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Headquartered in York, Pennsylvania, Glatfelter Corporation (NYSE: GLT) is a global leader in the manufacturing of specialty papers and engineered products. With over 150 years of experience, Glatfelter provides innovative, high-quality solutions that drive value for customers worldwide. The company operates through three primary segments: Composite Fibers, Spunlace, and Airlaid Materials.
Glatfelter’s Composite Fibers segment offers a diverse range of products including food and beverage filtration papers, wallcover base materials, and composite laminates. The Spunlace segment produces nonwoven fabrics used in critical cleaning, medical, and hygiene applications. The company’s Airlaid Materials segment, which generates the majority of its revenue, supplies cellulose-based airlaid nonwoven materials used in consumer products like feminine hygiene items, specialty wipes, and home care products.
The company boasts a strong global presence, with facilities in the United States, Germany, France, the UK, Canada, and several other countries. This extensive network supports Glatfelter’s commitment to delivering world-class service and technical expertise to over 4,400 employees worldwide.
Recently, Glatfelter has been executing a Turnaround Strategy to enhance operational and financial performance. This strategy has led to improved EBITDA margins and stronger production across its segments. Despite challenging market conditions, especially in Europe, the company continues to focus on cost management and innovation to drive growth and productivity.
Additionally, Glatfelter has reinforced its environmental responsibility through sustainable practices across its operations. The company’s dedication to environmental stewardship is evident in its approach to manufacturing and product development.
In a significant development, Glatfelter announced a strategic merger with Berry Global’s Health, Hygiene, and Specialties Global Nonwovens and Films business. This merger is expected to create a new global leader in specialty materials, enhancing scale, technology, and market reach, thereby positioning Glatfelter for substantial shareholder value and long-term growth.
Glatfelter’s commitment to quality, sustainability, and innovation continues to make it a pivotal player in the engineered materials industry, driving advancements that enhance everyday life.
Glatfelter Corporation (NYSE: GLT) announced its nomination for the 2021 World of Wipes Innovation Award for its eco-friendly GlatClean™ disinfecting wipes substrate. This cellulose-based airlaid substrate is designed for superior hygiene, safety, and sustainability, showcasing durability and high liquid absorption capacity. With a focus on innovative and customizable solutions, Glatfelter continues to strengthen its presence in the disinfecting wipes market. The company will present further innovations at the INDA World of Wipes conference from July 12 to 15, 2021.
Glatfelter Corporation (NYSE: GLT) has announced that it will release its 2021 first-quarter earnings on May 4, 2021. A conference call will take place at 11:00 AM ET to discuss the results, which will be accessible via their Investor Relations website. This call follows their ongoing commitment to transparency and engagement with investors. Glatfelter, a global supplier of engineered materials, reported annualized net sales of approximately $916 million, with a workforce of around 2,415 employees operating across multiple countries.
Glatfelter Corporation (NYSE: GLT) has completed the antitrust regulatory process for the acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million. The deal includes Georgia-Pacific’s Mount Holly manufacturing facility and a Memphis R&D center, collectively employing around 140 people. Expected to finalize by May 31, 2021, the acquisition will be financed through cash and existing credit facilities, enhancing Glatfelter's ability to better serve customers and benefiting financially.
Glatfelter (NYSE: GLT) announced a price increase of up to 8% for all Composite Fibers products, effective March 15, 2021. This decision comes in response to significant global raw material price hikes, particularly in pulp, synthetic fibers, and chemicals. The company anticipates ongoing inflation in input costs, worsened by rising energy prices and COVID-related logistics challenges. Despite efforts to cut costs and enhance manufacturing efficiency, these measures are insufficient to counteract the financial pressures, prompting the price adjustments.
Glatfelter Corporation (NYSE: GLT) will participate in the NYSE Materials Access Day investor conference on March 9, 2021. The event is a virtual-only forum, accessible by invitation only. Key executives, including Dante Parrini (Chairman and CEO) and Samuel Hillard (CFO), will present, and a slide presentation accompanying their remarks will be available on the company's Investor Relations page.
Glatfelter is a leading global supplier of engineered materials with annual net sales of approximately $916 million and operations in 11 countries.
Glatfelter (NYSE: GLT) declared a cash dividend of $0.135 per share on its common stock, payable on May 3, 2021, to shareholders of record by April 1, 2021. The company, headquartered in Charlotte, NC, reported annual net sales of approximately $916 million, serving customers in over 100 countries with around 2,415 employees. Glatfelter specializes in engineered materials for various applications, including filtration and packaging.
Glatfelter Corporation (GLT) reported strong financial results for Q4 2020, achieving a net income of $9.8 million, or $0.21 per share, compared to a net loss of $44.9 million in the same quarter of 2019. Consolidated net sales increased to $235.3 million, up from $231.0 million year-over-year.
Adjusted earnings from continuing operations rose to $9.6 million, or $0.22 per share. The company announced plans to acquire Georgia-Pacific’s nonwovens business, aligning with its strategy to optimize its portfolio and maintain operational excellence.
Glatfelter Corporation (NYSE: GLT) will release its 2020 fourth-quarter results on February 4, 2021. Management will hold a conference call at 11:00 AM (ET) to discuss the earnings. Investors can access the earnings release and financial supplement on their Investor Relations website. This event is crucial for stakeholders to assess the company's performance, given its annualized net sales of approximately $916 million and a presence in over 100 countries.
Glatfelter Corporation (NYSE: GLT) has announced the agreement to acquire Georgia-Pacific’s U.S. nonwovens business for $175 million. This acquisition includes the Mount Holly, North Carolina airlaid manufacturing facility and a R&D pilot line in Memphis, Tennessee, which together employ around 150 people. The Mount Holly facility has a production capacity of 37,000 metric tons annually, with an expected annual EBITDA of $20 million. Glatfelter anticipates annual cost synergies of $4 million to $6 million within three years, while incurring $10 million in one-time integration costs.
On December 18, 2020, Glatfelter (NYSE: GLT) announced a cash dividend of $0.135 per share on its outstanding common stock. This dividend is payable on February 1, 2021, to shareholders recorded by the close of business on January 4, 2021. Glatfelter operates as a global supplier of engineered materials, with net sales approximating $925 million and manufacturing facilities across several countries. The company serves diverse markets including tea filtration, personal hygiene, and packaging.
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