Logotype for Glatfelter Corporation

Glatfelter (GLT) investor relations material

Glatfelter Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Glatfelter Corporation
Q3 2024 earnings summary30 Oct, 2024

Executive summary

  • Q3 2024 net sales were $332.1 million, with adjusted EBITDA of $24.6 million, and a net loss from continuing operations of $20.0 million; segment results were mixed across the portfolio.

  • For the nine months ended September 30, 2024, net sales were $988.8 million, net loss was $57.9 million, and adjusted EBITDA improved to $74.0 million.

  • The merger with Berry Global's HHNF business is expected to close November 4, 2024, creating a leading specialty materials company.

Financial highlights

  • Q3 2024 net sales were $332.1 million, up from $329.9 million in Q3 2023; adjusted operating income was $11.0 million.

  • Adjusted EBITDA margin for Q3 2024 was 7.4%, compared to 7.7% in Q3 2023.

  • Gross profit for the nine months was $106.8 million, with gross margin improving to 10.8%.

  • Adjusted EPS from continuing operations was ($0.26) in Q3 2024, compared to ($0.23) in Q3 2023.

  • Adjusted free cash flow improved to $9.0 million in Q3 2024, and net cash used by operating activities for the nine months improved to $8.4 million.

Outlook and guidance

  • The merger with Berry Global's HHNF business is expected to close in early November 2024, with anticipated strategic and financial benefits.

  • Capital expenditures for 2024 are expected to total between $30 million and $35 million.

  • The company expects to meet near- and long-term cash needs from operating cash flow, cash on hand, and existing credit facilities.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Glatfelter Corporation is a global manufacturer of engineered materials specializing in nonwoven products and advanced fiber-based solutions. The company's product portfolio includes materials used in hygiene products, wipes, tea and coffee filtration, and industrial applications. Glatfelter serves diverse industries such as consumer goods, healthcare, and food and beverage, providing sustainable and innovative solutions. The company is headquartered in Charlotte, North Carolina, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage