PH Glatfelter Co. (NYSE:GLT) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.64%.
PH Glatfelter Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0% to $0.12 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Rose 10.27% to $426 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PH Glatfelter Co. reported adjusted EPS income of $0.12 per share. By that measure, the company missed the mean analyst estimate of $0.12. It beat the average revenue estimate of $423.45 million.
Quoting Management: “We generated strong results in our Composite Fibers and Advanced Airlaid Materials businesses during the second quarter,” said Dante C. Parrini, chairman and chief executive officer. “Operating profit for Composite Fibers more than doubled during the quarter driven by both organic growth and a strong start from the Dresden acquisition. Our Advanced Airlaid Materials business improved operating profit by 14 percent driven by a 7 percent improvement in net sales. Shipments for the Specialty Papers business continued to outperform the broader market but lower selling prices and unexpected operating disruptions led to disappointing results for the second quarter.”
Key Stats (on next page)…
Revenue increased 4.85% from $406.29 million in the previous quarter. EPS decreased 70% from $0.40 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.53 and has not changed. For the current year, the average estimate has moved up from a profit of $1.53 to a profit of $1.54 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)