Glatfelter (GLT) Misses Q1 EPS by 7c
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Glatfelter Reports First Quarter 2018 Earnings
May 1, 2018 6:50 AM EDTYORK, Pa., May 01, 2018 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT) today reported first quarter of 2018 net income of $5.7 million, or $0.13 per diluted share compared with $11.6 million, or $0.26 per diluted share in the first quarter of 2017. Adjusted earnings for the first quarter of 2018 were $8.6 million, or $0.19 per diluted share compared with $17.2 million, or $0.39 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 $410.6 million and $390.7 million for the three months ended March 31, 2018 and 2017, respectively. Foreign currency translation... More
