Breaking News

Glatfelter sales jump

December 2, 2011

Glatfelter reported that sales jumped 10% to reach a record $416.5 million in the third quarter.

Earnings were $12.8 million, down from $16.7 for the prior year period. These results reflect the continued success of the company's Composite Fibers and Advanced Airlaid Materials businesses, which are described as Glatfelter's global growth engines. The company's Advanced Airlaid business, acquired last year from Concert Industries, grew revenue by 14% to $66 million, driven by the feminine hygiene market. "We are pleased with the continued progress the Advance Airlaid Materials business is making to improve its profitability," says chairman and CEO Dante Parrini. "This was accomplished while also constructing and beginning the start-up of a second proprietary festooning line in Gatineau, Canada."

Operating income in the airlaid business was $4.1 million, marking the third consecutive quarter of higher profitability and a nearly three-fold improvement from results in the same quarter of 2010. Selling increases have outpaced higher input costs and the business's overall performance benefited from previously outlined improvement initiatives including supply chain synergies, waste reduction and higher machine output.

Looking forward, shipping volumes for the Advanced Airlaid Materials business unit in the fourth quarter of 2011 are expected to decline approximately 5% due to normal seasonality. In addition, selling prices and input costs are expected to be largely in-line with the third quarter levels.

  • 2015 International Buyers Guide

    2015 International Buyers Guide

    July 21, 2015
    Our annual Buyers’ Guide lists nearly every supplier and producer involved with the global nonwovens industry.

  • Raw Materials Round Up

    Raw Materials Round Up

    Karen McIntyre, editor||June 8, 2015
    Suppliers create additives, preservatives and other specialties to help nonwovens makers meet their goals.

  • Keeping It Clean

    Keeping It Clean

    Tara Olivo, associate editor||June 8, 2015
    Convenience and continued innovation keeps the household wipes market thriving.