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Sep 30, 2021
Glatfelter Q3 2021 Earnings Report
Completed Jacob Holm acquisition, diversified engineered materials portfolio, achieved record quarterly operating profit in Airlaid Materials due to Mount Holly acquisition, and faced inflationary headwinds in Composite Fibers.
Key Takeaways
Glatfelter Corporation reported income from continuing operations for the third quarter of 2021 of $8.1 million, or $0.18 per diluted share, compared with $6.5 million, or $0.15 per share, in the same period a year ago. Consolidated net sales for the three months ended September 30, 2021 totaled $279.7 million, compared with $233.5 million for the same period in 2020.
Completed Jacob Holm acquisition adding significant scale and diversifying engineered materials portfolio
Record quarterly operating profit in Airlaid Materials segment reflects Mount Holly acquisition
Composite Fibers' performance impacted by continued inflationary headwinds
Implemented additional pricing actions to offset higher input costs
Glatfelter
Glatfelter
Forward Guidance
Glatfelter is focused on successfully integrating Jacob Holm, achieving $20 million in synergies, and actively deleveraging the balance sheet.