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.
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 (GLT) will exhibit at INDEX™23 in Geneva from April 18-21, 2023. The event showcases Glatfelter's commitment to innovation and sustainability in engineered materials.
Highlighted products include the GlatPure™ portfolio, which features bio-based absorbent hygiene components, and Sontara® Silk, a biodegradable facial mask. The Sontara EC® Green is a new 100% cellulosic cleaning wipe, while the Home Compostable Airlaid Material offers a bio-based solution for food service applications.
In 2022, Glatfelter reported $1.5 billion in revenue and employs approximately 3,250 staff globally. Their product applications encompass personal care, food filtration, medical, and industrial sectors.
Glatfelter Corporation (NYSE: GLT) will announce its 2023 first-quarter earnings on May 4, 2023, at 11:00 AM ET. The conference call will discuss key financial results, with the earnings release and supplemental financial information available on their Investor Relations website. Glatfelter reported 2022 revenue of $1.5 billion and operates globally with a focus on innovative engineered materials. The company utilizes various manufacturing technologies across several sites worldwide. Investors can preregister for the webcast to receive updates, and a replay will be available shortly after the call.
FAQ
What is the current stock price of Glatfelter Corporation (GLT)?
What is the market cap of Glatfelter Corporation (GLT)?
What are the main business segments of Glatfelter Corporation?
Where is Glatfelter Corporation headquartered?
What recent strategic moves has Glatfelter made?
How does Glatfelter demonstrate its commitment to environmental responsibility?
What is the focus of Glatfelter’s Turnaround Strategy?
Which segment generates the most revenue for Glatfelter?
What products are included in Glatfelter's Composite Fibers segment?
How many employees does Glatfelter Corporation have?
What are the applications of Glatfelter’s Spunlace products?
Where does Glatfelter have its operational facilities?
