Glatfelter reported 3Q earnings of $46 million
Nov 03, 2009. Glatfelter reported 3Q earnings of $46 million, or $1 per diluted share, compared with earnings of $21.7 million, or 47 cents per diluted share in the year-ago period.
Nov 03, 2009. /Lesprom Network/. Glatfelter reported 3Q earnings of $46 million, or $1 per diluted share, compared with earnings of $21.7 million, or 47 cents per diluted share in the year-ago period.
3Q income fell to $13.1 million, or 29 cents per diluted share, after excluding $32.9 million worth of after-tax benefits from alternative fuel mixture credits and $2.4 million associated with a timberland installment sale, according to a company statement.
Net sales in the specialty-paper segment dropped 6.4% and net sales in the composite-fibers segment dropped 11.5% in the quarter that ended Sept. 30.
Glatfelter is a global manufacturer of specialty papers and engineered products, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH. International operations include facilities in Germany, France, the United Kingdom and the Philippines and a representative office in China.