Glatfelter Reports First Quarter 2019 Results

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Go back to Glatfelter Reports First Quarter 2019 Results

Glatfelter (GLT) Tops Q1 EPS by 5c, Revenues Miss

April 30, 2019 6:53 AM EDT

Glatfelter (NYSE: GLT) reported Q1 EPS of $0.16, $0.05 better than the analyst estimate of $0.11. Revenue for the quarter came in at $229.1 million versus the consensus estimate of $241.83 million.

We reported solid results in the first quarter of 2019 delivering on growth targets for our Advanced Airlaid Materials business and making significant progress with the corporate cost reduction initiatives, said Dante C. Parrini, Chairman and Chief Executive Officer. Airlaid Materials shipments and operating income grew nearly 40% compared with the first quarter a year ago, reflecting strong organic growth enabled by the Fort... More