Glatfelter’s consolidated net sales totaled $231.6 million and $229.1 million for the three months ended March 31, 2020, and 2019, respectively. On a constant currency basis, Composite Fibers’ net sales increased by 5.5% and Airlaid Materials’ net sales increased by 0.1%.

Airlaid Materials’ net sales decreased $1.6 million in the year-over-year comparison. Strong shipments of table top, home care and wipes products increased volume by 5.6%, while lower selling prices of $4.8 million for contractual pass-through arrangements and a $1.7 million impact from currency translation exceeded the benefits of favorable volume.

“Glatfelter started the year strong by building upon the great strides made through our transformation efforts in 2019,” says Dante C. Parrini, chairman and CEO. “Both segments delivered excellent performance in the first quarter, increasing shipments and improving profitability over the prior year, while also exceeding quarterly expectations. In Airlaid Materials, shipments were up approximately 6% year-over-year, driven by robust demand for table top, home care and wipes products. This growth, coupled with solid operations, enabled Airlaid Materials to deliver a nearly 20% improvement in operating income and quarterly records for profitability and margins. Composite Fibers increased year-over-year shipments by 14% and operating profit improved by 33%, reflecting strong growth across all product categories while benefitting from lower pulp prices, efficient operations and an improved cost structure.”