Glatfelter Reports Fourth Quarter 2017 Results
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Glatfelter (GLT) Tops Q4 EPS by 2c, to Explore Strategic Alternatives for Specialty Papers Business Unit
February 6, 2018 6:50 AM ESTGlatfelter (NYSE: GLT) reported Q4 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $399 million versus the consensus estimate of $391.99 million.
Our fourth-quarter operating performance reflects continued strength of our engineered materials businesses, said Dante C. Parrini, Chairman and Chief Executive Officer. Composite Fibers delivered a 22% increase in operating income compared with the fourth quarter of 2016. Earnings were driven by strong volume growth of 18%, as well as improved operating efficiencies and cost optimization initiatives. Advanced Airlaid Materials grew operating profit by 9% over the fourth quarter a year... More
