Glatfelter reported its results for the 2Q 2019.Consolidated net sales totaled $235.1 million and $215.7 million for the three months ended June 30, 2019 and 2018, respectively.
On an adjusted basis, earnings from continuing operations for the 2Q 2019 were $8.5 million, or $0.19 per share compared with $4 million, or $0.09 per share, for the same period a year ago.
“Our 2Q results reflect solid overall performance including a record quarter for Advanced Airlaid Materials and meaningful progress towards our previously announced cost reduction targets,” said Dante C. Parrini, Chairman and CEO. “Our Airlaid Materials business continued its strong growth trajectory, increasing both volumes and operating profit approximately 40% over the prior-year period, building on the momentum from earlier this year.”
Source: Lesprom Network