P.H. Glatfelter Company

08/08/2024 | Press release | Distributed by Public on 08/08/2024 10:56

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 million
  • Delivered $25.6 million of Adjusted EBITDA, an $8.3 million increase over Q2 2023
  • Achieved 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

CHARLOTTE, North Carolina - August 8, 2024: Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported financial results for the second quarter of 2024 and provided an update on progress of…

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