“Our 3Q adjusted earnings were strong and an all-time quarterly record of $0.70 per share,” said Dante C. Parrini, chairman and CEO. “Specialty Papers delivered significantly improved results led by excellent operational performance and top-line growth. Advanced Airlaid Materials continues to perform very well, aided by strong demand and production efficiencies and Composite Fibers had a solid quarter when considering the market and economic pressures it is facing.”
For the first nine months of 2014, net income totaled $49.7 million, compared with $50.7 million in the same period of 2013. Adjusted earnings totaled $48.7 million, compared with $46.8 million in 2013.
The sum of individual per share amounts set forth above may not agree to adjusted earnings per share due to rounding.
Consolidated net sales for the first nine months of 2014 were $1,366.2 million, a 6.1% increase compared with $1,287.8 million for the same period of 2013.
Glatfelter is a global supplier of specialty papers and fiber-based engineered materials, offering innovation, technical expertise, and world-class service.