Glatfelter (GLT) Tops Q1 EPS by 4c
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Glatfelter Reports First Quarter 2015 Earnings
May 5, 2015 8:19 AM EDTYORK, Pa.--(BUSINESS WIRE)-- Glatfelter (NYSE: GLT) today reported first-quarter 2015 net income of $13.9 million, or $0.32 per diluted share, and adjusted earnings of $13.4 million, or $0.30 per diluted share. For the first quarter of 2014, net income was $14.6 million, or $0.33 per diluted share, and adjusted earnings were $14.1 million or $0.32 per diluted share.
Consolidated net sales totaled $417.5 million in the first quarter of 2015 compared with $455.7 million in the first quarter of 2014. Currency translation adjustments unfavorably impacted the year-over-year comparison by $28 million reflecting a significantly stronger U.S. dollar.
The first quarter of 2015 began with a number of... More
