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Jun 30, 2020
Glatfelter Q2 2020 Earnings Report
Glatfelter reported results for the second quarter of 2020.
Key Takeaways
Glatfelter reported solid second quarter results, with Airlaid Materials achieving record quarterly EBITDA margin of 19%. Composite Fibers outperformed expectations. The Board increased the dividend.
Airlaid Materials achieved record quarterly EBITDA with margin of 19%.
Composite Fibers outperformed expectations for the quarter, due in part to strong shipments in the food and beverage category and better than expected demand for wallcover products.
The Board demonstrated its commitment to a steady return of capital to shareholders by increasing the dividend in the second quarter.
All Glatfelter production facilities remain operational under extensive health and safety protocols.
Glatfelter
Glatfelter
Forward Guidance
No specific forward guidance was provided in the release.