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 ...

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 ...

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 ...

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].

CHARLOTTE, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2024 second-quarter results on Thursday, August 8, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company's results. Glatfelter's earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at https ...

What: Q2 2024 Glatfelter Earnings Conference Call OR access via our website: Glatfelter Webcasts and Presentations Participant Dial-in Number: (323) 794-2423 (800) 289-0438 About Glatfelter Webcast registry: Q2 2024 Glatfelter Earnings Webcast Conference ID: 9525221 Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company's high-quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that a ...

Zacks Investment Research has recently initiated coverage of Glatfelter Corporation (GLT) with an Underperform recommendation. The comprehensive research report outlines several critical factors contributing to this outlook, highlighting significant financial challenges and operational inefficiencies that this NorthCarolina based company currently faces. A substantial financial leverage limits the company's borrowing capacity and heightens the risk of financial instability, as highlighted by the research re ...

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 March 31, 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 ar ...

Exhibit 99.1 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 For Immediate Release Contacts: | Investors: | Media: | | --- | --- | | Ramesh Shettigar | Eileen L. Beck | | (717) 225-2746 | (717) 225-2793 | | ramesh.shettigar@glatfelter.com | eileen.beck@glatfelter.com | GLATFELTER REPORTS FIRST QUARTER 2024 RESULTS ~ Achieved significant merger milestone with expiration of HSR waiting period ~ Update on Merger with Berry's HHNF Busines ...

CHARLOTTE, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT) announced today that it expects to issue its 2024 first-quarter results on Thursday, May 9, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company's results. Glatfelter's earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at https://w ...