Welcome to our dedicated page for Glatfelter Corporation news (Ticker: $GLT), a resource for investors and traders seeking the latest updates and insights on Glatfelter Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Glatfelter Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Glatfelter reported first-quarter 2024 results, achieving significant milestones in sales and operational improvements. The company generated net sales of approximately $327 million, with a GAAP net loss, and achieved adjusted EBITDA of $23.8 million. The Spunlace segment saw improved performance, while Airlaid Materials faced challenges due to market softness. The proposed merger with Berry's HHNF business is progressing well, with completion expected in the second half of 2024.