Consolidated net sales totaled $406.4 million and $410.8 million in the second quarters of 2016 and 2015, respectively. Currency translation adjustments favorably impacted the year-over-year comparison by $0.7 million.
“Glatfelter’s second-quarter performance was in line with our expectations and reflects higher shipments in all three of our business units,” says Dante C. Parrini, chairman and CEO. “Advanced Airlaid Materials’ operating profit more than doubled driven by our continued ability to improve efficiencies to meet growing demand in key market segments.”
Parrini adds: “I am pleased with the progress towards completing the significant investment we are making in a new airlaid facility to meet growing demand in key specialty wipes and hygiene markets.”
Advanced Airlaid Materials’ net sales increased $3.3 million in the year-over-year comparison as shipping volumes increased 7.8% primarily due to higher shipments of hygiene products. Lower selling prices impacted the comparison by $1.8 million.