Glatfelter Corporation (NYSE:GLT) Q2 2023 Earnings Call Transcript August 5, 2023 Operator: Please stand by, we’re about to begin. Good day, and welcome to the Glatfelter’s Q2 2023 earnings release conference call. Today’s conference is being recorded. At this time, I would like to hand the call over to Ramesh Shettigar. Please go ahead. Ramesh […]
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
Pretoria - In pursuit of making quality education accessible to all children with disabilities, the Department of Basic Education has started implementing its new policy that it says will allow all children to access equal education.
Dubai-based Union Properties has reported a net profit of AED825,000 for Q3, compared to a AED31 million ($8.4 million) net loss last year, thanks to its turnaround strategy that continues to show positive results with good progress on cost efficiencies.
As a recipient of taxpayer-funded bailouts, the South African Post Office turnaround plan to get out of its financial mess should be there for all to see. Not so, decided the parliamentary communications committee. As a recipient of taxpayer-funded bailouts, the South African Post Office turnar.