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 (NYSE: GLT) will release its 2022 first-quarter results on May 3, 2022, with a conference call scheduled for 11:00 AM ET. Investors can access the earnings release and financial supplement on the company’s Investor Relations website. Glatfelter, headquartered in Charlotte, NC, reported net sales of $1.1 billion in 2021 and focuses on engineered materials used in various applications, including personal care and food filtration. For further details, interested parties can join the conference call using the provided numbers.
Glatfelter Corporation (NYSE: GLT) announced the promotion of Ramesh Shettigar to Senior Vice President, Chief Financial Officer & Treasurer, effective May 6, 2022. This follows the resignation of Samuel L. Hillard, who leaves to pursue a new opportunity. Hillard's departure is unrelated to Glatfelter’s performance. Mr. Shettigar, who has been with the company since 2014, is recognized for his strong track record and financial expertise. Glatfelter, a global leader in engineered materials, reported $1.1 billion in net sales in 2021 and maintains a commitment to innovation and sustainability.
On March 23, 2022, Glatfelter Corporation (NYSE: GLT) announced participation in the NYSE Basic Materials Investor Access Day scheduled for March 31, 2022. Key executives, including Chairman and CEO Dante Parrini, CFO Samuel Hillard, and VP Ramesh Shettigar, will engage in invitation-only one-on-one meetings. Glatfelter is a global supplier of engineered materials with a focus on sustainability and innovation, producing nonwovens solutions for personal care, food and beverage, medical, and industrial applications. The company’s annualized net sales are approximately $1.4 billion.
Glatfelter Corporation (NYSE: GLT), a global leader in engineered materials, will present at the Sidoti & Company Spring Small Cap Virtual Conference on March 24, 2022, at 9:15 AM Eastern. Key executives, including Chairman and CEO Dante C. Parrini, CFO Samuel L. Hillard, and VP Ramesh Shettigar, will lead the presentation. Attendees can join the webcast through the provided link and access the presentation materials on Glatfelter’s Investors page. The company, based in Charlotte, NC, generates approximately $1.4 billion in annual sales and employs around 3,250 people globally.
Glatfelter Corporation (NYSE: GLT) has been nominated as a finalist for two IDEA®22 awards. The nominations include the IDEA® Nonwoven Product Achievement Award for its Sontara® Silk facial sheet masks and the IDEA® Sustainability Advancement Award for its partnership with Blue Ocean Closure and ALPLA. The awards recognize innovation and sustainability within the nonwovens market. Winners will be announced on March 30, 2022, at the IDEA®22 show in Miami Beach.
Glatfelter Corporation (NYSE: GLT) has announced that Samuel L. Hillard, CFO, and Ramesh Shettigar, Vice President of ESG, will present at the JP Morgan Global High Yield and Leveraged Finance Conference on February 28, 2022, at 3:30 pm ET. Following the presentation, they will engage in one-on-one meetings with investors. The presentation will be accessible on Glatfelter's Investors page on the morning of the event. Glatfelter focuses on engineered materials and boasts annual sales of approximately $1.4 billion, employing over 3,300 people globally.
Glatfelter Corporation (NYSE: GLT) announced a cash dividend of $0.14 per share on its common stock. The dividend is payable on May 1, 2022, to shareholders of record as of April 1, 2022.
Headquartered in Charlotte, NC, Glatfelter is a global leader in engineered materials, boasting approximately $1.4 billion in annualized net sales and over 3,300 employees. The company specializes in innovative nonwoven solutions for various industries, emphasizing sustainability and technology.
Glatfelter Corporation (GLT) reported a fourth-quarter 2021 loss of $11.2 million ($0.25 per share), contrasting with a profit of $9.1 million from Q4 2020. Consolidated net sales rose to $334.5 million, up from $235.3 million a year earlier, driven by acquisitions and growth in Airlaid Materials. Despite price increases, soaring energy prices in Europe and rising input costs severely impacted profitability. Adjusted earnings also declined to $1.6 million from $9.6 million year-over-year. The company plans to implement strategic pricing actions amid ongoing market challenges.
Glatfelter Corporation (GLT) will release its 2021 fourth-quarter results on February 10, 2022, followed by a conference call at 11:00 AM ET. The earnings release will include significant financial data available on the company's Investor Relations website. Glatfelter, a leader in engineered materials, reported annualized net sales of approximately $1.4 billion and operates globally with over 3,300 employees. The company focuses on innovative nonwovens solutions across various sectors including personal care and hygiene, food and beverage filtration, and medical applications.
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