Glatfelter reports first quarter 2021 results

Charlotte, n.c., may 04, 2021 (globe newswire) -- glatfelter corporation (nyse: glt), a leading global supplier of engineered materials, today reported net income for the first three months of 2021 of $8.4 million, or $0.19 per diluted share, compared with $7.4 million, or $0.17 per diluted share, in the same period a year ago. adjusted earnings from continuing operations for the three months ended march 31, 2021 and 2020, were $8.5 million, or $0.19 per share, compared with $10.8 million, or $0.24 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. consolidated net sales for the three months ended march 31, 2021 totaled $225.7 million, compared with $231.6 million for the same period in 2020. on a constant currency basis, composite fibers' and airlaid materials' net sales decreased by 1.4% and 18.8%, respectively.
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