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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
Glatfelter Corporation (GLT) incurred a second-quarter 2024 earnings per share (EPS) loss of 35 cents from continuing operations, narrower than a loss of 82 cents per share in the prior-year quarter. Net sales for the quarter were $329.4 million, down 7.7% from $357 million in the year-ago quarter. Glatfelter's overall performance in the second quarter was marked by mixed results across its segments. Despite the decline in revenue, the company saw a notable improvement in adjusted EBITDA, which increased to ...
Glatfelter (GLT) - 2024 Q2 - Quarterly Report
2024-08-08 20:02
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 June 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 area ...
Glatfelter (GLT) - 2024 Q2 - Earnings Call Presentation
2024-08-08 19:18
G L A T F E L T E R 2024 Second Quarter Earnings Conference Call Thomas Fahnemann, President & CEO Ramesh Shettigar, SVP, CFO & Treasurer August 8, 2024 NYSE: GLT Forward Looking Statements and Use of Non-GAAP Financial Measures Any statements included in this presentation which pertain to future financial and business matters are "forwardlooking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as ...