Friday, November 19, 2021
Glatfelter Corporation reported income from continuing operations for the 3Q 2021 of $8.1 million, or $0.18 per diluted share, compared with $6.5 million, or $0.15 per share, in the same period a year ago. The 2021 results include the acquisition of Georgia-Pacific’s U.S. nonwovens business prospectively from the May 13, 2021 acquisition date.
Adjusted earnings from continuing operations for the 3Q 2021 and 2020, were $9.5 million, or $0.21 per share, compared with $7.0 million, or $0.16 per share, respectively. Consolidated net sales for the three months ended September 30, 2021 totaled $279.7 million, compared with $233.5 million for the same period in 2020. On a constant currency basis, net sales for Composite Fibers and Airlaid Materials (including Mount Holly) increased by 3.4% and 39.5%, respectively.
Glatfelter is one of the leading global supplier of engineered materials with a strong focus on innovation and sustainability.
Tags: Glatfelter Corporation, lamination, veneer, woodworking, woodworking and manufacturing, woodworking industry, woodworking USA
