Glatfelter (GLT) Tops Q4 EPS by 8c

Glatfelter (NYSE: GLT) reported Q4 EPS of $0.52, $0.08 better than the analyst estimate of $0.44. Revenue for the quarter came in at $414.6 million versus the consensus estimate of $415.72 million.

Outlook

In the first quarter of 2016, Composite Fibers’ shipping volumes, selling prices and raw material and energy prices are expected to be in-line with the fourth quarter. Maintenance costs are expected to be approximately $1 million higher compared with the fourth quarter of 2015 and no benefit from currency hedging is expected in the first quarter of 2016.

Shipping volumes for Advanced Airlaid Materials in the first quarter of 2016 are expected to be similar to the fourth quarter. Average raw material prices and selling prices are expected to be in-line with the fourth quarter.

For Specialty Papers, the Company expects shipping volumes in the first quarter of 2016 to be approximately 5 percent lower than the fourth quarter of 2015. Selling prices are expected to be slightly lower and input costs are expected to be similar compared to the fourth quarter.

The normalized tax rate for 2016 is expected to be approximately 24 percent.

For earnings history and earnings-related data on Glatfelter (GLT) click here.

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