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Glatfelter Corporation (GLT)

NYSE - NYSE Delayed price. Currency in USD
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16.98-0.14 (-0.82%)
At close: 4:00PM EDT

16.98 +0.02 (0.12%)
After hours: 4:01PM EDT

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Trade prices are not sourced from all markets
Previous close17.12
Open17.11
Bid17.01 x 1000
Ask17.04 x 800
Day's range16.68 - 17.11
52-week range11.68 - 19.48
Volume193,385
Avg. volume212,190
Market cap754.79M
Beta (5Y monthly)1.43
PE ratio (TTM)35.38
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.54 (3.15%)
Ex-dividend date31 Mar 2021
1y target estN/A
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News
Press releases
  • Glatfelter Announces Conclusion of Regulatory Process for the Acquisition of Georgia-Pacific’s U.S. Nonwovens Business
    GlobeNewswire

    Glatfelter Announces Conclusion of Regulatory Process for the Acquisition of Georgia-Pacific’s U.S. Nonwovens Business

    CHARLOTTE, N.C., March 26, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced the antitrust regulatory process has concluded and it may now proceed with the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million. The transaction includes Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation and an R&D center for nonwovens product development in Memphis, Tennessee, which collectively employ approximately 140 people. “This is a significant step toward finalizing the acquisition and ensuring a smooth transition in the weeks ahead. The Mount Holly facility, along with the Memphis R&D center, are excellent complements to Glatfelter’s existing business and are important to our ongoing transformation. This transaction will further position us to better serve our customers and provide immediate financial benefit, building on the Company’s strong results in 2020,” said Dante C. Parrini, Chairman and Chief Executive Officer of Glatfelter. The transaction is expected to close by May 31, 2021 after all other customary closing conditions have been met. Glatfelter intends to finance the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility. Caution Concerning Forward-Looking Statements Any statements included in this press release which pertain to future financial and business matters are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as “anticipates”, “believes”, “expects”, “future”, “intends”, “plans”, “targets”, and similar expressions to identify forward-looking statements. Any such statements are based on the Company’s current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements including, but not limited to, the impacts of the COVID-19 pandemic, changes in industry, business, market, and economic conditions, demand for or pricing of its products, market growth rates and currency exchange rates. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and Glatfelter undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in Glatfelter’s filings with the U.S. Securities and Exchange Commission, which are available at www.glatfelter.com. About Glatfelter Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $916 million with customers in over 100 countries and approximately 2,415 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com. Contacts: Investors:Media:Ramesh ShettigarEileen L. Beck(717) 225-2746(717) 225-2793

  • Glatfelter Announces 8% Price Increase for its Composite Fibers Products
    GlobeNewswire

    Glatfelter Announces 8% Price Increase for its Composite Fibers Products

    CHARLOTTE, N.C., March 09, 2021 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT) announced today that effective March 15, 2021 it will increase prices for all Composite Fibers products by up to 8%, or as customer contracts permit. The decision is a direct result of substantial and ongoing global price increases for key raw materials including pulp, synthetic fibers, and other chemicals. Furthermore, the Company does not see any near-term relief from this input cost inflation, which is compounded by continued escalation in energy costs and COVID-related transportation and logistics capacity shortages. “Glatfelter continues its extensive efforts to reduce overall costs and increase manufacturing efficiencies,” said Chris Astley, SVP and Chief Commercial Officer. “However, these initiatives alone are not enough to offset the impact of the input cost inflation being experienced, which is why we are implementing price adjustments. We remain committed to continuing to supply best-in-class products, innovation, and service that our customers have come to expect.” Caution Concerning Forward-Looking Statements Any statements included in this press release which pertain to future financial and business matters are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as “anticipates”, “believes”, “expects”, “future”, “intends”, “plans”, “targets”, and similar expressions to identify forward-looking statements. Any such statements are based on the Company’s current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements including, but not limited to, the impacts of the COVID-19 pandemic, changes in industry, business, market, and economic conditions, demand for or pricing of its products, market growth rates and currency exchange rates. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and Glatfelter undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in Glatfelter’s filings with the U.S. Securities and Exchange Commission, which are available at www.glatfelter.com. About Glatfelter Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $916 million with customers in over 100 countries and approximately 2,415 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com. Contacts: Investors:Media:Ramesh ShettigarEileen L. Beck(717) 225-2746(717) 225-2793ramesh.shettigar@glatfelter.comeileen.beck@glatfelter.com

  • Glatfelter to Participate in NYSE Materials Access Day Conference
    GlobeNewswire

    Glatfelter to Participate in NYSE Materials Access Day Conference

    CHARLOTTE, N.C., March 08, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) announced Dante Parrini, Chairman and Chief Executive Officer, and Samuel Hillard, Senior Vice President and Chief Financial Officer, will participate in the NYSE Materials Access Day investor conference on Tuesday, March 9, 2021. This conference is a virtual-only forum and attendance is by invitation-only. A copy of the slide presentation that will accompany management’s remarks will be available on the Company’s Investor Relations page at https://www.glatfelter.com/investors/webcasts-and-presentations/. About Glatfelter Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $916 million with customers in over 100 countries and approximately 2,415 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com. Contacts: Investors:Media:Ramesh ShettigarEileen L. Beck(717) 225-2746(717) 225-2793