Consolidated net sales totaled $412.9 million in the 4Q 2015 compared with $436.3 million in the 4Q 2014. On a constant currency basis, net sales declined $5.1 million, or 1.2%.
“Our 4Q2015 financial results reflect a solid finish to a very challenging year,” said Dante C. Parrini, Chairman and CEO. “In the 4Q, we saw solid growth in key product lines within our Composite Fibers and Advanced Airlaid Materials businesses and earnings growth across all three of our business segments. We also delivered improved overall earnings and cash flow performance as the full effects of our previously announced continuous improvement and cost reduction initiatives were realized."
Glatfelter reported 2015 full year adjusted earnings per diluted share of $1.34 compared with $1.55 per diluted share in 2014.
Net income for 2015 totaled $64.6 million, compared with $69.2 million n 2014. Adjusted earnings totaled $58.9 million, compared with $68.5 million n 2014.
Consolidated net sales for year ended December 31, 2015 were $1,661.1 million compared with $1,802.4 million for 2014. On a constant currency basis, net sales declined $40.3 million, or 2.2%. Shipping volumes declined less than 1%.
Glatfelter is a global supplier of specialty papers and fiber-based engineered materials, offering innovation, world-class service and over a century and a half of technical expertise.
