CHARLOTTE, N.C., May 03, 2022 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported a loss from continuing operations for the first quarter of 2022 of $108.3 million, or $2.42 per share, compared with net income of $8.4 million, or $0.19 per share, in the same period a year ago. On an adjusted basis, earnings from continuing operations for the first quarter of 2022 and 2021 were a loss of $6.2 million, or $0.14 per share, compared with adjusted earnings of $8.5 million, or $0.19 per share, respectively. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provided within this release. The 2021 results include the acquisitions of Georgia-Pacific’s U.S. nonwovens business (“Mount Holly”) and Jacob Holm ("Spunlace") as of May 13, 2021 and October 29, 2021, respectively.
Glatfelter Reports First Quarter 2022 Results
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