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Improved Profitability Despite Continued Difficult Market Conditions

2023 Third Quarter Overview:

  • Generated net sales of ~$330 million and a GAAP net loss from continuing operations of $19.7 million
  • Delivered strong sequential recovery of Adjusted EBITDA of $25.5 million following one-time Q2 adverse events
  • Improved earnings from Turnaround Strategy, delivering highest EBITDA margin of last eight quarters
  • Divested Ober-Schmitten site, eliminating future losses
  • Lowered full-year EBITDA guidance by $10 million due to ongoing industry-wide market weakness, lower volumes and continued customer destocking

CHARLOTTE, North Carolina – November 2, 2023

Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported financial results for the third quarter of 2023 and provided an update on…




About Glatfelter

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company’s high-quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life®. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s 2023 revenue was $1.4 billion with approximately 2,980 employees worldwide. Glatfelter’s operations utilize a variety of manufacturing technologies including airlaid, wetlaid and spunlace with fifteen manufacturing sites located in the United States, Canada, Germany, France, Spain, the United Kingdom, and the Philippines. The Company has sales offices in all major geographies serving customers under the Glatfelter and Sontara® brands. Additional information about the Company may be found on our website at or connect with us on LinkedIn.