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Glatfelter (NYSE: GLT) will release its second-quarter 2020 results on August 4, 2020, at 11:00 AM EDT. The earnings release and a financial supplement will be accessible on the Investor Relations website. Management will discuss the results during a conference call, with U.S. participants able to dial (888) 335-5539 and international participants at (973) 582-2857, using Conference ID 4699123. A rebroadcast will be available until August 18, 2020. Glatfelter is a global supplier of engineered materials, with annual sales of approximately $925 million.
The board of directors of Glatfelter (NYSE: GLT) declared a $0.135 per share cash dividend on its outstanding common stock, marking a 3.8% increase from the previous quarter. This dividend is payable on August 1, 2020, to shareholders of record as of the close of business on July 3, 2020. Glatfelter is a global supplier of engineered materials, with annual net sales of approximately $925 million and operations in over 100 countries. The company is transitioning its headquarters from York, PA to Charlotte, NC.
Glatfelter (GLT) reported remarkable first-quarter 2020 results, showcasing net income of $7.4 million, up from $5.3 million in 2019. Adjusted earnings from continuing operations increased to $10.8 million ($0.24/share), driven by a 14% rise in shipments from Composite Fibers and a 6% increase in Airlaid Materials. Consolidated net sales reached $231.6 million, slightly higher than $229.1 million in the previous year. Despite challenges from COVID-19, all facilities remain operational, under stringent safety protocols, supporting demand for essential consumer products.