Glatfelter stays steady, may face Brexit risk in 2021

Ags - Forestry 121 Brexit 170 Earnings 626 Germany 222 Materials - Packaging 40 Quote Watch 394 Trade Deals 961 U.S. 5064 United Kingdom 330

Glatfelter reported unchanged revenues in Q3’20 compared to a year earlier, with the engineered materials manufacturer outperforming analysts’ expectations for a 3.0% decline. U.S. seaborne imports linked to the firm dipped by just 1.4% in Q3 year over year. The firm has stated “demand for certain of our products will remain strong”, though imports in October dipped by 6.2% year over year. As a supplier of “life sustaining” products it is important that Glatfelter has “successfully maintained our global supply chain”. The share of shipments to the U.S. from the U.K. reached 59.9% in Q3’2...

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