Feb 11, 2011. /Lesprom Network/. Glatfelter reported net income of $15.3 million for the 4Q 2010, compared with net income of $46 million in the same quarter a year ago which was favorably impacted by alternative fuel mixture credits. Adjusted earnings were $14.6 million, which excludes items of an unusual and non-recurring nature as presented below, compared with $15.3 million in the 4Q 2009, as the company said in a press release received by Lesprom Network. For the year ended December 31, 2010, the company reported net income of $54.4 million, compared with net income of $123.4 million in 2009. The results of operations for both years include the impact of significant unusual and non-recurring items. Consolidated net sales for the 4Q 2010 totaled $376.2 million, a 24.9% increase compared with $301.1 million for the 4Q 2009, reflecting the top-line contributions of the new Advanced Airlaid Materials business unit, share gains in core markets and stronger market conditions for the company’s Composite Fibers and Specialty Papers products. Net sales grew 8.8% excluding the impact of acquisitions and foreign currency changes. “We are pleased to report another solid performance from our Composite Fibers and Specialty Papers business units in the fourth quarter of 2010, which caps a year of meaningful growth and operational advancement,” said Dante C. Parrini, President and CEO. “Our 4Q results were led by the Composite Fibers business, which effectively leveraged its leading market positions into a 13% year-over-year increase in shipments and continued to realize operating efficiencies from its ongoing continuous improvement initiatives resulting in a 14% improvement in operating profit during the quarter. During 2010, Composite Fibers grew revenue by 7% and significantly expanded its margins resulting in a 50% increase in operating profit compared to 2009. Similarly, our Specialty Papers business finished the year with higher year-over-year shipments, again outperforming the broader uncoated free-sheet market, and generating increased operating profit for the sixth consecutive year. Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials.