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Sep 30, 2020
Glatfelter Q3 2020 Earnings Report
Glatfelter reported solid results with Airlaid Materials delivering another quarter of record profitability.
Key Takeaways
Glatfelter's Q3 2020 results showed a slight increase in consolidated net sales, driven by Composite Fibers' growth, while Airlaid Materials achieved record profit despite a sales decrease. The company maintained a focus on operational excellence and cost discipline amidst the COVID-19 pandemic.
Airlaid Materials achieved another quarter of record profit, driven by sequential quarter growth in shipments.
Composite Fibers' shipments increased sequentially by 21%, with improved wallcover demand.
The company continues to maintain efforts to keep Glatfelter PEOPLE safe and ensure the uninterrupted availability of its products.
Glatfelter remains focused on operational excellence and continuing positive momentum to finish the year strong.
Glatfelter
Glatfelter
Forward Guidance
Looking ahead, Glatfelter remains focused on operational excellence and continuing its positive momentum to finish the year strong.