reports
Glatfelter Reports Third Quarter 2024 Results
Glatfelter Reports Third Quarter 2024 Results ~ Transaction closing and transition to Magnera scheduled for November 4th ~ 2024 Third Quarter Highlights: Generated net sales of ~$332 million and a GAAP net loss from continuing operations of $20.0 millionDelivered Adjusted EBITDA of $24.6 million, compared to $25.5 million in Q3 2023Spunlace generated $4.8 million EBITDA despite hurricane downtime, a $2.5 million increase over Q3 '23Airlaid Materials achieved EBITDA of $18.0 million, a $0.7 million decrease from Q3 '23Composite Fibers delivered EBITDA of $10.1 million, a $1.1 million de...
Glatfelter Shareholders Approve Proposals Related to the Proposed Merg...
Glatfelter Shareholders Approve Proposals Related to the Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter Glatfelter Announces Reverse Stock Split Ratio and Anticipated Effective Date CHARLOTTE, N.C. and EVANSVILLE, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) and Berry Global Group, Inc. (NYSE: BERY) (“Berry”) announced today that Glatfelter’s shareholders have approved all matters relating to the merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films busines...
Berry and Glatfelter Announce Information for Anticipated Completion o...
Berry and Glatfelter Announce Information for Anticipated Completion of Spin-Off and Subsequent Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY) (“Berry”) and Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) announced today that Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business (“HHNF Business”). The sp...
Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes ...
Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes Offering by Berry Subsidiary in Connection with Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter Notes to be Assumed by Magnera at Closing of the Transaction EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE:BERY) (“Berry”) and Glatfelter Corporation (NYSE:GLT) (“Glatfelter”) announced today that Treasure Escrow Corporation (the “Issuer”), currently an indirect, wholly owned subsidiary of Berry, priced an...
Berry and Glatfelter Announce Proposed Offering by a Berry Subsidiary ...
Berry and Glatfelter Announce Proposed Offering by a Berry Subsidiary of Senior Secured Notes in Connection with the Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter Notes to be Assumed by Magnera at Closing EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE:BERY) (“Berry”) and Glatfelter Corporation (NYSE:GLT) (“Glatfelter”) announced today that Berry’s indirect, wholly-owned subsidiary, Treasure Escrow Corporation, a Delaware corporation (the “Issuer”), plans to issue $50...
Glatfelter Announces Tunable Lithium-ion Battery Separator at The Batt...
Glatfelter Announces Tunable Lithium-ion Battery Separator at The Battery Show CHARLOTTE, N.C., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is proud to announce the launch of its OmniSep™ Battery Separator, a cutting-edge solution for the lithium-ion battery market. This innovative product is the result of extensive research and development aimed at advancing electrical energy storage technologies. OmniSep™ was developed to meet the demand for a battery separator that supports high charge and discharge rates (...
Glatfelter Advances Sustainable Espresso Lid Solutions
Glatfelter Advances Sustainable Espresso Lid Solutions CHARLOTTE, N.C., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is proud to announce significant advancements in sustainable materials for espresso pod lids to address the growing demand for eco-friendly packaging solutions in the single-serve coffee market. Building on its established reputation in the tea and coffee sectors, Glatfelter is expanding its sustainable product portfolio with a new biobased espresso lid material. This innovative lid material add...
Berry and Glatfelter Announce Magnera Board of Director Appointments i...
Berry and Glatfelter Announce Magnera Board of Director Appointments in Connection With Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business With Glatfelter CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), and Berry Global Group, Inc. (NYSE: BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry’s Health, Hygiene and Specialties Glob...
Glatfelter Reports Second Quarter 2024 Results
Glatfelter Reports Second Quarter 2024 Results ~ Received Required Antitrust Regulatory Clearances and IRS ruling for Announced Merger ~~ Achieved Meaningful Year-over-Year EBITDA Improvement ~ 2024 Second Quarter Highlights: Generated net sales of ~$329 million and a GAAP net loss from continuing operations of $15.8 millionDelivered $25.6 million of Adjusted EBITDA, an $8.3 million increase over Q2 2023Achieved increased EBITDA over Q2 2023 in Composite Fibers and Spunlace by $4.9 million and $3.4 million, respectively, offset by lower EBITDA in Airlaid Materials by $2.3 million CHARLO...
Berry and Glatfelter Announce New Brand Name and Identity in Connectio...
Berry and Glatfelter Announce New Brand Name and Identity in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business and Glatfelter CHARLOTTE, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films (“HHNF”) business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh’), a global leader in the specialty materials indust...
Glatfelter Corporation to Report Earnings on August 8th
Glatfelter Corporation to Report Earnings on August 8th CHARLOTTE, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2024 second-quarter results on Thursday, August 8, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results. Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at . What:Q2 2024 Glatfelter Ea...
Glatfelter Reports First Quarter 2024 Results
Glatfelter Reports First Quarter 2024 Results ~ Achieved significant merger milestone with expiration of HSR waiting period ~ 2024 First Quarter Highlights: Generated net sales of ~$327 million and a GAAP net loss from continuing operations of $26.2 millionAchieved Q1 Adjusted EBITDA of $23.8 million with an improved EBITDA margin of 7.3%Delivered continued robust Spunlace performance with ~$5 million improved EBITDAImproved Composite Fibers EBITDA by ~$2 million, consistent with expectationsRecorded ~$9 million lower EBITDA in Airlaid Materials primarily due to ongoing European market so...
Glatfelter Announces Key Leadership Appointments in Connection With Pr...
Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry’s Health, Hygiene, and Specialties Global Nonwovens and Films Business ~ Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company ~ James M. Till to serve as Executive Vice President, Chief Financial Officer & Treasurer ~ Tarun Manroa to serve as Executive Vice President, Chief Operating Officer CHARLOTTE, N.C., April 11, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, in ...
Glatfelter Corporation to Report Earnings on May 9th
Glatfelter Corporation to Report Earnings on May 9th CHARLOTTE, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2024 first-quarter results on Thursday, May 9, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results. Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at . What: Q1 2024 Glatfelter Earnings Co...
Glatfelter Reports Fourth Quarter and Year End 2023 Results
Glatfelter Reports Fourth Quarter and Year End 2023 Results ~ Q4 performance in-line with expectations despite reduced production to manage inventory levels ~~ Announced plans for Merger with Berry Global's HHNF business anticipated in second half of 2024 ~ 2023 Fourth Quarter and Year-end Highlights: Generated net sales of $320 million in Q4 and $1.4 billion in 2023; loss from continuing operations of $8.6 million in Q4 and $78.1 million in 2023Achieved Q4 Adjusted EBITDA of $25 million and full-year EBITDA of $93 million, in-line with Q3 performance and consistent with full year guidanc...
Glatfelter Corporation to Report Earnings on February 22nd
Glatfelter Corporation to Report Earnings on February 22nd CHARLOTTE, N.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2023 fourth-quarter results on Thursday, February 22, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results. Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at . What:Q4 2023 Glatfelter ...
Sontara® Announces Partnership with Tzuriel to Strengthen Brand Presen...
Sontara® Announces Partnership with Tzuriel to Strengthen Brand Presence in Latin America CHARLOTTE, N.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is pleased to announce its growing partnership with Tzuriel, a distinguished importer and exporter of specialty products based in Pinhais, Brazil. This collaboration marks a significant step in advancing the Sontara® brand in Latin America. Tzuriel, known for its extensive experience and technical expertise in various specialty markets, will be supporting Sontara®...
Glatfelter Reports Third Quarter 2023 Results
Glatfelter Reports Third Quarter 2023 Results Improved Profitability Despite Continued Difficult Market Conditions 2023 Third Quarter Overview: Generated net sales of ~$330 million and a GAAP net loss from continuing operations of $19.7 millionDelivered strong sequential recovery of Adjusted EBITDA of $25.5 million following one-time Q2 adverse eventsImproved earnings from Turnaround Strategy, delivering highest EBITDA margin of last eight quartersDivested Ober-Schmitten site, eliminating future lossesLowered full-year EBITDA guidance by $10 million due to ongoing industry-wide market we...
Glatfelter Wins Supplier Award by Rockline Industries
Glatfelter Wins Supplier Award by Rockline Industries CHARLOTTE, N.C., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), announced today that Glatfelter Industries Asheville Inc. was the recipient of the prestigious RRITE Supplier Award presented by Rockline Industries at their annual State of Rockline event held at The Gage in West Allis, Wisconsin on October 4, 2023. Rockline nominations for this annual award are provided to suppliers that exemplify Rockline’s values of Renew, Respect, Integrity, Teamwork, and Excellence. This award recognizes Glatfelter as a key su...
Glatfelter Corporation to Report Earnings on November 2nd
Glatfelter Corporation to Report Earnings on November 2nd CHARLOTTE, N.C., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2023 third-quarter results on Thursday, November 2, 2023. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results. Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at . What:Q3 2023 Glatfelter E...
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