Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Glatfelter Reports Losses - Nonwovens Industry

What are you searching for?

Sign in
Financial, Nonwovens News

Glatfelter Reports Losses

Airlaid sales down $0.8 million in 2016

Author Image

By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Glatfelter reported net income of $21.6 million for the year ended December 31, 2016, compared with $64.6 million in the year ended December 31, 2015. Adjusted earnings in 2016, totaled $60.7 million, compared with $58.9 million in 2015.

Consolidated net sales for the year ended December 31, 2016, totaled $1.6 billion compared with $1.66 billion in 2015. Net sales totaled $390.9 million and $412.9 million in the fourth quarters of 2016 and 2015, respectively. Lower selling prices unfavorably impacted the quarter-over-quarter comparison by $6.4 million and shipping volumes declined 5.2%.  Foreign currency translation unfavorably impacted sales by $4.8 million.

Advanced Airlaid Materials’ net sales decreased $0.8 million in the year-over-year comparison primarily due to $0.7 million of lower selling prices reflecting the impact of cost pass-through arrangements. Shipping volumes increased 1.6%, or 3.3% on a square-meter basis, primarily due to continued growth of wipes and table top products.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics