company overview headquartered in york, pennsylvania, glatfelter is a global manufacturer of specialty papers and engineered products, offering over a century of experience, technical expertise and world-class service. u.s. operations include facilities in spring grove, pennsylvania, and chillicothe and freemont, ohio. international operations include facilities in germany, france, uk, canada, the philippines and representative offices in china and russia. the company was started by philip h. glatfelter in 1864 and has grown dramatically throughout the years. currently, glatfelter’s sales exceed $1 billion annually and its common stock is traded on the new york stock exchange under the ticker symbol glt. glatfelter and its subsidiaries employ over 4,400 people worldwide. paralleling the commitment to quality products is glatfelter’s dedication to environmental responsibility and sustainability. environmental responsibility is a core value and a key element of glatfelter’s sustain
![Glatfelter logo](/files/LOGO/41719-GLT.png)
Company profile
Ticker
GLT
Exchange
Website
CEO
Dante Parrini
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
International Paper • Resolute Forest Products • Domtar • Sylvamo • Billerud Americas • Mativ • Neenah • Suzano ...
Former names
GLATFELTER P H CO
SEC CIK
Corporate docs
Subsidiaries
Glatfelter Advanced Materials N.A., LLC • Glatfelter Caerphilly, Ltd. • Glatfelter Composite Fibers NA, Inc. • Glatfelter Dresden GmbH • Glatfelter Falkenhagen GmbH • Glatfelter Gernsbach GmbH • Glatfelter Holdings, LLC • Glatfelter Italia SRL • Glatfelter Lydney, Ltd. • Glatfelter Malta Limited ...
IRS number
230628360
GLT stock data
Latest filings (excl ownership)
425
Business combination disclosure
25 Jun 24
425
Business combination disclosure
30 May 24
425
Business combination disclosure
30 May 24
425
Business combination disclosure
30 May 24
8-K
Departure of Directors or Certain Officers
30 May 24
8-K/A
Submission of Matters to a Vote of Security Holders
14 May 24
8-K
Submission of Matters to a Vote of Security Holders
14 May 24
425
Business combination disclosure
13 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Glatfelter Reports First Quarter 2024 Results
9 May 24
Transcripts
GLT
Earnings call transcript
2024 Q1
9 May 24
GLT
Earnings call transcript
2023 Q4
22 Feb 24
GLT
Earnings call transcript
2023 Q3
2 Nov 23
GLT
Earnings call transcript
2023 Q2
3 Aug 23
GLT
Earnings call transcript
2023 Q2
3 Aug 23
GLT
Earnings call transcript
2023 Q1
4 May 23
GLT
Earnings call transcript
2022 Q4
21 Feb 23
GLT
Earnings call transcript
2022 Q3
3 Nov 22
GLT
Earnings call transcript
2022 Q2
2 Aug 22
GLT
Earnings call transcript
2022 Q1
3 May 22
Latest ownership filings
SC 13G/A
BlackRock Inc.
8 Jul 24
SC 13D/A
CARLSON CAPITAL L P
2 Jul 24
4
Clint Duane Carlson
1 Jul 24
11-K
Annual report of employee stock purchases
20 Jun 24
4
Ramesh Shettigar
14 May 24
4
DAVID C ELDER
14 May 24
4
Bruce Brown
13 May 24
4
KATHLEEN DAHLBERG
13 May 24
4
Marie T. Gallagher
13 May 24
4
Kevin Michael Fogarty
13 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 30.18 mm | 30.18 mm | 30.18 mm | 30.18 mm | 30.18 mm | 30.18 mm |
Cash burn (monthly) | 6.96 mm | 4.87 mm | 7.00 mm | 6.88 mm | 11.16 mm | 4.13 mm |
Cash used (since last report) | 26.91 mm | 18.83 mm | 27.06 mm | 26.61 mm | 43.15 mm | 15.97 mm |
Cash remaining | 3.28 mm | 11.35 mm | 3.12 mm | 3.57 mm | -12.97 mm | 14.21 mm |
Runway (months of cash) | 0.5 | 2.3 | 0.4 | 0.5 | -1.2 | 3.4 |
Institutional ownership, Q1 2024
11.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 28 |
Opened positions | 24 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 3.90 bn |
Total shares | 5.15 mm |
Total puts | 0.00 |
Total calls | 10.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Cetus Capital VI | 3.07 mm | $5.95 mm |
Boundary Creek Advisors | 577.91 k | $1.16 bn |
Foundation Resource Management | 432.04 k | $864.07 mm |
Brown Advisory | 309.88 k | $619.75 mm |
Susquehanna International | 221.61 k | $443.23 mm |
BK Bank Of New York Mellon | 150.26 k | $300.52 mm |
Gsa Capital Partners | 107.33 k | $215.00 k |
Haverford Trust | 105.65 k | $211.30 mm |
Assenagon Asset Management | 33.38 k | $66.75 mm |
State Board Of Administration Of Florida Retirement System | 27.35 k | $87.24 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 24 | Carlson Capital L P | Common Stock | Sell | Dispose S | Yes | No | 1.4 | 2,262,984 | 3.17 mm | 4,705,691 |
27 Jun 24 | Carlson Capital L P | Common Stock, par value $0.01 per share (the "Common Stock") | Sell | Dispose S | Yes | No | 1.65 | 207,325 | 342.09 k | 6,968,675 |
12 May 24 | David C Elder | Common Stock, Par Value $.01 | Payment of exercise | Dispose F | No | No | 1.63 | 1,197 | 1.95 k | 107,177 |
12 May 24 | David C Elder | Common Stock, Par Value $.01 | Option exercise | Acquire M | No | No | 1.63 | 4,318 | 7.04 k | 108,374 |
12 May 24 | David C Elder | RSU Common Stock, Par Value $.01 | Option exercise | Dispose M | No | No | 0 | 4,318 | 0.00 | 4,410 |
12 May 24 | David C Elder | RSU Common Stock, Par Value $.01 | Grant | Acquire A | No | No | 0 | 93 | 0.00 | 8,728 |
12 May 24 | Ramesh Shettigar | Common Stock, Par Value $.01 | Payment of exercise | Dispose F | No | No | 1.63 | 1,550 | 2.53 k | 45,151 |
12 May 24 | Ramesh Shettigar | Common Stock, Par Value $.01 | Option exercise | Acquire M | No | No | 1.63 | 4,750 | 7.74 k | 46,701 |
12 May 24 | Ramesh Shettigar | RSU Common Stock, Par Value $.01 | Option exercise | Dispose M | No | No | 0 | 4,750 | 0.00 | 4,851 |
12 May 24 | Ramesh Shettigar | RSU Common Stock, Par Value $.01 | Grant | Acquire A | No | No | 0 | 102 | 0.00 | 9,601 |
News
Berry And Glatfelter Announce New Brand Name In Connection With Proposed Merger Of Berry's Health, Hygiene And Specialties Global Nonwovens And Films Business And Glatfelter, With The Creation Of The Magnera Brand
24 Jul 24
Glatfelter Q1 Adj $(0.33) Down From $(0.13) YoY, Sales $327.26M Down From $378.21M YoY
9 May 24
Press releases
Berry and Glatfelter Announce New Brand Name and Identity in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business and Glatfelter
24 Jul 24
Glatfelter Corporation to Report Earnings on August 8th
16 Jul 24
Glatfelter Reports First Quarter 2024 Results
9 May 24