Company profile

Ticker
GLT
Exchange
CEO
Dante C. Parrini
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
230628360

GLT stock data

(
)

Calendar

5 May 20
14 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 231.56M 230.97M 232.52M 235.05M
Net income 7.41M -44.88M 12.22M 5.83M
Diluted EPS 0.17 -1.02 0.28 0.13
Net profit margin 3.20% -19.43% 5.26% 2.48%
Operating income 12.28M 13.31M 14.54M 15.12M
Net change in cash -21.98M 69.16M -1.9M -17.72M
Cash on hand 104.23M 126.2M 57.05M 58.95M
Cost of revenue 194.69M 194.57M 194.49M 197.55M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 927.67M 866.29M 1.6B 1.61B
Net income -21.54M -177.6M 7.91M 21.55M
Diluted EPS -0.49 -4.06 0.18 0.49
Net profit margin -2.32% -20.50% 0.50% 1.34%
Operating income 54.64M 21.94M 33.25M -21.52M
Net change in cash -16.48M 26.47M 60.78M -49.86M
Cash on hand 126.2M 142.69M 116.22M 55.44M
Cost of revenue 780.13M 735.88M 656.77M 629.47M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
8 Jun 20 David C Elder Common Stock, Par Value $.01 Sale back to company Dispose D No 0 9,500 0 44,805
8 Jun 20 David C Elder Common Stock, Par Value $.01 Option exercise Aquire M No 18.18 13,750 249.98K 55,526
8 Jun 20 David C Elder Stock Only Stock Appreciation Rights Common Stock, Par Value $.01 Option exercise Dispose M No 12.56 13,750 172.7K 0
8 Jun 20 David C Elder Common Stock, Par Value $.01 Payment of exercise Dispose F No 18.18 1,221 22.2K 54,305
9 May 20 Dahlberg Kathleen Common Stock, Par Value $.01 Option exercise Aquire M No 14.9 7,592 113.12K 74,805
9 May 20 Kevin Michael Fogarty RSU Common Stock, Par Value $.01 Grant Aquire A No 0 239 0 7,592
9 May 20 Dahlberg Kathleen RSU Common Stock, Par Value $.01 Option exercise Dispose M No 0 7,592 0 0
9 May 20 Dahlberg Kathleen RSU Common Stock, Par Value $.01 Grant Aquire A No 0 239 0 7,592
9 May 20 Debenedictis Nicholas Common Stock, Par Value $.01 Option exercise Aquire M No 14.9 7,592 113.12K 97,457
9 May 20 Kevin Michael Fogarty RSU Common Stock, Par Value $.01 Option exercise Dispose M No 0 7,592 0 0
93.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 143 154 -7.1%
Opened positions 16 20 -20.0%
Closed positions 27 22 +22.7%
Increased positions 57 53 +7.5%
Reduced positions 43 49 -12.2%
13F shares
Current Prev Q Change
Total value 1.02B 1.67B -38.8%
Total shares 41.49M 41.44M +0.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 6.69M $81.8M -1.8%
Vanguard 4.61M $56.36M +1.7%
Dimensional Fund Advisors 3.7M $45.16M -0.0%
SAMG Silvercrest Asset Management 2.76M $33.73M +1.4%
BEN Franklin Resources 2.75M $33.56M -0.4%
Fuller & Thaler Asset Management 2.03M $24.79M -3.2%
STT State Street 1.44M $17.55M +6.6%
Carlson Capital L P 1.16M $14.18M +76.6%
NTRS Northern Trust 1.12M $13.7M +4.5%
Segall Bryant & Hamill 1.01M $12.33M +20.6%
Largest transactions
Shares Bought/sold Change
Carlson Capital L P 1.16M +503.23K +76.6%
Jacobs Levy Equity Management 71.42K -183.22K -72.0%
Heartland Advisors 501.15K +176.01K +54.1%
Marshall Wace 72.56K -173.56K -70.5%
Segall Bryant & Hamill 1.01M +172.17K +20.6%
Nuveen Asset Management 760.05K +170.5K +28.9%
Arrowstreet Capital, Limited Partnership 325.12K -161.47K -33.2%
UBS UBS 31.39K -147.88K -82.5%
JPM JPMorgan Chase & Co. 317.41K +142.75K +81.7%
Chicago Equity Partners 0 -128.52K EXIT

Financial report summary

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Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • COVID-19 Pandemic  On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic as the virus spread throughout the world. As the virus continued its rapid spread, a significant portion of the world’s economies was significantly impacted, and will continue to be so, by government mandates that all “non-essential” businesses close and that residents “shelter-in-place” or practice “social distancing.” These actions have had, and are likely to have, a significant adverse impact on a wide range of economies and industries throughout the world, including certain markets we serve. As disclosed in Item 1A – Risk Factors of our 2019 Annual Report on Form 10-K, we included a risk factor stating, “Our business and financial performance may be adversely affected by a weak global economic environment or downturns in the target markets that we serve. - Adverse global economic conditions could impact our target markets resulting in decreased demand for our products. Our results could be adversely affected if economic conditions weaken.” The COVID-19 pandemic and the actions undertaken throughout the world in an attempt to contain the virus have had an unprecedented and significant adverse impact on global economies in terms of reduced GDP, increased unemployment, and insolvencies in a variety of industries and markets. As a result, we have experienced and expect to continue to experience weaker demand for certain of our products due to the effects of the pandemic.
  • Through the end of the first quarter of 2020, our financial performance and results of operations have not been meaningfully impacted by the weaker economic conditions as our business was determined to be “essential or life-sustaining” and we continued to produce products used in the global response effort to the pandemic. We believe demand for certain of our products, such as Airlaid
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