Glatfelter Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
MAGN$13.05+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss)
| Year ended December 31, | |||
|---|---|---|---|
| In thousands, except per share | 2023 | 2022 | 2021 |
| Net sales | $1,385,516 | $1,491,326 | $1,084,694 |
| Costs of products sold | 1,255,809 | 1,342,524 | 939,899 |
| Gross profit | 129,707 | 148,802 | 144,795 |
| Selling, general and administrative expenses | 109,741 | 125,001 | 121,250 |
| Goodwill and other asset impairment charges | — | 190,556 | — |
| Loss on sale of Ober-Schmitten and other non-strategic operation | 18,365 | — | — |
| Gains on dispositions of plant, equipment and timberlands, net | (1,111) | (2,804) | (5,069) |
| Operating income (loss) | 2,712 | (163,951) | 28,614 |
| Non-operating income (expense) | |||
| Interest expense | (64,739) | (33,207) | (12,353) |
| Interest income | 1,486 | 408 | 73 |
| Other, net | (10,551) | (7,642) | (2,657) |
| Total non-operating expense | (73,804) | (40,441) | (14,937) |
| Income (loss) before income taxes | (71,092) | (204,392) | 13,677 |
| Income tax provision (benefit) | 7,011 | (10,275) | 6,956 |
| Income (loss) from continuing operations | (78,103) | (194,117) | 6,721 |
| Discontinued operations: | |||
| Income (loss) before income taxes | (950) | (91) | 216 |
| Income tax provision | — | — | — |
| Income (loss) from discontinued operations | (950) | (91) | 216 |
| Net income (loss) | $(79,053) | $(194,208) | $6,937 |
| Basic earnings (loss) per share | |||
| Income (loss) from continuing operations | $(1.73) | $(4.33) | $0.15 |
| Loss from discontinued operations | (0.02) | — | — |
| Basic earnings per share | $(1.75) | $(4.33) | $0.15 |
| Diluted earnings (loss) per share | |||
| Income (loss) from continuing operations | $(1.73) | $(4.33) | $0.15 |
| Loss from discontinued operations | (0.02) | — | — |
| Diluted earnings per share | $(1.75) | $(4.33) | $0.15 |
| Weighted average shares outstanding | |||
| Basic | 45,058 | 44,828 | 44,551 |
| Diluted | 45,058 | 44,828 | 44,924 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.