Glatfelter Corporation Stock Price, News & Analysis

Glatfelter Corporation (NYSE: GLT) reported a loss of $2.5 million or $0.05 per share for Q2 2022, down from a net income of $1.5 million or $0.03 per share in Q2 2021. Adjusted earnings were a loss of $1.6 million, significantly lower than adjusted earnings of $8.0 million the previous year. Net sales rose to $364.0 million from $244.9 million, driven by acquisitions, though Composite Fibers net sales fell 12.9%. The Spunlace segment reported an operating loss of $1.8 million due to inflationary pressures and supply chain issues.

Glatfelter Corporation (NYSE: GLT) will release its 2022 second-quarter results on August 2, 2022, with a conference call at 11:00 AM ET. The earnings release will include a financial supplement with significant data to be discussed during the call. Interested parties can access the earnings release and the conference via Glatfelter’s Investor Relations website. The company reported net sales of $1.1 billion in 2021 and focuses on innovative, sustainable engineered materials across various applications. For more details, visit www.glatfelter.com.

Glatfelter Corporation (NYSE: GLT), a global supplier of engineered materials, will present at the Sidoti & Company Summer Small Cap Virtual Conference on June 16, 2022, starting at 10:45 am ET. Dante C. Parrini, CEO, and Ramesh Shettigar, CFO, will represent the company. One-on-one meetings will also be conducted with participants. Glatfelter, headquartered in Charlotte, NC, reported $1.1 billion in net sales for 2021 and employs around 3,250 staff globally. The company focuses on sustainable, innovative materials for various industries including personal care and filtration.

Glatfelter Corporation (NYSE: GLT) has partnered with Aakar Innovations to combat period poverty in India by providing menstrual products and creating job opportunities for women in rural areas. This initiative aims to supply 3 million menstrual pads, benefiting around 30,000 local women and girls over one year. Approximately 500 million women globally face period poverty, impacting education, particularly in India, where 70% of girls cannot afford sanitary products. The project aligns with Glatfelter's commitment to social sustainability and environmental responsibility, repurposing materials to further these goals.

Glatfelter Corporation (NYSE: GLT) will participate in the Deutsche Bank 13th Annual Global Materials Conference on June 8, 2022, in New York City. The CEO, Dante C. Parrini, and CFO, Ramesh Shettigar, will present and hold one-on-one meetings with investors. The formal presentation starts at 12:00 PM ET, with a webcast available on Glatfelter’s website.

The company specializes in engineered materials, focusing on sustainability and innovation, achieving $1.1 billion in net sales in 2021.

Lindsay Goldberg has completed the sale of Pixelle Specialty Solutions Holding LLC, a North American provider of fiber-based specialty solutions. Established in 2018 from the specialty papers business of P.H. Glatfelter, Pixelle has grown significantly under the leadership of CEO Timothy Hess and with strategic acquisitions, positioning itself as a market leader. The transaction terms remain undisclosed, but Lindsay Goldberg emphasized the successful partnership and strategic growth achieved during its ownership, which included advancements in ESG initiatives.

Glatfelter Corporation (NYSE: GLT) has declared a cash dividend of $0.14 per share on its common stock. This dividend is set to be paid on August 1, 2022, to shareholders on record as of July 1, 2022. In 2021, Glatfelter reported net sales of $1.1 billion and employs approximately 3,250 individuals worldwide. The company is a leading global supplier of engineered materials, focusing on sustainable and innovative solutions used across various industries, including personal care and medical applications.

Glatfelter Corporation (GLT) reported a significant loss from continuing operations of $108.3 million, or $2.42 per share, for Q1 2022, a stark contrast to a net income of $8.4 million, or $0.19 per share, in Q1 2021. The decline is attributed to the Russia/Ukraine conflict, resulting in non-cash impairment charges totaling $117.3 million. Despite net sales increasing to $381.7 million from $225.7 million, the Composite Fibers segment experienced operational losses due to rising raw material and energy costs. Future profitability efforts include a transition to a cost pass-through pricing model.