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 million
• Delivered Adjusted EBITDA of $24.6 million, compared to $25.5 million in Q3 2023
• Spunlace generated $4.8 million EBITDA despite hurricane downtime, a $2.5 million increase over Q3 '23
• Airlaid Materials achieved EBITDA of $18.0 million, a $0.7 million decrease from Q3 '23
• Composite Fibers delivered EBITDA of $10.1 million, a $1.1 million decrease from Q3 '23, due to new sanctions

CHARLOTTE, North Carolina - October 30, 2024

Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced its…

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