Glatfelter (GLT) Misses Q4 EPS by 2c

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Go back to Glatfelter (GLT) Misses Q4 EPS by 2c

Glatfelter Reports Full Year and Fourth Quarter 2016 Earnings

February 7, 2017 6:55 AM EST

YORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) today reported net income of $21.6 million, or $0.49 per diluted share, for the year ended December 31, 2016 compared with $64.6 million, or $1.47 per diluted share, in the year ended December 31, 2015. Adjusted earnings in 2016, totaled $60.7 million, or $1.38 per diluted share compared with $58.9 million or $1.34 per diluted share, in 2015.

For the fourth quarter of 2016, the Company reported a loss of $16.2 million, or $0.37 per share, including a $25.1 million, after-tax, charge for the Fox River environmental matter. This compared to net income of $34.3 million, or $0.78 per share in the fourth quarter of... More