GLT - Earnings announcements

2024 Third Quarter Highlights: Generated net sales of ~$332 million and a GAAP net loss from continuing operations of $20.0 millionDelivered Adjusted EBITDA of $24.6 million, compared to $25.5 million in Q3 2023Spunlace generated $4.8 million EBITDA despite hurricane downtime, a $2.5 million increase over Q3 '23Airlaid Materials achieved EBITDA of $18.0 million, a $0.7 million decrease from Q3 '23Composite Fibers delivered EBITDA of $10.1 million, a $1.1 million decrease from Q3 '23, due to new sanctions CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today announced its financial results for the

~ Received Required Antitrust Regulatory Clearances and IRS ruling for Announced Merger ~~ Achieved Meaningful Year-over-Year EBITDA Improvement ~ 2024 Second Quarter Highlights: Generated net sales of ~$329 million and a GAAP net loss from continuing operations of $15.8 millionDelivered $25.6 million of Adjusted EBITDA, an $8.3 million increase over Q2 2023Achieved increased EBITDA over Q2 2023 in Composite Fibers and Spunlace by $4.9 million and $3.4 million, respectively, offset by lower EBITDA in Airlaid Materials by $2.3 million CHARLOTTE, N.C., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported fi

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://www.glatfelter.com/investors/.  What:Q2 2024 Glatfelter Earnings Conference Call  When:Thursday, August 8, 2024, 11:00 a.m. (ET)  Participant Dial-in Number:(323) 794-2423 (800) 289

~ Achieved significant merger milestone with expiration of HSR waiting period ~ 2024 First Quarter Highlights: Generated net sales of ~$327 million and a GAAP net loss from continuing operations of $26.2 millionAchieved Q1 Adjusted EBITDA of $23.8 million with an improved EBITDA margin of 7.3%Delivered continued robust Spunlace performance with ~$5 million improved EBITDAImproved Composite Fibers EBITDA by ~$2 million, consistent with expectationsRecorded ~$9 million lower EBITDA in Airlaid Materials primarily due to ongoing European market softness CHARLOTTE, N.C., May 09, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, tod

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://www.glatfelter.com/investors/. What: Q1 2024 Glatfelter Earnings Conference Call   When: Thursday, May 9, 2024, 11:00 a.m. (ET)   Participant Dial-in Number:  (323) 794-2423  (800) 289-04

~ Q4 performance in-line with expectations despite reduced production to manage inventory levels ~~ Announced plans for Merger with Berry Global's HHNF business anticipated in second half of 2024 ~ 2023 Fourth Quarter and Year-end Highlights: Generated net sales of $320 million in Q4 and $1.4 billion in 2023; loss from continuing operations of $8.6 million in Q4 and $78.1 million in 2023Achieved Q4 Adjusted EBITDA of $25 million and full-year EBITDA of $93 million, in-line with Q3 performance and consistent with full year guidanceDelivered robust Spunlace performance with $5.7 million Adjusted EBITDA in Q4 and $11.2 million for full yearManaged effectively the impact of tornado damage at t

Combination creates a large-scale global franchise with an industry-leading solution set serving attractive, growing specialty materials markets Establishes leading positions in the high value-added categories within the specialty materials industry, served by differentiated innovation capabilities Transaction values the combined company at $3.6 billion on an enterprise value basis, with pro forma revenue of ~$3.6 billion and Adj. EBITDA (1) of ~$455 million Berry and Glatfelter shareholders to own 90% and 10% of the combined company, respectively. Berry to receive an approximate net $1 billion cash distribution at closing Enhances earnings power with secular rebound and expected co

CHARLOTTE, N.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT) announced today that it expects to issue its 2023 fourth-quarter results on Thursday, February 22, 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://www.glatfelter.com/investors. What:Q4 2023 Glatfelter Earnings Conference Call  When:Thursday, February 22, 2024, 11:00 a.m. (ET)  Participant Dial-in Number:(323) 794-2423 (800) 2

2023 Third Quarter Overview: Generated net sales of ~$330 million and a GAAP net loss from continuing operations of $19.7 millionDelivered strong sequential recovery of Adjusted EBITDA of $25.5 million following one-time Q2 adverse eventsImproved earnings from Turnaround Strategy, delivering highest EBITDA margin of last eight quartersDivested Ober-Schmitten site, eliminating future lossesLowered full-year EBITDA guidance by $10 million due to ongoing industry-wide market weakness, lower volumes and continued customer destocking CHARLOTTE, N.C., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported financial

CHARLOTTE, N.C., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT) announced today that it expects to issue its 2023 third-quarter results on Thursday, November 2, 2023. 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://www.glatfelter.com/investors/. What:Q3 2023 Glatfelter Earnings Conference Call  When:Thursday, November 2, 2023, 11:00 a.m. (ET)  Participant Dial-in Number:(323) 794-2551(800) 239

2023 Second Quarter Overview: Net sales of $357 million and a GAAP net loss from continuing operations of $36.6 millionVolume declined due to industry-wide market weakness and ongoing customer destocking, resulting in ~$7 million loss of earnings when combined with downtime to manage inventory levelsTurnaround Strategy delivered ~$7 million of earnings from price increases and fixed cost reductionsOverall Q2 2023 financial performance also negatively impacted by operational issues: ~$3 million from fires in Fort Smith, Arkansas (Airlaid), and Asheville, North Carolina (Spunlace)~$3 million from foreign exchange effects, customer financing, and other items~$4 million of operating losses at O

CHARLOTTE, N.C., July 12, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT) announced today that it expects to issue its 2023 second-quarter results on Thursday, August 3, 2023. 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://www.glatfelter.com/investors/. What: Q2 2023 Glatfelter Earnings Conference Call   When: Thursday, August 3, 2023, 11:00 a.m. (ET)   Participant Dial-in Number: (323) 794-2551  (800) 2

2023 First Quarter Highlights Achieved operating income of $6.1 million on a net loss of $13.6 millionImproved Adjusted EBITDA by $1.8 million versus Q1 2022 driven by Airlaid Materials and Composite FibersCash flow from operations improved $35.6 million compared to Q1 2022Completed refinancing transactions to strengthen capital position and address debt maturitiesStreamlined leadership to improve operational efficiency and expand product management capabilitiesMoody's upgraded Glatfelter's corporate rating to B3, reflecting successful refinancing and improved liquidityReaffirming annual guidance of $110 million – $120 million in Adjusted EBITDA for 2023 CHARLOTTE, N.C., May 04, 2023 (GL

CHARLOTTE, N.C., April 07, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT) announced today that it expects to issue its 2023 first-quarter results on Thursday, May 4, 2023. 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://www.glatfelter.com/investors/. What: Q1 2023 Glatfelter Earnings Conference Call   When: Thursday, May 4, 2023, 11:00 a.m. (ET)   Participant Dial-in Number: (323) 794-2551  (800) 239-983

2022 Fourth Quarter Highlights Net sales up 12% over Q4 2021, including a full quarter of Spunlace in Q4 2022Operating income for Airlaid Materials up 19% and Composite Fibers up 8%, compared to Q4 2021Spunlace delivered $3.4 million improvement in operating income over Q3 2022Goodwill impairment charge in Composite Fibers due to higher interest rate environmentLowered cash usage from working capital in Q4 largely driven by cash liberation actionsExecuted financing commitment to address upcoming €220 million term loan maturity2023 Adjusted EBITDA expected to be between $110 million to $120 million by leveraging turnaround strategy CHARLOTTE, N.C., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Glatfe

CHARLOTTE, N.C., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), announced today that it expects to issue its 2022 fourth-quarter results on Tuesday, February 21st, 2023. 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://www.glatfelter.com/investors/. What: Q4 2022 Glatfelter Earnings Conference Call   When: Tuesday, February 21st, 2023, 11:00 a.m. (ET)   Participant Dial-in Number: (323) 794-2

2022 Third Quarter Highlights Improved revenue by 33% attributable to Jacob Holm acquisition ("Spunlace")Record operating income in Airlaid MaterialsImproved pricing and cost mitigation actions in Composite FibersGoodwill impairment charge of $42.5 million for SpunlaceCompany-wide turnaround strategy launched to drive rapid profit improvement CHARLOTTE, N.C., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported third quarter financial results and details of the Company's turnaround strategy to drive rapid operational and financial improvements despite continued inflationary and energy price headwinds.   Thr

CHARLOTTE, N. C., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), announced today that it expects to issue its 2022 third-quarter results on Thursday, November 3, 2022. 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://www.glatfelter.com/investors/. What: Q3 2022 Glatfelter Earnings Conference Call   When: Thursday, November 3, 2022 11:00 a.m. (ET)   Participant Dial-in Number:  (323) 794-255

CHARLOTTE, N.C., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported a loss from continuing operations for the second quarter of 2022 of $2.5 million, or $0.05 per share, compared with net income of $1.5 million, or $0.03 per share, in the same period a year ago. On an adjusted basis, earnings from continuing operations for the second quarter of 2022 and 2021 were a loss of $1.6 million, or $0.04 per share, compared with adjusted earnings of $8.0 million, or $0.18 per share, respectively. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provide

CHARLOTTE, N.C., July 21, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), announced today that it expects to issue its 2022 second-quarter results on Tuesday, August 2, 2022. 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://www.glatfelter.com/investors/. What:Glatfelter Corporation's 2nd Quarter 2022 Earnings Release Conference Call  When:Tuesday, August 2, 2022 11:00 a.m. (ET)  Number:US dial (888) 504-

CHARLOTTE, N.C., May 03, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported a loss from continuing operations for the first quarter of 2022 of $108.3 million, or $2.42 per share, compared with net income of $8.4 million, or $0.19 per share, in the same period a year ago. On an adjusted basis, earnings from continuing operations for the first quarter of 2022 and 2021 were a loss of $6.2 million, or $0.14 per share, compared with adjusted earnings of $8.5 million, or $0.19 per share, respectively. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provided

CHARLOTTE, N.C., April 21, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), announced today that it expects to issue its 2022 first-quarter results on Tuesday, May 3, 2022. 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://www.glatfelter.com/investors/.   What:Glatfelter Corporation's 1st Quarter 2022 Earnings Release Conference Call  When:Tuesday, May 3, 2022 11:00 a.m. (ET)  Number:US dial (888) 335-5539

~ Unprecedented energy prices in Europe and global input cost inflation significantly impacted Q4 results ~ CHARLOTTE, N.C., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported a loss from continuing operations for the fourth quarter of 2021 of $11.2 million, or $0.25 per share, compared with net income of $9.1 million, or $0.20 per share, in the same period a year ago. The 2021 results prospectively include the acquisitions of Georgia-Pacific's U.S. nonwovens business ("Mount Holly") and Jacob Holm ("Spunlace") as of May 13, 2021 and October 29, 2021, respectively. Adju

CHARLOTTE, N.C., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), announced today that it expects to issue its 2021 fourth-quarter results on Thursday, February 10, 2022. 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://www.glatfelter.com/investors/. What:Glatfelter Corporation's 4th Quarter 2021 Earnings Release Conference Call  When:Thursday, February 10, 2022 11:00 a.m. (ET)  Number:US dial (88

~ Completed Jacob Holm acquisition adding significant scale and diversifying engineered materials portfolio ~~ Record quarterly operating profit in Airlaid Materials segment reflects Mount Holly acquisition ~~ Composite Fibers' performance impacted by continued inflationary headwinds ~ CHARLOTTE, North Carolina, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported income from continuing operations for the third quarter of 2021 of $8.1 million, or $0.18 per diluted share, compared with $6.5 million, or $0.15 per share, in the same period a year ago. The 2021 results include the acquisition of Geor

CHARLOTTE, N.C., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), announced today that it expects to issue its 2021 third-quarter results on Tuesday, November 2, 2021. 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://www.glatfelter.com/investors/. What:Glatfelter Corporation's 3rd Quarter 2021 Earnings Release Conference Call  When:Tuesday, November 2, 2021, 11:00 a.m. (ET)  Number:US dial (888) 3

~ Successful Mount Holly integration contributed favorably to Q2 results ~ Acquisition of Jacob Holm will add scale and new technologies, enhancing engineered materials portfolio CHARLOTTE, N.C., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today reported net income for the three months ended June 30, 2021 of $1.5 million, or $0.03 per diluted share, compared with a loss of $2.3 million, or a loss of $0.05 per share, in the same period a year ago. The results include the acquisition of Georgia-Pacific's U.S. nonwovens business ("Mount Holly") effective May 13, 2021. Adjusted earnings from continuing operations for