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Jun 30, 2024
Glatfelter Q2 2024 Earnings Report
Reported second quarter 2024 results with year-over-year EBITDA improvement.
Key Takeaways
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
Glatfelter
Forward Guidance
Glatfelter is focused on completing its merger with Berry’s HHNF business, serving customers, and leveraging investments to create value.