Glatfelter reports second quarter 2022 results

Charlotte, n.c., aug. 02, 2022 (globe newswire) -- glatfelter corporation (nyse: glt), a leading global supplier of engineered materials, today reported a loss from continuing operations for the second quarter of 2022 of $2.5 million, or $0.05 per share, compared with net income of $1.5 million, or $0.03 per share, in the same period a year ago. on an adjusted basis, earnings from continuing operations for the second quarter of 2022 and 2021 were a loss of $1.6 million, or $0.04 per share, compared with adjusted earnings of $8.0 million, or $0.18 per share, respectively. adjusted earnings is a non-gaap financial measure for which a reconciliation to the nearest gaap-based measure is provided within this release. the 2021 results include the acquisitions of georgia-pacific's u.s. nonwovens business (“mount holly”) and jacob holm ("spunlace") as of may 13, 2021 and october 29, 2021, respectively.
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