Glatfelter 3Q 2019 results: Airlaid Materials’ net sales up by 14.2% and Composite Fibers’ down by 4.2%
YORK, PA, October 31, 2019-
Glatfelter (NYSE: GLT), a leading global supplier of engineered materials, reported its results for the third quarter of 2019. Due to the divestiture of Specialty Papers in October 2018, its results are classified as discontinued operations for all periods presented in this release.
On an adjusted basis, earnings from continuing operations for the third quarter of 2019 were $9.7 million, or $0.22 per share, compared with $(0.2) million, or $0.00 per share, for the same period a year ago. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provided within this release.
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