PH Glatfelter Q1 Profit Tops Estimate; Sales Misses

(RTTNews) - PH Glatfelter Co. (GLT) reported first quarter net income of $13.9 million or $0.32 per share, compared to $14.6 million or $0.33 per share for the year-ago quarter.

Excluding items, adjusted earnings for the first quarter were $13.4 million or $0.30 per share, compared to $14.1 million or $0.32 per share in the prior year quarter.

Net sales for the first quarter fell to $417.5 million from $455.7 million a year ago.

Analyst polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $454.96 million for the first quarter. Analysts' estimates typically exclude special items.