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Glatfelter (GLT)

Glatfelter is a leading global supplier of engineered materials. Its ongoing portfolio transformation is creating a more stable, growth-oriented business, coupled with a leaner cost structure and a new operating model. Headquartered in Charlotte, North Carolina, Glatfelter’s annual revenues are approximately $928 million. Our 2,500 employees serve customers in more than 100 countries.

Company profile

Ticker
GLT
Exchange
CEO
Dante Parrini
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GLATFELTER P H CO
SEC CIK
Subsidiaries
Glatfelter Advanced Materials N.A., LLC • Glatfelter Caerphilly, Ltd. • Glatfelter Costa Rica, S.r.l. • Glatfelter Composite Fibers NA, Inc. • Glatfelter Dresden GmbH • Glatfelter Falkenhagen GmbH • Glatfelter Gernsbach GmbH • Glatfelter Holdings, LLC • Glatfelter Ireland Limited • Glatfelter Italia SRL ...
IRS number
230628360

GLT stock data

Calendar

2 Aug 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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) 71.48M 71.48M 71.48M 71.48M 71.48M
Cash burn (monthly) (no burn) (no burn) 10.05M (no burn) (no burn)
Cash used (since last report) n/a n/a 16.96M n/a n/a
Cash remaining n/a n/a 54.52M n/a n/a
Runway (months of cash) n/a n/a 5.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Christopher W. Astley Common Stock, Par Value $.01 Payment of exercise Dispose F No No 6.34 9,010 57.12K 44,492
1 Aug 22 Christopher W. Astley Common Stock, Par Value $.01 Option exercise Acquire M No No 6.34 30,602 194.02K 53,502
1 Aug 22 Christopher W. Astley RSU Common Stock, Par Value $.01 Option exercise Dispose M No No 0 30,602 0 0
1 Aug 22 Christopher W. Astley RSU Common Stock, Par Value $.01 Grant Acquire A No No 0 3,417 0 30,602
23 May 22 David C Elder Common Stock, Par Value $.01 Buy Acquire P No No 8.1 2,000 16.2K 73,166
20 May 22 David C Elder Common Stock, Par Value $.01 Buy Acquire P No No 7.84 3,000 23.52K 71,166
20 May 22 Parrini Dante C Common Stock, Par Value $.01 Buy Acquire P No No 7.75 3,200 24.8K 454,256
19 May 22 Ramesh Shettigar Common Stock, Par Value $.01 Buy Acquire P No No 7.853 10,000 78.53K 18,525
19 May 22 Parrini Dante C Common Stock, Par Value $.01 Buy Acquire P No No 7.66 10,000 76.6K 451,056
12 May 22 Hall J Robert RSU Common Stock, Par Value $.01 Grant Acquire A No No 0 14,575 0 14,575
2.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 147 153 -3.9%
Opened positions 19 31 -38.7%
Closed positions 25 15 +66.7%
Increased positions 56 48 +16.7%
Reduced positions 47 52 -9.6%
13F shares Current Prev Q Change
Total value 279.67M 503.38M -44.4%
Total shares 40.61M 40.64M -0.1%
Total puts 28K 26.1K +7.3%
Total calls 11K 0 NEW
Total put/call ratio 2.5 Infinity NaN%
Largest owners Shares Value Change
BLK Blackrock 7.39M $50.85M +2.5%
Vanguard 3.86M $26.55M -19.7%
Segall Bryant & Hamill 3.43M $23.63M +5.7%
Dimensional Fund Advisors 3.21M $22.07M -4.6%
Carlson Capital L P 2.93M $20.13M +27.6%
Fuller & Thaler Asset Management 1.81M $12.49M -6.8%
STT State Street 1.58M $11.05M +0.7%
AMP Ameriprise Financial 1.17M $8.04M -22.0%
Royce & Associates 970.52K $6.68M -15.1%
Systematic Financial Management 956.67K $6.58M -13.2%
Largest transactions Shares Bought/sold Change
Vanguard 3.86M -948.68K -19.7%
Carlson Capital L P 2.93M +632.32K +27.6%
NFJ Investment 607.95K +607.95K NEW
SAMG Silvercrest Asset Management 0 -480.39K EXIT
AMP Ameriprise Financial 1.17M -329.13K -22.0%
BAC Bank Of America 814.69K +273.23K +50.5%
Citadel Advisors 347.68K +237.92K +216.8%
Voya Investment Management 331.82K -213.87K -39.2%
Hotchkis & Wiley Capital Management 698.22K +206.14K +41.9%
Segall Bryant & Hamill 3.43M +185.2K +5.7%

Financial report summary

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Risks
  • Our business and financial performance may be adversely affected by a weak global economic environment or downturns in the target markets that we serve.
  • The cost of raw materials and energy used to manufacture our products could increase or the availability of certain raw materials could become constrained.
  • Foreign currency exchange rate fluctuations could adversely affect our results of operations.
  • Our industry is highly competitive and increased competition could reduce our sales and profitability.
  • We may not be able to develop new products acceptable to our existing or potential customers.
  • We are subject to substantial costs and potential liability for environmental matters.
  • We generate a substantial portion of Airlaid Materials' and Spunlace's net sales from one customer serving the hygiene products market, the loss of which could have a material adverse effect on our results of operations.
  • Our operations may be impaired, and we may be exposed to potential losses and liability as a result of natural disasters, acts of terrorism or sabotage or similar events.
  • We have operations in a potentially politically and economically unstable location.
  • Our international operations pose certain risks that may adversely impact sales and earnings.
  • We are subject to cyber-security risks related to unauthorized or malicious access to sensitive customer, vendor, company, or employee information, as well as to the technology that supports our operations and other business processes.
  • We operate in and are subject to taxation from numerous U.S. and foreign jurisdictions.
  • In the event any of the above risk factors impact our business in a material way or in combination during the same period, we may be unable to generate enough cash flow to simultaneously fund our operations, finance capital expenditures, satisfy obligations and make dividend payments on our common stock.
  • We have substantial indebtedness and may incur substantial additional indebtedness, which could adversely affect our financial health and our ability to obtain financing in the future, react to changes in our business and make payments on the notes.
Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • i.risks related to the military conflict between Russia and Ukraine and its impact on our production, sales, supply chain, cost of energy, and availability of energy due to potential natural gas supply issues into Europe from the Nord Stream 1 pipeline;
  • ii.risks associated with the impact of the COVID-19 pandemic, including global and regional economic conditions, changes in demand for our products, interruptions in our global supply chain, ability to continue production by our facilities, credit conditions of our customers or suppliers, or potential legal actions that could arise due to our operations during the pandemic;

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: advisory, appeal, approach, consideration, exceeded, fell, filter, frequently, inability, Nord, pipeline, preacquistion, prohibition, qualitative, quickly, rapid, recoverability, recoverable, short, Stream, successful, successor, sufficiently, weakening
Removed: elevated, Moody, Rating, recently, Standard, subsequent, type

Patents

Utility
Dye-capturing Non-woven Fabric and Method for Producing the Same
4 Aug 22
The present invention relates to a method for producing a dye-capturing non-woven fabric, the method comprising the steps of providing a non-woven substrate and applying a composition to the non-woven substrate, the composition having binding and dye-capturing functionalities.
Utility
Man-made cellulosic fiber and nonwoven product or fabric comprising the cellulosic fiber
26 Apr 22
The present invention relates to a modified cellulosic fiber that comprises anionic moieties in an amount of more than 0.25 mol/kg of dry fiber and has applied thereon a polymeric modifying agent in an amount of from 0.5 wt. % to 5.0 wt. %, based on dry fiber, the polymeric modifying agent comprising cationic moieties with a charge of at least 1.5 meq per gram of polymer and the molar ratio of anionic moieties to cationic moieties contained in the fiber is in the range of from 1:1 to 25:1.
Utility
Nonwoven cleaning substrate
8 Mar 22
The presently disclosed subject matter relates to nonwoven materials and their use in cleaning articles.
Utility
Dispersible non-woven fabric and method for producing the same
4 Jan 22
The present invention relates to a dispersible non-woven fabric, a method for producing a dispersible non-woven fabric and a wipe or tissue.
Utility
Pulp-containing Biodegradable Non-woven Fabric and Method for Producing the Same
4 Nov 21
The present invention relates to a biodegradable non-woven fabric, a method for producing a biodegradable non-woven fabric and a wipe or tissue.