~ Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company ~ James M. Till to serve as Executive Vice President, Chief Financial Officer & Treasurer ~ Tarun Manroa to serve as Executive Vice President, Chief Operating Officer CHARLOTTE, N.C., April 11, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, in anticipation of the previously announced proposed merger of the majority of Berry Global's Health, Hygiene, and Specialties segment to include its Global Nonwovens and Films ("HHNF") business with Glatfelter, is pleased to announce today key leadership appointments, in

CHARLOTTE, N.C., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today announced that Mr. Lee C. Stewart has resigned from the Company's Board of Directors, effective September 25, 2023, citing reasons unrelated to the Company for his departure. The Company noted that this resignation is not related to Glatfelter's operations, financial reporting or controls, or personal conduct. "On behalf of Glatfelter's Board of Directors and our management team, we thank Lee for his longstanding service and deep commitment to the Company," said Mr. Thomas Fahnemann, President and Chief Executive Officer. "We greatly appreciate th

CHARLOTTE, N.C., April 05, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, today announced that Mr. Boris Illetschko has been appointed to the role of Senior Vice President, Chief Operating Officer. He replaces the Company's current Senior Vice President, Chief Commercial Officer, Mr. Christopher W. Astley, and Senior Vice President, Integrated Global Supply Chain and IT, Mr. Wolfgang Laures, both of whom will leave the Company effective immediately. The Company noted that these changes are not related to Glatfelter's operations, financial reporting or controls, or personal conduct. "Since joining Glatfelter, I have assessed t

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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

Berry Global Group, Inc. (NYSE:BERY) and Glatfelter Corporation (NYSE:GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh'), a global leader in the specialty materials industry.

Glatfelter (NYSE:GLT) reported quarterly losses of $(0.33) per share. This is a 153.85 percent decrease over losses of $(0.13) per share from the same period last year. The company reported $327.26 million in sales this quarter. This is a 13.47 percent decrease over sales of $378.21 million the same period last year.

Berry Global Group, Inc. (NYSE:BERY) and Glatfelter Corporation (NYSE:GLT) announced today the achievement of a regulatory milestone in the proposed transaction involving the combination of a majority of Berry's Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business ("HHNF") with Glatfelter, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act. As previously announced on February 7, 2024, Berry and Glatfelter entered into a definitive agreement under which Berry will spin-off and merge its HHNF business with Glatfelter in a Reverse Morris Trust transaction. The transaction will create a leading, pu

Kevin M. Fogarty will continue to serve Glatfelter in the role of Non-Executive Chair of the Board of Directors of NewCo. James M. Till (Jim) will be appointed to the role of Executive Vice President, Chief Financial Officer & Treasurer for NewCo, effective upon the closing of the proposed transaction. In addition, Mr. Tarun Manroa will be appointed to the role of Executive Vice President, Chief Operating Officer for NewCo, effective upon the closing of the proposed transaction.

Glatfelter (NYSE:GLT) reported quarterly losses of $(0.04) per share. This is a 75 percent increase over losses of $(0.16) per share from the same period last year. The company reported $320.38 million in sales this quarter. This is a 14.31 percent decrease over sales of $373.90 million the same period last year.

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U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Wednesday. The Dow traded up 0.47% to 38,701.01 while the NASDAQ rose 0.89% to 15,748.69. The S&P 500 also rose, gaining, 0.82% to 4,994.75. Check This Out: Top 5 Energy Stocks That May Explode In February   Leading and Lagging Sectors   Consumer discretionary shares rose by 1.1% on Wednesday. In trading on Wednesday, energy shares fell by 0.2%.   Top Headline   Yum! Brands Inc (NYSE:YUM) reported weaker-than-expected results for its fourth quarter on Wednesday. The company posted fourth-quarter fiscal 2023 sales growth of 1% year-on-year to $2.04 billion, missing the a