pressures, Sanctions
ZACKS· 2024-10-31 18:01
For the third quarter of 2024, Glatfelter Corporation (GLT) incurred an adjusted loss of 26 cents per share, wider than the prior-year quarter’s loss of 23 cents. The company reported net sales of $332 million, a modest increase over the $329.9 million reported in the third quarter of 2023. Consolidated gross profit declined from $44.5 million in the third quarter of 2023 to $35.5 million in the third quarter of 2024, driven by rising input costs, new sanctions on certain product categories, and ongoing mar ...
Glatfelter (GLT) - 2024 Q3 - Quarterly Report
2024-10-30 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 4350 Congress Street, Suite 600 Charlotte, North Carolina 28209 (Address of principal executive offices) (704) 885-2555 (Registrant's telephone number, including ...
Glatfelter (GLT) - 2024 Q3 - Quarterly Results
2024-10-30 12:09
Exhibit 99.1 For Immediate Release Contacts: N E W S R E L E A S E Corporate Headquarters 4350 Congress Street Suite 600 Charlotte, NC 28209 U.S.A. www.glatfelter.com | --- | --- | --- | |-------|---------------------------------|----------------------------| | | | | | | Investors: | Media: | | | Ramesh Shettigar | Eileen L. Beck | | | (717) 225-2746 | (717) 225-2793 | | | ramesh.shettigar@glatfelter.com | eileen.beck@glatfelter.com | GLATFELTER REPORTS THIRD QUARTER 2024 RESULTS ~ Transaction closing and t ...
Glatfelter Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-30 10:45
2024 Third Quarter Highlights: Generated net sales of ~$332 million and a GAAP net loss from continuing operations of $20.0 million Delivered Adjusted EBITDA of $24.6 million, compared to $25.5 million in Q3 2023 Spunlace generated $4.8 million EBITDA despite hurricane downtime, a $2.5 million increase over Q3 '23 Airlaid Materials achieved EBITDA of $18.0 million, a $0.7 million decrease from Q3 '23 Composite Fibers delivered EBITDA of $10.1 million, a $1.1 million decrease from Q3 '23, due to new sanction ...
Glatfelter Shareholders Approve Proposals Related to the Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
GlobeNewswire News Room· 2024-10-23 12:36
CHARLOTTE, N.C. and EVANSVILLE, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) and Berry Global Group, Inc. (NYSE: BERY) (“Berry”) announced today that Glatfelter’s shareholders have approved all matters relating to the merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business (“HHNF Business”) with Glatfelter required to be approved by Glatfelter shareholders, as described in the proxy statement/prospectus provided to its shareholders i ...
Glatfelter Announces Tunable Lithium-ion Battery Separator at The Battery Show
GlobeNewswire News Room· 2024-10-03 14:00
CHARLOTTE, N.C., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is proud to announce the launch of its OmniSep™ Battery Separator, a cutting-edge solution for the lithium-ion battery market. This innovative product is the result of extensive research and development aimed at advancing electrical energy storage technologies. OmniSep™ was developed to meet the demand for a battery separator that supports high charge and discharge rates ...
Glatfelter Advances Sustainable Espresso Lid Solutions
GlobeNewswire News Room· 2024-09-23 16:10
CHARLOTTE, N.C., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is proud to announce significant advancements in sustainable materials for espresso pod lids to address the growing demand for eco-friendly packaging solutions in the single-serve coffee market. Building on its established reputation in the tea and coffee sectors, Glatfelter is expanding its sustainable product portfolio with a new biobased espresso lid material. This in ...
Glatfelter (GLT) Q2 Loss Narrows, Spunlace Leads Segment Gains
ZACKS· 2024-08-09 18:36
Core Viewpoint - Glatfelter Corporation reported a narrower earnings per share loss in Q2 2024 compared to the previous year, despite a decline in net sales, indicating mixed performance across its segments [1][3]. Financial Performance - The company incurred a Q2 2024 EPS loss of 35 cents, an improvement from a loss of 82 cents in the same quarter last year [1]. - Net sales for the quarter were $329.4 million, down 7.7% from $357 million in Q2 2023 [1]. - Adjusted EBITDA increased to $25.6 million, up $17.3 million year-over-year, driven by better performance in Composite Fibers and Spunlace segments [2]. - Gross profit improved to $36.8 million from $18.1 million in Q2 2023, although a net loss of $16.3 million was reported, narrower than the $36.9 million loss in the prior year [3]. Segment Performance - **Airlaid Materials**: Experienced a 14.4% decline in net sales to $130.6 million, impacted by a 3.7% decrease in shipment volumes and a 13% drop in EBITDA to $15.1 million [4]. - **Composite Fibers**: Showed a 3.1% increase in shipment volumes and a 102.2% increase in EBITDA to $9.7 million, despite a 6.8% decline in net sales to $117.2 million due to reduced selling prices [5]. - **Spunlace**: Outperformed with a 4.9% increase in shipments and a 3.5% rise in net sales to $82.2 million, with EBITDA surging 158.4% to $5.6 million [6]. Financial Position - As of June 30, 2024, cash and cash equivalents were $33.9 million, down from $50.3 million at the end of 2023, with total assets declining to $1.5 billion [7]. - Total debt increased slightly to $870.3 million, while shareholders' equity dropped significantly to $205.5 million from $256.9 million [7]. - Leverage stood at 3.5X, with a cash outflow of $20.6 million in the first half of 2024, an improvement from $53 million in the same period of 2023 [8]. Other Developments - Glatfelter reached a $6.5 million settlement related to its former Specialty Papers business, expected to be recognized in Q3 2024 [9]. - The company is progressing with its merger with Berry Global's HHNF business, having obtained all necessary regulatory approvals and awaiting shareholder approval [9][10].