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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 participation in the Sidoti Virtual Small Cap Conference on September 22, 2021. The presentation, led by Chairman and CEO Dante C. Parrini and CFO Samuel L. Hillard, is scheduled for 1:45 p.m. Eastern. Attendees can engage in one-on-one meetings with executives during the event. A webcast of the presentation will be available online, and the company will also share a presentation copy on its Investor page. Glatfelter, a global supplier of engineered materials, generates approximately $1 billion in annual sales and operates manufacturing facilities in several countries.
Glatfelter Corporation (NYSE: GLT) has announced a cash dividend of $0.14 per share for its outstanding common stock. This dividend will be payable on November 1, 2021, to shareholders on record as of October 1, 2021. The company, based in Charlotte, NC, is a leading supplier of engineered materials, serving various sectors including tea and coffee filtration, personal hygiene, and packaging. With annual sales close to $1 billion and over 2,550 employees, Glatfelter operates twelve manufacturing facilities globally.
Glatfelter Corporation (GLT) reported a net income of $1.5 million, or $0.03 per diluted share, for Q2 2021, marking an improvement from a $2.3 million loss in the previous year. Consolidated net sales reached $244.9 million, up from $216.2 million in Q2 2020, aided by the acquisition of Mount Holly. Adjusted earnings from continuing operations were $8.0 million, down from $9.9 million a year ago. The company anticipates stronger benefits from recent price increases in the latter half of 2021, despite ongoing inflationary pressures. Also, the acquisition of Jacob Holm is expected to enhance Glatfelter's product offerings.
Glatfelter Corporation (NYSE: GLT) announced that its Chairman and CEO, Dante C. Parrini, will present at the Jefferies 2021 Virtual Industrial Conference on August 4 at 8:30 AM. The presentation can be accessed via a dedicated link and will be available for replay for 30 days post-conference. One-on-one meetings with investors will also be conducted during the event. A copy of the presentation slides will be available on Glatfelter’s Investors page starting August 4.
Glatfelter Corporation (NYSE: GLT) has announced a definitive agreement to acquire Jacob Holm for an enterprise value of approximately $308 million, including debt extinguishment. This acquisition enhances Glatfelter's presence in spunlace nonwoven fabrics, expanding its reach into critical cleaning, personal care, and medical applications. Jacob Holm generated around $400 million in revenue and $45 million in EBITDA for the last twelve months, benefiting from pandemic-related demand. Glatfelter expects annual cost synergies of $20 million within two years following the acquisition.
Glatfelter Corporation (NYSE: GLT) announced its plans to release second-quarter earnings on August 3, 2021, accompanied by a conference call at 11:00 AM ET to discuss the results. The earnings release and a financial supplement will be available on the Investor Relations website. Glatfelter, a supplier of engineered materials with annual sales of approximately $1 billion, operates twelve manufacturing facilities globally and serves over 100 countries. Further details about the conference call, including dial-in numbers and a webcast link, will be provided.
Glatfelter Corporation (NYSE: GLT) has completed the acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, enhancing its Airlaid Materials segment. This acquisition includes the Mount Holly, North Carolina facility, focusing on wipes and table top materials, and a product development operation in Memphis, Tennessee. Approximately 140 employees join Glatfelter’s workforce. The transaction aims to strengthen Glatfelter’s market position and operational capabilities in the health and hygiene products sector, financed through cash-on-hand and existing credit facilities.
Glatfelter (NYSE: GLT) announced a $0.14 per share cash dividend, marking a 3.7% increase from the previous quarter. The dividend will be payable on August 2, 2021, to shareholders recorded by the close of business on July 1, 2021. With annual net sales around $916 million, Glatfelter supplies engineered materials across various industries including personal hygiene and packaging, and operates eleven manufacturing facilities globally.
Glatfelter Corporation (NYSE: GLT) reported Q1 2021 net income of $8.4 million ($0.19/share), up from $7.4 million ($0.17/share) in Q1 2020. Adjusted earnings fell to $8.5 million ($0.19/share) from $10.8 million ($0.24/share). Consolidated net sales decreased to $225.7 million from $231.6 million, driven by a 1.4% drop in Composite Fibers and an 18.8% drop in Airlaid Materials. Despite challenges, Composite Fibers achieved a 6% operating profit increase. The acquisition of Georgia-Pacific's U.S. nonwovens business is set to close by mid-May, expected to enhance operational capabilities.
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