Glatfelter Q2 Adj EPS $(0.25) Up From $(0.45) YoY, Sales $329.44M Down From $357.00M YoY
Portfolio Pulse from Benzinga Newsdesk
Glatfelter (NYSE:GLT) reported Q2 adjusted EPS of $(0.25), an improvement from $(0.45) YoY, with sales of $329.44M, down from $357.00M YoY.
August 08, 2024 | 10:53 am
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NEUTRAL IMPACT
Glatfelter's Q2 adjusted EPS improved to $(0.25) from $(0.45) YoY, but sales decreased by 7.72% to $329.44M. The improvement in EPS is a positive sign, but the decline in sales may concern investors.
The improvement in EPS indicates better cost management or operational efficiency, which is positive. However, the decline in sales suggests potential challenges in revenue generation, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100