Glatfelter Reports Third-Quarter EPS of $.36

Glatfelter GLT today reported its financial results for the quarter and nine months ended September 30, 2010, including adjusted earnings of $0.36 per diluted share in the third quarter of 2010, compared to $0.29 per diluted share a year ago. On a GAAP basis, the Company reported net income of $39.4 million or $0.85 per diluted share, for the third quarter of 2010, compared with net income of $46.0 million or $1.00 per diluted share in the 2009 third quarter. Adjusted earnings were $16.7 million, or $0.36 per diluted share, which excludes items of an unusual and non-recurring nature as set forth below, compared with $13.1 million, or $0.29 per diluted share, in the 2009 third quarter. Adjusted earnings is a non-GAAP measure that excludes from the Company's GAAP-based results certain non-core business items.