Glatfelter today reported record sales of $1.6 billion in 2011, an increase of 10%, and earnings of $46 million, representing a 12% increase.
For the fourth quarter of 2011, Glatfelter reported consolidated net sales of $391.9 million, a 4.2% increase from the fourth quarter of 2010.
“Our business units made good progress in 2011,” says Dante Parrini, chairman and chief executive officer. “For example, our Composite Fibers business continued to build on its leading market positions in single-serve coffee and tea products worldwide. Similarly, our Advanced Airlaid Materials business drove increased sales to the global feminine hygiene market, while our Specialty Papers business outperformed the broader uncoated free sheet market for the seventh year in a row. I am particularly pleased with the continued expansion of our operating margins in our growth businesses and the strength of our cash flow.”