GLT - Glatfelter Corporation

Glatfelter Corporation to present at the Sidoti Summer Small Cap Virtual Conference on June 14th

CHARLOTTE, N.C., June 01, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) a leading global supplier of engineered materials, today announced that Thomas Fahnemann, President, and Chief Executive Officer along with Ramesh Shettigar, Senior Vice President, Chief Financial Officer, and Treasurer will be presenting at the Sidoti Summer Small Cap Virtual Conference on Wednesday, June 14, 2023. Glatfelter’s presentation will begin at 9:15 am. Eastern Time. In addition, Thomas and Ramesh wi

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Glatfelter Announces Closure of Ober-Schmitten, Germany Facility

Action taken as part of Company’s Turnaround Strategy to Divest Unprofitable Non-Core AssetsCHARLOTTE, N.C., May 31, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced that it is closing its Ober-Schmitten, Germany, facility due to the ongoing financial underperformance of the electrical and glassine specialty papers manufactured at the site. The actions taken are part of the Company’s turnaround strategy that is aimed

Glatfelter Reports First Quarter 2023 Results

Improved financial performance driven by progress on key turnaround actions2023 First Quarter Highlights Achieved operating income of $6.1 million on a net loss of $13.6 millionImproved Adjusted EBITDA by $1.8 million versus Q1 2022 driven by Airlaid Materials and Composite FibersCash flow from operations improved $35.6 million compared to Q1 2022Completed refinancing transactions to strengthen capital position and address debt maturitiesStreamlined leadership to improve operational efficiency a

Glatfelter to Showcase Newest Product Offerings at INDEX™23

CHARLOTTE, N.C., April 13, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, will be exhibiting at INDEX™23, the world's leading nonwovens exhibition, from April 18-21, 2023, in Geneva, Switzerland. Attendees of the show are invited to stop by Booth 2127 to learn more about Glatfelter and their newest product offerings, including the GlatPure™ portfolio, Sontara® Silk, Sontara EC® Green, and Home Compostable Airlaid Material. “As a pr

Glatfelter Corporation to Report Earnings on May 4th

CHARLOTTE, N.C., April 07, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2023 first-quarter results on Thursday, May 4, 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

Glatfelter Appoints New Chief Operating Officer

~ Streamlines Senior Leadership to Accelerate Business Performance ~CHARLOTTE, N.C., April 05, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced that Mr. Boris Illetschko has been appointed to the role of Senior Vice President, Chief Operating Officer. He replaces the Company’s current Senior Vice President, Chief Commercial Officer, Mr. Christopher W. Astley, and Senior Vice President, Integrated Global Supply Chain a

Glatfelter Announces Milestone Anniversary for Sontara®

~Celebrating Past Success While Embracing Future Possibilities~CHARLOTTE, N.C., April 03, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is proudly celebrating the 50th year anniversary of Sontara® by commemorating past successes and embracing the possibilities of the future. Sontara® has been a trusted name in the nonwovens industry, distinguished by consistent and uncompromising quality, innovation, and customer satisfaction. “To

Glatfelter Corporation Announces Successful Completion of Refinancing Plan

CHARLOTTE, N.C., March 30, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (“Glatfelter” or the “Company”) (NYSE: GLT) announced today that it has completed a series of refinancing transactions that leaves the Company well capitalized and strongly positioned to focus on its turnaround strategy. Summary of Transactions: Glatfelter repaid in full its existing €220,000,000 term loan that would have matured in February 2024, thereby eliminating all near-term debt maturities.The Company amended its e

Glatfelter Corporation to Present at the J.P. Morgan Global High Yield & Leveraged Finance Conference

CHARLOTTE, N.C., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced that Thomas Fahnemann, President and Chief Executive Officer along with Ramesh Shettigar, Senior Vice President, Chief Financial Officer and Treasurer will be presenting at the JP Morgan Global High Yield and Leveraged Finance Conference on Monday, March 6, 2023. Glatfelter’s presentation will begin at 10:00am ET. In addition, Mr. Fahnemann and

Glatfelter Reports Fourth Quarter and Full Year Results Including Progress Toward Executing Turnaround Strategy

2022 Fourth Quarter Highlights Net sales up 12% over Q4 2021, including a full quarter of Spunlace in Q4 2022Operating income for Airlaid Materials up 19% and Composite Fibers up 8%, compared to Q4 2021Spunlace delivered $3.4 million improvement in operating income over Q3 2022Goodwill impairment charge in Composite Fibers due to higher interest rate environmentLowered cash usage from working capital in Q4 largely driven by cash liberation actionsExecuted financing commitment to address upcoming

Glatfelter Corporation to Report Earnings on February 21st

CHARLOTTE, N.C., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), announced today that it expects to issue its 2022 fourth-quarter results on Tuesday, February 21st, 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

Glatfelter Corporation to Attend the Bank of America 2022 Leveraged Finance Conference

CHARLOTTE, N.C., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) a leading global supplier of engineered materials, today announced that Ramesh Shettigar, Senior Vice President, Chief Financial Officer and Treasurer, will be participating in the Bank of America 2022 Leveraged Finance Conference, being held in Boca Raton, Florida, on Tuesday, November 29th and Wednesday, November 30th 2022. Glatfelter’s presentation will begin at 8:10 am EST on Tuesday the 29th. In addition,

Glatfelter Reports Third Quarter Results Including Turnaround Strategy To Drive Improved Profitability Under New CEO

2022 Third Quarter Highlights Improved revenue by 33% attributable to Jacob Holm acquisition (“Spunlace”)Record operating income in Airlaid MaterialsImproved pricing and cost mitigation actions in Composite FibersGoodwill impairment charge of $42.5 million for SpunlaceCompany-wide turnaround strategy launched to drive rapid profit improvement CHARLOTTE, N.C., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported th

Glatfelter Corporation to Report Earnings on November 3rd

CHARLOTTE, N. C., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), announced today that it expects to issue its 2022 third-quarter results on Thursday, November 3, 2022. 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 w

Glatfelter Suspends Dividend as Part of Capital Allocation Reprioritization

CHARLOTTE, N.C., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (“Glatfelter” or “the Company”) (NYSE: GLT), a leading global supplier of engineered materials, today announced that the Board of Directors has suspended the Company’s quarterly cash dividend as part of its focused efforts to optimize the operational and financial results of the business. Kevin M. Fogarty, Non-Executive Chair of Glatfelter’s Board of Directors said, “This is a prudent step that will redirect capital back

Glatfelter Announces Chief Executive Officer Transition

Non-Executive Chairman Role Established to Coincide with Change in Company LeadershipCHARLOTTE, N.C., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced that Mr. Thomas Fahnemann has been appointed to the role of President and Chief Executive Officer, effective immediately. He replaces the Company’s current Chairman and Chief Executive Officer, Mr. Dante C. Parrini, who will be leaving the Company following a 2

Glatfelter Reports Second Quarter 2022 Results

CHARLOTTE, N.C., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported a loss from continuing operations for the second quarter of 2022 of $2.5 million, or $0.05 per share, compared with net income of $1.5 million, or $0.03 per share, in the same period a year ago. On an adjusted basis, earnings from continuing operations for the second quarter of 2022 and 2021 were a loss of $1.6 million, or $0.04 per share, compa

Glatfelter Corporation to Report Earnings on August 2nd

CHARLOTTE, N.C., July 21, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), announced today that it expects to issue its 2022 second-quarter results on Tuesday, August 2, 2022. 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 webs

Glatfelter, Blue Ocean Closures, and ALPLA take Innovation and Sustainability to the Next Level

Glatfelter nominated for the 2022 Packaging Europe Sustainability AwardCHARLOTTE, N.C., June 30, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, is pleased to announce continued progress in its partnership with Blue Ocean Closures (BOC) and ALPLA Group by working with The Absolut Company to develop an innovative natural fiber-based screw cap for Absolut Vodka’s iconic bottle. Glatfelter and ALPLA will support BOC and their partnersh

Sidoti's Summer Small Cap Virtual Conference

* Presentation Times and Weblinks Released for Over 70 Presenting Companies * Wednesday and Thursday, June 15th-16th, 2022NEW YORK, NY / ACCESSWIRE / June 14, 2022 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day Summer Small Cap Virtual Conference taking place Wednesday and Thursday, June 15th-16th, 2022. The links can also be found at www.

Glatfelter Corporation to present at the Sidoti & Company Summer Small Cap Virtual Conference on June 16th

CHARLOTTE, N.C., June 10, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) a leading global supplier of engineered materials, today announced that Dante C. Parrini, Chairman and Chief Executive Officer, and Ramesh Shettigar, Senior Vice President, Chief Financial Officer and Treasurer, will be presenting at the Sidoti & Company Summer Small Cap Virtual Conference on Thursday June 16, 2022. Glatfelter’s presentation will begin at 10:45 am Eastern Time. In addition, management will cond