PH Glatfelter (NYS: GLT) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), PH Glatfelter beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share didn't change. GAAP earnings per share shrank significantly.
Margins dropped across the board.
PH Glatfelter booked revenue of $426.4 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $416.0 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $386.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.12. The three earnings estimates compiled by S&P Capital IQ anticipated $0.07 per share. Non-GAAP EPS of $0.12 were the same as the prior-year quarter. GAAP EPS of $0.02 for Q2 were 94% lower than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 9.6%, 100 basis points worse than the prior-year quarter. Operating margin was 1.5%, 130 basis points worse than the prior-year quarter. Net margin was 0.2%, 330 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $470.2 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.76 billion. The average EPS estimate is $1.69.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 183 members out of 186 rating the stock outperform, and three members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give PH Glatfelter a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PH Glatfelter is outperform, with an average price target of $28.33.
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The article PH Glatfelter Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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