Glatfelter Q3 Loss Widens Y/Y Amid Cost Pressures, Sanctions
Glatfelter (GLT) ZACKS·2024-11-01 02:01
For the third quarter of 2024, Glatfelter Corporation (GLT) incurred an adjusted loss of 26 cents per share, wider than the prior-year quarter’s loss of 23 cents. The company reported net sales of $332 million, a modest increase over the $329.9 million reported in the third quarter of 2023. Consolidated gross profit declined from $44.5 million in the third quarter of 2023 to $35.5 million in the third quarter of 2024, driven by rising input costs, new sanctions on certain product categories, and ongoing mar ...