Business Fundamentals Remain Sound Despite Persistent Market and Economic Headwinds2023 Second Quarter Overview: Net sales of $357 million and a GAAP net loss from continuing operations of $36.6 millionVolume declined due to industry-wide market weakness and ongoing customer destocking, resulting in ~$7 million loss of earnings when combined with downtime to manage inventory levelsTurnaround Strategy delivered ~$7 million of earnings from price increases and fixed cost reductionsOverall Q2 2023
Glatfelter (NYSE:GLT – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 3rd. Investors that wish to listen to the company’s conference call can do so using this link. Glatfelter (NYSE:GLT – Get Free Report) last announced its quarterly earnings results on Thursday, May 4th. The […]
Glatfelter Co. (NYSE:GLT – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 753,000 shares, a drop of 16.3% from the June 15th total of 899,900 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average […]
Glatfelter Co. (NYSE:GLT – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 753,000 shares, a decline of 16.3% from the June 15th total of 899,900 shares. Approximately 1.8% of the company’s shares are sold short. Based […]
Glatfelter Co. (NYSE:GLT – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.47 and traded as high as $3.48. Glatfelter shares last traded at $3.34, with a volume of 243,770 shares. Analyst Upgrades and Downgrades Separately, StockNews.com began coverage on […]