Glatfelter (GLT) Misses Q3 EPS by 13c
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Glatfelter Reports Third-Quarter 2015 Results
November 3, 2015 6:45 AM ESTYORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) today reported third-quarter 2015 net income of $13.5 million, or $0.31 per diluted share, and adjusted earnings of $20.8 million, or $0.47 per diluted share. For the third quarter of 2014, net income was $30.4 million, or $0.69 per diluted share, and adjusted earnings were $30.8 million or $0.70 per diluted share.
Consolidated net sales totaled $420.0 million in the third quarter of 2015 compared with $465.1 million in the third quarter of 2014. The translation of non-U.S. dollar sales unfavorably impacted the year-over-year comparison by $25.2 million, reflecting a weaker Euro.
At Glatfelter, we continue to take the... More
