Glatfelter reported net sales of approximately $329 million and a GAAP net loss from continuing operations of $15.8 million. Adjusted EBITDA was $25.6 million, an $8.3 million increase over Q2 2023. The company achieved increased EBITDA in Composite Fibers and Spunlace, offset by lower EBITDA in Airlaid Materials.
Net sales were ~$329 million, with a GAAP net loss from continuing operations of $15.8 million.
Adjusted EBITDA reached $25.6 million, an $8.3 million increase compared to Q2 2023.
Composite Fibers and Spunlace EBITDA increased by $4.9 million and $3.4 million, respectively.
Airlaid Materials experienced a $2.3 million decrease in EBITDA.
Glatfelter is focused on completing its merger with Berry’s HHNF business, serving customers, and leveraging investments to create value.
Analyze how earnings announcements historically affect stock price performance