Glatfelter (GLT) Reports In-Line Q1 EPS

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Go back to Glatfelter (GLT) Reports In-Line Q1 EPS

Glatfelter Reports First Quarter 2017 Earnings

May 2, 2017 6:55 AM EDT

YORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) today reported first quarter of 2017 net income of $11.6 million, or $0.26 per diluted share compared with $16.2 million, or $0.37 per diluted share in the first quarter of 2016. Adjusted earnings for the first quarter of 2017 were $17.2 million, or $0.39 per diluted share compared with $16.3 million, or $0.37 per diluted share, for the same period a year ago. Adjusted earnings is a non-GAAP measure for which a reconciliation is provided within this release.

Consolidated net sales totaled $390.7 million and $402.2 million for the three months ended March 31, 2017 and 2016, respectively. Lower selling prices... More