Sector: Basic Materials | Industry: Paper Products |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4350 Congress Street, Suite 600 CHARLOTTE NC 28209 |
Tel: | N/A |
Website: | https://www.glatfelter.com |
IR: | See website |
Key People | ||
Thomas Michael Fahnemann President, Chief Executive Officer, Director | Ramesh Shettigar Chief Financial Officer, Senior Vice President, Treasurer | Boris Illetschko Chief Operating Officer, Senior Vice President |
Eileen L. Beck Senior Vice President - Global Human Resources & Administration | David C. Elder Chief Accounting Officer, Vice President - Strategic Initiatives, Business Optimization | Jill L. Urey Vice President, General Counsel and Compliance |
Business Overview |
Glatfelter Corporation is a global supplier of engineered materials. The Company offers solutions across tea and single-serve coffee filtration, personal hygiene, as well as in many diverse packaging, home improvement and industrial applications. The Company operates through three segments: Airlaid Materials, Composite Fibers and Spunlace. Its Airlaid Materials segment is engaged in the sales of airlaid nonwoven fabric-like materials used in feminine hygiene products, adult incontinence products, tabletop, specialty wipes, and other airlaid applications. Its Composite Fibers segment is engaged in the sales of single-serve tea and coffee filtration papers, wallcovering base materials, composite laminate papers, technical specialties including substrates for electrical applications, and metallized products. Its Spunlace segment is engaged in the sales of quality spunlace nonwovens for critical cleaning, high-performance materials, personal care, hygiene, and medical applications. |
Financial Overview |
For the fiscal year ended 31 December 2023, Glatfelter Corp revenues decreased 7% to $1.39B. Net loss before extraordinary items decreased 61% to $74.9M. Revenues reflect Spunlace segment decrease of 13% to $317.9M, Composite Fibers segment decrease of 8% to $483.5M, Airlaid Materials segment decrease of 2% to $586.5M, Asia Pacific segment decrease of 26% to $116.3M, Americas segment decrease of 5% to $658.5M. |
Employees: | 2,980 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $884.72M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,386M as of Dec 31, 2023 |
EBITDA (TTM): | $83.67M as of Dec 31, 2023 |
Net annual income (TTM): | -$74.89M as of Dec 31, 2023 |
Free cash flow (TTM): | -$60.56M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $810.05M as of Dec 31, 2023 |
Shares outstanding: | 45,252,530 as of Mar 14, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |