Glatfelter Corp (GLT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Product					866.3	800.4	761.2
Composite Fibers	523.9	556.8	525.1	521.7	554.9	544.3	517.0	541.5
Specialty Papers								880.7
Advanced Airlaid Materials							244.3	244.6
Other	967.5	527.9	391.4	406.0
Total revenues	1,491.3	1,084.7	916.5	927.7	866.3	800.4	761.2	1,666.7
Revenue growth [+]	37.5%	18.4%	-1.2%	7.1%	8.2%	5.1%	-54.3%	-7.9%
Product					8.2%	5.1%
Composite Fibers	-5.9%	6.0%	0.7%	-6.0%	1.9%	5.3%	-4.5%	-12.4%
Specialty Papers								-3.3%
Advanced Airlaid Materials							-0.1%	-13.2%
Cost of goods sold	1,342.5	939.9	768.6	780.1	735.9	656.8	629.5	1,463.8
Gross profit	148.8	144.8	147.9	147.5	130.4	143.6	131.7	203.0
Gross margin	10.0%	13.3%	16.1%	15.9%	15.1%	17.9%	17.3%	12.2%
Selling, general and administrative	125.0	121.3	99.1	95.0	111.7	110.5	153.2	127.7
Other operating expenses			6.2	-75.3
EBITDA [+]	90.5	85.0	99.2	178.7	66.2	75.1	17.9	138.5
EBITDA growth	6.5%	-14.3%	-44.5%	169.9%	-11.9%	320.1%	-87.1%	-19.7%
EBITDA margin	6.1%	7.8%	10.8%	19.3%	7.6%	9.4%	2.3%	8.3%
Depreciation	56.9	51.7	48.6	42.8	41.8	37.3	34.4	57.9
EBITA	33.6	33.3	50.6	135.9	24.4	37.8	-16.6	80.6
EBITA margin	2.3%	3.1%	5.5%	14.6%	2.8%	4.7%	-2.2%	4.8%
Amortization of intangibles	9.8	9.8	8.0	8.0	5.7	4.8	4.9	5.3
EBIT [+]	23.8	23.5	42.6	127.9	18.7	33.1	-21.4	75.3
EBIT growth	1.1%	-44.7%	-66.7%	584.5%	-43.5%	-254.4%	-128.4%	-26.2%
EBIT margin	1.6%	2.2%	4.6%	13.8%	2.2%	4.1%	-2.8%	4.5%
Non-recurring items [+]	187.8	-5.1	-6.6	73.3	-3.3	-0.2	0.1	-21.1
Loss (gain) on sale of assets	-2.8	-5.1	-1.3	-2.1	-3.3	-0.2	0.1	-21.1
Interest expense, net [+]	32.8	12.3	6.6	9.3	15.1	13.1	13.6	17.2
Interest expense	33.2	12.4	7.0	10.4	15.6	13.3	13.9	17.5
Interest income	0.4	0.1	0.4	1.1	0.6	0.2	0.2	0.3
Other income (expense), net	-7.6	-2.7	-10.2	-79.8	0.4	-0.7	-7.4	-0.6
Pre-tax income	-204.4	13.7	32.4	-34.5	7.3	19.5	-42.6	78.6
Income taxes	-10.3	7.0	11.6	-9.2	7.7	25.1	-28.4	14.0
Tax rate	5.0%	50.9%	35.8%	26.8%	106.2%	128.8%	66.7%	17.8%
Earnings from continuing ops	-194.0	6.5	20.3	-28.9	176.7	-19.1	-49.9	64.6
Earnings from discontinued ops	-0.1	0.2	0.5	3.7	-177.2	13.5	35.7
Net income	-194.1	6.7	20.8	-25.2	-0.4	-5.6	-14.2	64.6
Net margin	-13.0%	0.6%	2.3%	-2.7%	-0.1%	-0.7%	-1.9%	3.9%

Basic EPS [+]	($4.33)	$0.15	$0.46	($0.65)	$4,037.38	($0.44)	($1.15)	$1.49
Growth	-3064.3%	-68.1%	-169.8%	-100.0%	-920081.5%	-61.7%	-177.0%	-7.2%
Diluted EPS [+]	($4.33)	$0.14	$0.45	($0.65)	$4,037.38	($0.43)	($1.13)	$1.47
Growth	-3089.1%	-68.1%	-169.4%	-100.0%	-937591.3%	-61.9%	-177.0%	-6.5%

Dividends per share [+]	$0.28	$0.56	$0.54	$0.52	$520.01	$0.52	$0.50	$0.48
Growth	-49.5%	3.7%	2.9%	-99.9%	100777.7%	4.0%	3.3%	9.1%

Shares outstanding (basic) [+]	44.8	44.6	44.3	44.1	0.0	43.6	43.6	43.4
Growth	0.6%	0.5%	0.5%	100731.7%	-99.9%	0.1%	0.4%	0.5%
Shares outstanding (diluted) [+]	44.8	44.9	44.6	44.1	0.0	44.4	44.1	43.9
Growth	-0.2%	0.7%	1.1%	100731.7%	-99.9%	0.7%	0.4%	-0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.