German Facility News Today

GLATFELTER REPORTS THIRD QUARTER 2023 RESULTS Improved Profitability Despite Continued Difficult Market Conditions 2023 Third Quarter Overview: ...

Business Fundamentals Remain Sound Despite Persistent Market and Economic Headwinds2023 Second Quarter Overview: Net sales of $357 million and a GAAP net loss from continuing operations of $36.6 millionVolume declined due to industry-wide market weakness and ongoing customer destocking, resulting in ~$7 million loss of earnings when combined with downtime to manage inventory levelsTurnaround Strategy delivered ~$7 million of earnings from price increases and fixed cost reductionsOverall Q2 2023