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 ...

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:// ...

☑ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☐ 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, in ...

2023 Fourth Quarter Earnings Conference Call Forward Looking Statements and Use of Non-GAAP Financial Measures 2 • 2023 Full year EBITDA of ~$93 million, within guidance range • Spunlace EBITDA higher by ~$4 million versus Q4 2022 driven by higher volume, price-cost gap improvements, and turnaround strategy actions (cost and operational improvements) • On February 7, 2024, Glatfelter and Berry Global announced plans for tax-free spin-off and merger of Berry's Health, Hygiene and Specialties Global Nonwovens ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 2023 was $25.1 million, consistent with Q3 results, and full-year EBITDA was approximately $93 million, within the guidance range [7][86] - Volume decreased by 5% year-over-year, primarily due to weaker shipments in the tabletop category, driven by market softness in Europe and competition from alternative substrates [8][39] - Cash taxes paid in 2023 were lower by $15 million, mainly due to changes in jurisdictional income and timing of payments [12] Business Line Data and Key Metrics Changes - Spunlace segment revenues were down 7% on a constant currency basis, with lower selling prices impacting earnings by approximately $7 million, although volume increased by 3% [10] - Airlaid Materials segment revenues decreased by 19% on a constant currency basis, driven by lower shipments and selling prices, with a net unfavorable price-cost gap of $1.7 million [39] - Composite Fibers segment revenues were down 18% on a constant currency basis, primarily due to lower shipments and selling prices, but EBITDA improved by approximately $2 million [40][75] Market Data and Key Metrics Changes - The company experienced pronounced competitive challenges in the Airlaid segment, particularly in feminine hygiene and European tabletop categories [73][54] - Foreign exchange and related currency hedging negatively impacted earnings by $900,000, primarily due to hedging gains from the prior year [22] Company Strategy and Development Direction - The company announced plans to merge with Berry Global's HHNF business, expected to close in the second half of 2024, creating a leading publicly traded company in the specialty materials industry [4][14] - The merger aims to leverage combined strengths in markets where Berry is stronger, such as Asia Pacific and Latin America, and enhance innovation and growth opportunities [29][30] - The company is focusing on diversifying its customer base and product portfolio to reduce customer concentration while expanding efforts in innovation and sustainability [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing market challenges and limited visibility, particularly in Europe, but expressed confidence in the company's fundamentals and the anticipated merger benefits [42][30] - The company expects 2024 EBITDA to be in the range of $110 million to $120 million, reflecting anticipated headwinds and macroeconomic volatility [13][42] Other Important Information - Corporate costs were approximately $1.9 million lower compared to Q4 of the previous year, and full-year corporate costs were in line with 2022 [11] - The company reported a leverage ratio of 3.4 times as of December 31, with available liquidity of approximately $135 million at year-end [26] Q&A Session Summary Question: What are the market shares of Berry HHNF and Glatfelter in overlapping key businesses? - Management indicated that while they operate in the same segments, their products are complementary rather than directly competitive, which is a positive aspect of the proposed merger [46] Question: How much CapEx does HH&S spend? - Management stated it is too early to provide a definitive answer regarding maintenance and normalized CapEx for the new company [34] Question: How much debt will be transferred from HHNF and repaid with NewCo credit facilities? - Approximately $1.5 billion will be raised from Spinco into the merger, with about $1 billion used to dividend up to Berry and $400 million to retire existing Glatfelter debt [49]

Exhibit 99.1 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 FOURTH QUARTER AND YEAR END 2023 RESULTS ~ Q4 performance in-line with expectations despite reduced production to manage inventory levels ~ ~ Announced plans for Merger wi ...

Glatfelter Corporation (NYSE:GLT) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Ramesh Shettigar - Senior Vice President, Chief Financial Officer and Treasurer. Thomas Fahnemann - President and Chief Executive Officer Conference Call Participants Josh Wool - Carlson Capital Roger Spitz - Bank of America Mike Ginnings - Angelo Gordon Operator Good day, and welcome to the Glatfelter's Q3 2023 Earnings Release Conference Call. Today's conference is being recorded. At this t ...

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 company or emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. | Large Accelerated Filer | ☐ | Accelerated filer | ☒ | | --- | --- | --- | --- | | Non-accelerated filer | ☐ | Smaller reporting company | ...

Glatfelter Corporation. (NYSE:GLT) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Ramesh Shettigar - Senior Vice President, Chief Financial Officer and Treasurer. Thomas Fahnemann - President and Chief Executive Officer Conference Call Participants Josh Wool - Carlson Capital Mike Ginnings - Angelo Gordon Roger Spitz - Bank of America Operator Please stand by, we’re about to begin. Good day, and welcome to the Glatfelter’s Q2 2023 earnings release conference call. Today’s c ...

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, 2023 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 are ...