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Glatfelter Corporation (GLT)

NYSE - NYSE Delayed Price. Currency in USD
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13.89-0.11 (-0.79%)
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Neutralpattern detected
Previous Close14.00
Open13.78
Bid13.51 x 800
Ask13.92 x 800
Day's Range13.70 - 13.95
52 Week Range12.91 - 19.48
Volume462,534
Avg. Volume291,141
Market Cap617.434M
Beta (5Y Monthly)1.43
PE Ratio (TTM)28.94
EPS (TTM)0.48
Earnings DateAug 02, 2021 - Aug 06, 2021
Forward Dividend & Yield0.54 (3.52%)
Ex-Dividend DateMar 31, 2021
1y Target Est17.00
  • Glatfelter (NYSE:GLT) Share Prices Have Dropped 30% In The Last Five Years
    Simply Wall St.

    Glatfelter (NYSE:GLT) Share Prices Have Dropped 30% In The Last Five Years

    For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...

  • Glatfelter Completes Acquisition of Georgia-Pacific’s U.S. Nonwovens Business
    GlobeNewswire

    Glatfelter Completes Acquisition of Georgia-Pacific’s U.S. Nonwovens Business

    CHARLOTTE, N.C., May 14, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced it has completed the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, subject to customary purchase price adjustments. The transaction includes Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation along with a nonwovens product development operation and associated employees in Memphis, Tennessee, which collectively employ approximately 140 people. The Mount Holly facility produces high-quality airlaid products focused on wipes and table top materials. The new product development resources will enhance ongoing innovation efforts. “Today’s announcement is a major step forward in Glatfelter’s ongoing transformation as we expand the U.S. footprint of our Airlaid Materials segment. We are excited to welcome Mount Holly and Memphis employees to Glatfelter, and we look forward to combining forces with our Glatfelter team to achieve even greater levels of operational excellence, innovation, and world-class customer service. By leveraging these assets and employee talents, we are confident the synergies from this acquisition will attractively position us to capture and service long-term demand for health and hygiene products. We believe today’s announcement further reinforces our ongoing commitment to make meaningful investments that add scale to the business and enhance Glatfelter’s value in the markets we serve,” said Dante C. Parrini, Chairman & Chief Executive Officer. Glatfelter financed the acquisition through a combination of cash-on-hand and borrowing under its existing revolving credit facility. Credit Suisse acted as Glatfelter’s financial advisor in connection with the transaction, and Shearman & Sterling LLP as its legal advisor. Caution Concerning Forward-Looking Statements Any statements included in this press release which pertain to future financial and business matters are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as “anticipates”, “believes”, “expects”, “future”, “intends”, “plans”, “targets”, and similar expressions to identify forward-looking statements. Any such statements are based on the Company’s current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements including, but not limited to, the impacts of the COVID-19 pandemic, changes in industry, business, market, and economic conditions, demand for or pricing of its products, market growth rates and currency exchange rates. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and Glatfelter undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in Glatfelter’s filings with the U.S. Securities and Exchange Commission, which are available at www.glatfelter.com. About Glatfelter Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $1 billion with customers in over 100 countries and approximately 2,560 employees worldwide. Operations include twelve manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com. Contacts: Investors:Media:Ramesh Shettigar Eileen L. Beck(717) 225-2746(717) 225-2793ramesh.shettigar@glatfelter.comeileen.beck@glatfelter.com

  • Glatfelter Increases Quarterly Dividend to $0.14 per Common Share
    GlobeNewswire

    Glatfelter Increases Quarterly Dividend to $0.14 per Common Share

    CHARLOTTE, N.C., May 06, 2021 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT) today announced that its Board of Directors declared a $0.14 per share cash dividend on its outstanding common stock. The new dividend amount represents a 3.7% increase compared to the prior quarterly amount. The dividend is payable on August 2, 2021, to all shareholders of record as of the close of business on July 1, 2021. About Glatfelter Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative, and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene, and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annual net sales approximate $916 million with customers in over 100 countries and approximately 2,415 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom, and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com. Contacts: Investors:Media:Ramesh Shettigar Eileen L. Beck(717) 225-2746(717) 225-2793ramesh.shettigar@glatfelter.comeileen.beck@glatfelter.com