Last $23.27 USD
Change Today -0.66 / -2.76%
Volume 328.7K
GLT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

glatfelter (GLT) Snapshot

Open
$23.94
Previous Close
$23.93
Day High
$24.13
Day Low
$23.26
52 Week High
02/12/14 - $32.00
52 Week Low
07/29/14 - $22.83
Market Cap
998.4M
Average Volume 10 Days
176.0K
EPS TTM
$1.38
Shares Outstanding
42.9M
EX-Date
06/30/14
P/E TM
16.8x
Dividend
$0.44
Dividend Yield
1.80%
Current Stock Chart for GLATFELTER (GLT)

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glatfelter (GLT) Details

P. H. Glatfelter Company manufactures and sells specialty papers and fiber-based engineered materials worldwide. Its Specialty Papers business unit provides carbonless and forms papers for credit card receipts, multi-part forms, security papers, and other end-user applications; book publishing papers for the production of hardbound books and other book publishing needs; envelope and converting papers for transactional and the direct mail applications; and engineered products for digital imaging, casting, release, transfer, playing card, postal, FDA-compliant food and beverage, and other specialty applications. The company’s Composite Fibers business unit offers food and beverage papers for single-serve coffee and tea products; non-woven wall covering base materials for use by wallpaper manufacturers;; metalized products that are used in the labeling of beer bottles, packaging innerliners, gift wrap, self-adhesive labels, and other consumer products applications; composite laminates papers, which are used in the production of decorative laminates, furniture, and flooring applications; and technical specialties paper products used in batteries, adhesive tapes, and other engineered applications. Its Advanced Airlaid Materials business unit provides airlaid non-woven fabric-like materials used in feminine hygiene and adult incontinence products, cleaning pads and wipes, food pads, napkins, tablecloths, and baby wipes. The company markets its products directly, as well as through wholesale paper merchants, brokers, and agents. P. H. Glatfelter Company was founded in 1864 and is headquartered in York, Pennsylvania.

4,403 Employees
Last Reported Date: 03/3/14
Founded in 1864

glatfelter (GLT) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $834.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $438.4K
Senior Vice President and General Manager of ...
Total Annual Compensation: $401.4K
Senior Vice President of Human Resources & Ad...
Total Annual Compensation: $279.1K
Vice President and General Manager of Advance...
Total Annual Compensation: $345.8K
Compensation as of Fiscal Year 2013.

glatfelter (GLT) Key Developments

PH Glatfelter Co. Presents at KeyBanc Capital Markets Basic Materials & Packaging Conference, Sep-10-2014 11:00 AM

PH Glatfelter Co. Presents at KeyBanc Capital Markets Basic Materials & Packaging Conference, Sep-10-2014 11:00 AM. Venue: InterContinental Boston, 510 Atlantic Ave., Boston, Massachusetts, United States. Speakers: Dante C. Parrini, Chairman, Chief Executive Officer, President and Member of Finance Committee, John P. Jacunski, Chief Financial Officer and Executive Vice President.

PH Glatfelter Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014; Provides Capital Expenditure Guidance for the Year 2014

PH Glatfelter Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $445.341 million compared to $425.967 million a year ago. Total revenues were $446.131 million compared to $426.391 million a year ago. Operating income was $10.605 million compared to $6.331 million a year ago. Income before income taxes was $5.956 million compared to $2.038 million a year ago. Net income was $4.669 million compared to $0.933 million a year ago. Basic and diluted earnings per share was $0.11 compared to $0.02 a year ago. Adjusted earnings were $3.797 million or $0.09 per diluted share compared to $5.095 million or $0.12 per diluted share a year ago. During the second quarter, used cash from operations of $11.2 million compared to generation of $32.4 million in the second quarter of 2013. The decline in cash flow from operations was driven by higher use of cash this year for working capital and higher cash tax payments. Capital expenditures for the second quarter declined compared to last year due to the completion of the Composite Fibers' capacity expansion project. For the six months, the company reported net sales of $901.062 million compared to $831.156 million a year ago. Total revenues were $907.114 million compared to $832.681 million a year ago. Operating income was $30.903 million compared to $30.292 million a year ago. Income before income taxes was $23.714 million compared to $22.507 million a year ago. Net income was $19.317 million compared to $16.652 million a year ago. Diluted earnings per share was $0.44 compared to $0.38 a year ago. Cash used in operating activities was $21.366 million compared to cash provided by operating activities of $48.227 million a year ago. Capital expenditures were $30.156 million compared to $60.823 million a year ago. Net debt as on June 30, 2014 was $387.422 million compared to $319.443 million as of December 31, 2013. Adjusted earnings were $17.938 million or $0.41 per diluted share compared to $22.463 million or $0.51 per diluted share a year ago. The company expects tax rate in the second half of the year to be about 28%. As is typical for business, the company expects strong cash flow over the second half of the year. For the full year, the company expects capital expenditures of $80 million to $90 million.

Glatfelter Announces Executive Promotions

Glatfelter announced key leadership changes in their corporate headquarters located in York, Pennsylvania. Amy Wannemacher is promoted to Vice President of Tax, and Ramesh Shettigar has joined Glatfelter as Vice President and Treasurer. These executives will report to John Jacunski, Executive Vice President and Chief Financial Officer. Ms. Wannemacher brings over 20 years of global tax leadership and expertise to her assignment. Ms. Wannemacher joined Glatfelter in 2005 as the Director of Tax. Prior to joining Glatfelter, she worked for Dentsply International Inc. for 14 years in a variety of senior tax roles. As Vice President and Treasurer, Mr. Shettigar will assume responsibility for Glatfelter's treasury functions, with responsibilities for global cash and debt management, pensions, insurance, risk management as well as capital markets activity. This includes the effective development of key relationships with banks and rating agencies. Mr. Shettigar brings 16 years of progressive financial and treasury experience to Glatfelter. Most recently, he served as the Director of Treasury at Quest Diagnostics.

 

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GLT Competitors

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Ahlstrom OYJ €7.70 EUR +0.02
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Industry Analysis

GLT

Industry Average

Valuation GLT Industry Range
Price/Earnings 15.2x
Price/Sales 0.6x
Price/Book 1.5x
Price/Cash Flow 14.7x
TEV/Sales 0.3x
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