8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 29, 2013

P. H. Glatfelter Company

(Exact name of registrant as specified in its charter)

Pennsylvania	001-03560	23-0628360
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

96 S. George Street, Suite 520, York, Pennsylvania	17401
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (717) 225-4711

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On October 29, 2013, P. H. Glatfelter (the “Company”) reported its results of operations for the three months and nine months ended September 30, 2013. A copy of the press release issued by the Company is furnished herewith as Exhibit 99.1. The Company also held a teleconference call that same day, during which management discussed the Company’s financial performance for the third quarter of 2013 and other matters relating to its business. A copy of the teleconference transcript is furnished herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

A copy of the press release dated October 29, 2013, to report results of operations for the three months and nine months ended September 30, 2013, is furnished herewith as Exhibit 99.1.

A copy of the transcript from the Company’s teleconference held on October 29, 2013, to discuss its third quarter 2013 results of operations is furnished herewith as Exhibit 99.2.

A copy of the press release and transcript are furnished as Exhibit 99.1 and 99.2 to this Current Report on Form 8-K. The information furnished in this Current Report on Form 8-K and Exhibits 99.1 and 99.2 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

P. H. Glatfelter Company
By:	/s/ John P. Jacunski
	Name:	John P. Jacunski
	Title:	Senior Vice President and Chief Financial Officer

Date: October 30, 2013

Exhibit Index

Exhibit Number	Description
99.1	A copy of the press release dated October 29, 2013, to report results of operations for the three months and nine months ended September 30, 2013
99.2	A copy of the transcript from the Company’s teleconference held on October 29, 2013, to discuss its third quarter 2013 results of operations

EX-99.1

Exhibit 99.1

NEWS RELEASE

Corporate Headquarters 96 South George Street York, Pennsylvania 17401 U.S.A. www.glatfelter.com

For Immediate Release	Contacts:
	Investors:	Media:
	John P. Jacunski	William T. Yanavitch
	(717) 225-2794	(717) 225-2747

GLATFELTER REPORTS THIRD QUARTER 2013 RESULTS

– Adjusted earnings per share increased 25 percent driven by the Dresden acquisition and a favorable tax rate –

YORK, Pennsylvania – October 29, 2013 – Glatfelter (NYSE: GLT) today reported third-quarter 2013 net income of $34.1 million, or $0.77 per diluted share, and adjusted earnings of $24.4 million, or $0.55 per diluted share. These results compare with third-quarter 2012 net income of $20.1 million or $0.46 per diluted share and adjusted earnings in the prior year quarter of $19.4 million or $0.44 per diluted share.

Consolidated net sales for the third quarter of 2013 totaled $456.6 million, a quarterly record and a 12.9 percent increase compared with $404.4 million in the third quarter of 2012 reflecting organic growth on a constant currency basis of 1.5 percent and acquisition growth of 9.9 percent.

“We continue to generate healthy growth in our key markets of tea and single-serve coffee, nonwoven wall covering and feminine hygiene,” said Dante C. Parrini, chairman and chief executive officer. “Our Composite Fibers business delivered a very strong quarter with operating profit increasing 84 percent driven by the Dresden acquisition and organic operating profit growth of 17 percent. Our Advanced Airlaid Materials business grew revenue by 14 percent while operating profit declined slightly compared to last year due to two fires at its facilities during the quarter that disrupted operations. Adjusting to exclude the impact of the unplanned outages, Advanced Airlaid Materials business improved operating profit by 23 percent. Our Specialty Papers business continued to experience difficult market conditions that led to a 16 percent decline in operating profit. However, we expect recent announcements of industry capacity closures to improve the market environment as we move into 2014.”

Mr. Parrini continued, “As we approach the end of 2013, I am encouraged by the performance of our two growth businesses and believe we are well positioned to finish this year strong and with momentum heading into 2014. During the year, we made significant investments to expand our ability to serve attractive global markets where we have leadership positions that I believe will continue to drive improved earnings and healthy free cash flows.”

Adjusted earnings is a non-GAAP measure that excludes certain non-core business items from the Company’s GAAP-based results. The following table sets forth a reconciliation of results determined in accordance with accounting principles generally accepted in the United States of America to non-GAAP adjusted earnings discussed herein:

	For the three months ended September 30
	2013						2012
In thousands, except per share	After tax income			Diluted EPS			After tax income			Diluted EPS
Net income	$	34,119		$	0.77		$	20,099		$	0.46
Acquisition and integration related costs		154			—			—			—
Alternative fuel mixture/Cellulosic biofuel credits		(9,866	)		(0.22	)		111			—
Timberland sales and related costs		(142	)		—			(859	)		(0.02	)
International legal entity restructuring		117			—			—			—
Adjusted earnings	$	24,382		$	0.55		$	19,351		$	0.44

The sum of individual per share amounts set forth above may not agree to adjusted earnings per share due to rounding.

Third-Quarter Business Unit Results

Specialty Papers

	For the three months ended September 30
Dollars in thousands	2013			2012			Change
Tons shipped		203,561			204,531			(970	)	(0.5	)%
Net sales	$	225,690		$	232,620		$	(6,930	)	(3.0	)%
Energy and related sales, net		1,196			1,868			(672	)	(36.0	)%
Operating income		18,072			21,411			(3,339	)	(15.6	)%
Operating margin		8.0	%		9.2	%

On a year-over-year basis, Specialty Papers’ net sales decreased $6.9 million, or 3.0 percent, primarily due to a $3.6 million impact of lower average selling prices, slightly lower shipping volumes and mix changes in the comparison to the third quarter of 2012.

Operating income declined $3.3 million in the year-over-year comparison primarily due to lower average selling prices.

Page 2

Composite Fibers

	For the three months ended September 30
Dollars in thousands	2013			2012			Change
Tons shipped		40,331			23,532			16,799	71.4	%
Net sales	$	161,457		$	110,846		$	50,611	45.7	%
Operating income		18,890			10,293			8,597	83.5	%
Operating margin		11.7	%		9.3	%

Composite Fibers’ results include the financial results of Dresden prospectively from the April 30, 2013 acquisition date.

Net sales for this business increased $50.6 million, or 45.7 percent, primarily due to the inclusion of Dresden. On an organic and constant currency basis, Composite Fibers’ net sales increased $6.5 million or 5.9 percent, primarily due to stronger shipments of single-serve coffee and technical specialties products.

Composite Fibers’ third-quarter 2013 operating income increased by $8.6 million including $6.8 million from the Dresden acquisition, improved product mix, and lower depreciation. Dresden’s results were adversely affected by approximately $2.2 million due to an annual maintenance outage completed in August 2013 during which we successfully increased capacity by 10 percent.

Foreign currency translation favorably impacted operating income by $0.9 million compared with the prior-year quarter.

Advanced Airlaid Materials

	For the three months ended September 30
Dollars in thousands	2013			2012			Change
Tons shipped		24,813			22,809			2,004		8.8	%
Net sales	$	69,501		$	60,888		$	8,613		14.1	%
Operating income		3,929			4,569			(640	)	(14.0	)%
Operating margin		5.7	%		7.5	%

On a year-over-year basis, Advanced Airlaid Materials’ net sales increased $8.6 million, or 14.1 percent, primarily due to an 8.8 percent increase in shipping volumes and a $2.2 million benefit from foreign currency translation.

The Company’s facilities in Gatineau, Quebec, Canada and Falkenhagen, Germany incurred downtime as a result of fires at each mill in August and September, respectively. The fires resulted in a limited loss of shipments during the quarter as customer orders were fulfilled by utilizing other available capacity. The fires adversely affected operating results for the third quarter of 2013 by $1.7 million, net of insurance.

Third quarter 2013 operating income decreased $0.6 million, or 14.0 percent, compared with the year-ago quarter due to the impact of the fires.

Other Financial Information

Pension expense totaled $3.6 million and $2.9 million for the third quarters of 2013 and 2012, respectively. Because the Company’s qualified plan remains overfunded, a cash contribution is not required to be made in 2013 and is not expected to be required for the foreseeable future.

Page 3

Interest expense totaled $4.8 million and $4.2 million in the third quarters of 2013 and 2012, respectively. The increase was primarily due to additional borrowings to fund the Dresden acquisition.

In the third quarter of 2013, the Company recorded an income tax provision of $4.8 million on adjusted pre-tax earnings resulting in an effective tax rate of 16.3 percent. The provision for income taxes includes a $3.0 million benefit related to the release of reserves due to lapse of statutes of limitation, changes in valuation allowances and the reduction of statutory tax rates in a foreign jurisdiction. In the comparable quarter a year ago, the income tax provision totaled $6.4 million and the effective tax rate was 24.9 percent.

Adjusted earnings in the third quarter of 2013 excludes a $9.9 million benefit from the release of tax reserves related to alternative fuel mixture credits earned in 2009, due to the lapse of the applicable statutes of limitation.

2013 Year-to-Date Results

On a GAAP basis, for the first nine months of 2013, the Company reported net income of $50.7 million, or $1.15 per diluted share, compared with net income of $52.4 million, or $1.20 per diluted share, in 2012. For the first nine months of 2013, adjusted earnings totaled $46.8 million, or $1.06 per diluted share, compared with $43.5 million, or $1.00 per diluted share, in 2012. The results of operations for both periods include the impact of significant unusual and non-recurring items. The following table sets forth a reconciliation of results determined on a GAAP basis to adjusted earnings:

	For the nine months ended September 30
	2013						2012
In thousands, except per share	After tax income			Diluted EPS			After tax income			Diluted EPS
Net income	$	50,681		$	1.15		$	52,409		$	1.20
Acquisition and integration related costs		5,884			0.13			—			—
Alternative fuel mixture/Cellulosic biofuel credits		(9,866	)		(0.22	)		(4,329	)		(0.10	)
Timberland sales and related costs		(424	)		(0.01	)		(4,554	)		(0.10	)
International legal entity restructuring		570			0.01			—			—
Adjusted earnings	$	46,845		$	1.06		$	43,526		$	1.00

The sum of individual per share amounts set forth above may not agree to adjusted earnings per share due to rounding.

Consolidated net sales for the first nine months of 2013 were $1,287.8 million, an 8.5 percent increase compared with $1,186.4 million for the same period of 2012. Organic growth totaled 2.1 percent and the remainder related to the Dresden acquisition.

Balance Sheet and Other Information

Cash and cash equivalents totaled $63.6 million as of September 30, 2013, and net debt was $374.9 million, compared with $152.3 million at the end of 2012. (Refer to the calculation of this measure provided in this release.) The increase in net debt was primarily due to the $211 million Dresden acquisition (net of cash acquired), and higher capital expenditures including Composite Fibers’ capacity expansion project.

Capital expenditures totaled $86.1 million in the first nine months of 2013, including $31.5 million to expand Composite Fibers’ capacity compared with $45.0 million and $10.8 million, respectively, in the first nine months of 2012. For 2013, total capital expenditures are estimated to be approximately $110 million.

Adjusted free cash flow was $31.7 million during the first nine months of 2013 compared with $23.6 million in the first nine months of 2012. (Adjusted free cash flow is defined as cash provided by operations less capital expenditures and adjusted to exclude Composite Fibers’ capacity expansion project and the cash impact from alternative fuel mixture and cellulosic biofuel credits. Refer to the calculation of these measures provided in this release.)

Page 4

Outlook

For Specialty Papers, the Company expects shipments to be slightly lower in the fourth quarter of 2013 compared to the third quarter reflecting normal seasonality. Overall selling prices are expected to increase slightly and input costs are expected to be in line with the third quarter.

Composite Fibers’ shipments are anticipated to be approximately 5 percent lower in the fourth quarter of 2013 compared to the third quarter due to seasonality and weakness in metallized products. Selling prices are expected to be generally in line with the third quarter levels and input costs are expected to increase slightly.

Shipping volumes in the Advanced Airlaid Materials business unit in the fourth quarter of 2013 are expected to be down approximately 5 percent reflecting normal seasonality and selling prices and input costs are expected to generally be in line with the third quarter.

Conference Call

As previously announced, the Company will hold a conference call at 11:00 a.m. (Eastern) today to discuss its third-quarter results. The Company’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on Glatfelter’s Investor Relations web site at the address indicated below. Information related to the conference call is as follows:

What:	Glatfelter’s 3rd Quarter 2013 Earnings Release Conference Call
When:	Tuesday, October 29, 2013, 11:00 a.m. (ET)
Number:	US dial 888.335.5539 International dial 973.582.2857
Conference ID:	76435021
Webcast:	http://www.glatfelter.com/about_us/investor_relations/default.aspx
Rebroadcast Dates:	October 29, 2013, 2:00 p.m. through November 12, 2013, 11:59 p.m.
Rebroadcast Number:	Within US dial 855.859.2056 International dial 404.537.3406
Conference ID:	76435021

Interested persons who wish to hear the live webcast should go to the website prior to the starting time to register, download and install any necessary audio software.

Page 5

Caution Concerning Forward-Looking Statements

Any statements included in this press release which pertain to future financial and business matters are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company use words such as “anticipates”, “believes”, “expects”, “future”, “intends” and similar expressions to identify forward-looking statements. Any such statements are based on management’s current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements including, but not limited to: any material adverse changes in the business of Dresden, the Company’s ability to achieve the strategic and other objectives relating to the Dresden acquisition; the Company’s ability to successfully integrate Dresden and achieve the expected results of the acquisition, including, without limitation, the acquisition being accretive; changes in industry, business, market, political and economic conditions in the U.S. and other countries in which the Company does business, demand for or pricing of its products, changes in tax legislation, governmental laws, regulations and policies, initiatives of regulatory authorities, technological changes and innovations, market growth rates, and cost reduction initiatives. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and Glatfelter undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in Glatfelter’s filings with the U.S. Securities and Exchange Commission, which are available at www.glatfelter.com.

About Glatfelter

Headquartered in York, PA, Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, a representative office in China and a sales and distribution office in Russia. Glatfelter’s sales approximate $1.7 billion annually and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Additional information may be found at www.glatfelter.com.

Page 6

P. H. Glatfelter Company and subsidiaries

Consolidated Statements of Income

(unaudited)

	Three months ended September 30						Nine months ended September 30
In thousands, except per share	2013			2012			2013			2012
Net sales	$	456,648		$	404,354		$	1,287,804		$	1,186,399
Energy and related sales, net		1,196			1,867			2,721			5,358
Total revenues		457,844			406,221			1,290,525			1,191,757
Costs of products sold		391,805			347,029			1,126,271			1,030,717
Gross profit		66,039			59,192			164,254			161,040
Selling, general and administrative expenses		34,480			29,380			102,495			89,460
Gains on dispositions of plant, equipment and timberlands, net		(282	)		(1,473	)		(374	)		(8,471	)
Operating income		31,841			31,285			62,133			80,051
Non-operating income (expense)
Interest expense		(4,788	)		(4,152	)		(13,143	)		(12,580	)
Interest income		92			106			240			332
Other – net		(34	)		(4	)		388			295
Total other expense		(4,730	)		(4,050	)		(12,515	)		(11,953	)
Income before income taxes		27,111			27,235			49,618			68,098
Income tax provision (benefit)		(7,008	)		7,136			(1,063	)		15,689
Net income	$	34,119		$	20,099		$	50,681		$	52,409
Earnings per share
Basic	$	0.79		$	0.47		$	1.18		$	1.22
Diluted		0.77			0.46			1.15			1.20
Cash dividends declared per common share	$	0.10		$	0.09		$	0.30		$	0.27
Weighted average shares outstanding
Basic		43,251			42,837			43,118			42,814
Diluted		44,328			43,667			44,213			43,595

Page 7

Business Unit Financial Information

(unaudited)

Three months ended September 30	Specialty Papers				Composite Fibers				Advanced Airlaid Materials				Other and Unallocated						Total
In millions	2013		2012		2013		2012		2013		2012		2013			2012			2013			2012
Net sales	$	225.7	$	232.6	$	161.5	$	110.8	$	69.5	$	60.9	$	—		$	—		$	456.6		$	404.4
Energy and related sales, net		1.2		1.9		—		—		—		—		—			—			1.2			1.9
Total revenue		226.9		234.5		161.5		110.8		69.5		60.9		—			—			457.8			406.2
Cost of products sold		196.4		199.1		129.5		91.2		63.7		54.1		2.3			2.6			391.8			347.0
Gross profit (loss)		30.5		35.4		31.9		19.7		5.8		6.8		(2.3	)		(2.6	)		66.0			59.2
SG&A		12.5		14.0		13.0		9.4		1.9		2.2		7.1			3.9			34.5			29.4
Gains on dispositions of plant, equipment and timberlands		—		—		—		—		—		—		(0.3	)		(1.5	)		(0.3	)		(1.5	)
Total operating income (loss)		18.1		21.4		18.9		10.3		3.9		4.6		(9.1	)		(5.0	)		31.8			31.3
Non-operating expense		—		—		—		—		—		—		(4.7	)		(4.1	)		(4.7	)		(4.1	)
Income (loss) before income taxes	$	18.1	$	21.4	$	18.9	$	10.3	$	3.9	$	4.6	$	(13.8	)	$	(9.0	)	$	27.1		$	27.2
Supplementary Data
Net tons sold		203.6		204.5		40.3		23.5		24.8		22.8		—			—			268.7			250.9
Depreciation, depletion and amortization	$	8.3	$	9.2	$	7.1	$	5.7	$	2.2	$	2.1	$	0.4			—		$	18.0		$	17.1
Capital expenditures		11.1		5.4		12.8		7.5		0.8		1.4		0.7			0.1			25.3			14.4
Nine months ended September 30	Specialty Papers				Composite Fibers				Advanced Airlaid Materials				Other and Unallocated						Total
In millions	2013		2012		2013		2012		2013		2012		2013			2012			2013			2012
Net sales	$	669.8	$	670.5	$	415.9	$	331.4	$	202.2	$	184.5	$	—		$	—		$	1,287.8		$	1,186.4
Energy and related sales, net		2.7		5.4		—		—		—		—		—			—			2.7			5.4
Total revenue		672.5		675.9		415.9		331.4		202.2		184.5		—			—			1,290.5			1,191.8
Cost of products sold		599.7		585.2		334.5		273.5		182.0		164.3		10.0			7.8			1,126.3			1,030.7
Gross profit (loss)		72.8		90.7		81.3		57.9		20.1		20.2		(10.0	)		(7.8	)		164.3			161.0
SG&A		40.3		41.3		34.4		28.8		6.4		7.2		21.3			12.2			102.5			89.5
Gains on dispositions of plant, equipment and timberlands		—		—		—		—		—		—		(0.4	)		(8.5	)		(0.4	)		(8.5	)
Total operating income (loss)		32.5		49.4		46.9		29.1		13.7		13.0		(31.0	)		(11.5	)		62.1			80.1
Non-operating expense		—		—		—		—		—		—		(12.5	)		(12.0	)		(12.5	)		(12.0	)
Income (loss) before income taxes	$	32.5	$	49.4	$	46.9	$	29.1	$	13.7	$	13.0	$	(43.5	)	$	(23.4	)	$	49.6		$	68.1
Supplementary Data
Net tons sold		601.6		587.1		97.9		69.2		72.4		67.9		—			—			771.9			724.2
Depreciation, depletion and amortization	$	24.9	$	27.1	$	17.7	$	17.6	$	6.6	$	6.5	$	0.8			—		$	50.0		$	51.1
Capital expenditures		27.9		19.1		49.0		22.9		4.8		2.8		4.4			0.2			86.1			45.0

The clerical accuracy of the amounts set forth above may be affected by, or the amounts may not agree to the consolidated financial statements included herein due to rounding.

Page 8

Selected Financial Information

(unaudited)

	Nine months ended September 30
In thousands	2013			2012
Cash Flow Data
Cash provided (used) by:
Operating activities	$	95,693		$	48,465
Investing activities		(296,946	)		(36,302	)
Financing activities		166,876			(22,397	)
Depreciation, depletion and amortization		50,028			51,123
Capital expenditures		86,089			45,027
	September 30 2013			December 31 2012
Balance Sheet Data
Cash and cash equivalents	$	63,635		$	97,679
Total assets		1,531,459			1,242,985
Total debt		438,581			250,000
Shareholders’ equity		597,759			539,679

Reconciliation of GAAP Financial Information to Non-GAAP Financial Information

This press release includes a discussion of earnings before the effects of certain specifically identified items, which is referred to as adjusted earnings, a non-GAAP measure. The Company uses non-GAAP adjusted earnings to supplement the understanding of its consolidated financial statements presented in accordance with GAAP. Non-GAAP adjusted earnings is meant to present the financial performance of the Company’s core operations, which consists of the production and sale of specialty papers, composite fibers papers and airlaid non-woven materials. Management and the Company’s Board of Directors use non-GAAP adjusted earnings to evaluate the performance of the Company’s fundamental business in relation to prior periods. The performance of the Company’s operations is evaluated based upon numerous items such as tons sold, average selling prices, gross margins and overhead, among others. Gains on the sale of timberlands, alternative fuel mixture credits, acquisition and integration related costs, and restructuring charges, among others, are excluded from the Company’s calculation of non-GAAP adjusted earnings because management believes each of these items is unique and not part of the Company’s core business, and will only impact the Company’s financial results for a limited period of time. Gains from timberland sales are distinct from revenues generated from paper product sales. Unlike items such as cost of raw materials and overhead costs, acquisition and integration related costs, and restructuring charges are unique items that do not represent direct costs incurred in the manufacture and sale of the Company’s products.

Unlike net income determined in accordance with GAAP, non-GAAP adjusted earnings does not reflect all charges and gains recorded by the Company for the applicable period and, therefore, does not present a complete picture of the Company’s results of operations for the respective period. However, non-GAAP adjusted earnings provides a measure of how the Company’s core operations are performing, which management believes is useful to investors because it allows comparison of such operations from period to period. Non-GAAP adjusted earnings should not be considered in isolation from, or as a substitute for, measures of financial performance prepared in accordance with GAAP.

Page 9

The following tables set forth the calculations of free cash flow and net debt.

Calculation of Adjusted Free Cash Flow

	Nine months ended September 30
In thousands	2013			2012
Cash from operations	$	95,693		$	48,465
Less: Capital expenditures		(86,089	)		(45,027	)
Add back: Composite Fibers capacity expansion		31,518			10,765
Exclude: Cellulosic biofuel/Alternative fuel mixture credits		(9,406	)		9,387
Adjusted free cash flow	$	31,716		$	23,590
Net Debt
In thousands	September 30 2013			December 31 2012
Short term debt	$	—		$	—
Long term debt		438,581			250,000
Total		438,581			250,000
Less: Cash		(63,635	)		(97,679	)
Net Debt	$	374,946		$	152,321

Non-GAAP adjusted earnings, free cash flow and net debt should not be considered in isolation from, or as substitutes for, measures of financial performance prepared in accordance with GAAP.

Page 10

EX-99.2

EXHIBIT 99.2

CONFERENCE CALL TRANSCRIPT

OCTOBER 29, 2013

CORPORATE PARTICIPANTS

John Jacunski Glatfelter - SVP, CFO

Dante Parrini Glatfelter - Chairman, CEO

CONFERENCE CALL PARTICIPANTS

James Armstrong Vertical Research Partners - Analyst

Steve Chercover D.A. Davidson & Co. - Analyst

Mark Wilde Deutsche Bank - Analyst

Eric Miller Advisory Research - Analyst

PRESENTATION

Operator

Good morning. My name is Amy and I will be your conference operator today. At this time, I would like to welcome everyone to the Glatfelter third quarter earnings call. (Operator Instructions). Thank you. Mr. Jacunski, you may begin your conference.

John Jacunski - Glatfelter - SVP, CFO

Thank you, Amy, good morning and welcome to Glatfelter’s 2013 third quarter earnings conference call. I’m John Jacunski, I’m the Company’s CFO. Before we begin our presentation I have a few standard reminders.

During our call this morning, we’ll use the term adjusted earnings, as well as other non-GAAP financial measures. A reconciliation of these financial measures to our GAAP based results is included in today’s earnings release, and in the investors slides.

We will also make forward-looking statements today that are subject to risks and uncertainties. Our 2012 form 10-k filed with the SEC and today’s release, both of which are available on our website, disclose factors that could cause our actual results to differ materially from these forward looking statements. These forward looking statements speak only as of today and we undertake no obligation to update them. And finally, we have made available a slide presentation to accompany our comments on this mornings call. You may access the slides on our website, or through this mornings webcast provider.

I’ll now turn the call over to Dante Parrini, Glatfelter’s Chairman, and CEO.

1

Dante Parrini - Glatfelter - Chairman, CEO

Thank you, John. Good morning, and thank you for joining us to discuss our third quarter earnings report, issued earlier today.

As you see on slide three, we continue to generate healthy growth in our fiber based engineered materials businesses during the quarter with consolidated revenue advancing 11% on a constant currency basis to $457 million, a quarterly record. This growth, driven by our key product lines including single serve coffee, non woven wall covering, and feminine hygiene, along with a favorable tax rate, drove a 25% increase in adjusted earnings per share compared to the year ago quarter. We achieved this improvement despite difficult market conditions in specialty papers and the impact of two fires in our Advanced Airlaid Materials business, which I’ll speak to great in greater detail later in today’s call.

Our Composite Fibers business delivered a record quarter with $161 million in revenue and an 84% increase in operating profit. This was driven by the Dresden acquisition, together with a 17% improvement in operating profit from the legacy business. During the quarter, Dresden successfully completed an investment that provides a 10% increase in capacity to serve the attractive global non-woven wall covering market, and we’ve nearly completed the ramp-up of the incline wire capacity expansion in Gernsbach that was installed in the second quarter.

With this additional capacity, we are better positioned to serve the growing single serving coffee, tea, and technical specialty markets.

Our Advanced Airlaid Materials business also had strong revenue growth with shipments increasing 9%, and revenue up 11% on a constant currency basis. However, these increases were more than offset by the $1.7 million impact of two fires resulting in operating profit declining by 14%.

When adjusting to exclude the impact of these incidents, operating profit increased 23%.

Our specialty papers business continued to experience difficult market conditions during the quarter, leading to a 16% decline in operating profit due to the lower pricing environment. Although, I’m pleased to say that we see the trajectory for this business improving.

During the quarter, we also continued to generate healthy free cash flow, totaling $28 million. I’ll now turn it over to John for a more in-depth review of our third quarter results, and then I’ll offer some additional perspectives on the business. John?

John Jacunski - Glatfelter - SVP, CFO

Thank you, Dante. For the third quarter we reported adjusted earnings of $24.4 million, or $0.55 per share, an increase of 25% after adjusting to exclude a $0.22 benefit from the release of tax reserves established for the alternative fuel mixture credits due to the lapse of the statute of limitations as shown in this morning’s release.

These results compare to adjusted earnings of $19.4 million, or $0.44 per share in the third quarter of last year.

Slide 4 shows a bridge of adjusted earnings per share from the third quarter of last year to this year.

The decline in operating income from Specialty Papers, primarily due to the lower pricing environment, reduced earnings per share by $0.06.

Improved earnings from Composite Fibers added $0.15 per share, which includes the Dresden acquisition for a full quarter. Net of interest cost, the Dresden acquisition was $0.10 accretive to earnings during the third quarter.

Advanced Airlaid Material results reduced earnings per share by $0.01 in comparison reflecting the impact of the fires.

2

And the tax rate on adjusted earnings in the third quarter was 16% compared to 25% a year ago, which improved adjusted earnings per share by $0.06.

The lower tax rate this quarter was due to the release of reserves due to the expiration of statute of limitations on audit period, changes in valuation allowances, and the reduction of statutory tax rates in a foreign jurisdiction.

Slide five provides a summary of Specialty Paper results during the quarter.

Net sales decreased 3% or $6.9 million due to pricing weakness and slightly lower shipping volumes together with mix changes.

Although shipments of book publishing products were 2% higher in the comparison, this was offset by declines in all of the categories.

Engineered product shipments were down 5% compared to the same quarter a year ago, however, on a sequential basis, shipping volumes increased 6%.

Shipments of carbon less products also declined 5%, slightly better than the overall market decline, and non-carbon less forms and envelope products were each down 1%.

Overall, average selling prices were up $3.6 million this quarter compared to last year’s third quarter, driven by book, envelope, and forms, offset somewhat by higher prices for engineered products.

With recent capacity closure announcements, Glatfelter, along with others in the industry, announced a price increase of $60 per ton on a broad range of products, including book, envelope, non-carbon less forms, and certain engineered products, effective the end of October. While we expect the price increase to be successful as is typical, we expect it to be phased in with a limited impact in Q4 and a more pronounced impact to the first quarter of 2014.

From an operating prospective, Specialty Papers made progress during the quarter after a difficult second quarter. We expect to see continued improvements in our operating performance in the fourth quarter.

Slide 6 summarizes our record quarter for Composite Fibers.

Revenue increased 46% during the quarter to $161.5 million, reflecting the Dresden acquisition and organic growth of 6% on a constant currency basis. Excluding the Dresden acquisition, shipping volumes were down slightly, however, mix improved.

Food and beverage shipments increased 9%, led by single serve coffee shipments that increased 49%, and shipments of technical specialties also increased by 9%. Composite laminate shipments were down 22% reflecting the impact of machine upgrade to expand our inclined wire capacity, and metallized product shipments were down 7% percent reflecting weakness in this market segment.

Operating profit for the business increased $8.6 million, or 84% compared to the year ago quarter, and operating margins expanded by 240 basis points. The Dresden operation performed very well during the quarter, contributing $6.8 million to operating income. You may recall, last quarter we indicated we would be completed the annual maintenance outage at the Dresden facility during the quarter. During this outage, which negatively impacted the third quarter results by $2.2 million, we completed a capital investment that has increased capacity by approximately 10% and provides the ability to grow with the market that we estimate is growing approximately 10% per year.

Excluding the Dresden acquisition, operating income improved $1.8 million, or 17%, driven by a stronger mix, lower depreciation, and favorable exchange rates. With respect to the Gernsbach machine upgrade completed during the second quarter, we continue to ramp up our production rates and the qualification of products with customers during the quarter.

3

We will complete the final fine tuning of the machine during the fourth quarter, but we do not expect any significant cost impact from this. The upgrade has gone very well and provides us with additional capacity we need to continue meeting the growing market demand for tea, coffee, and Technical Specialties products.

Advanced Airlaid Material results are summarized on slide seven.

This business had a strong quarter from a revenue prospective as it continued to roll out its generation of products for the hygiene markets.

Net sales on a constant currency basis were up 11%, to $69.5 million, and shipping volume increased 9%. The increased volume generated a $1.5 million improvement to operating profit during the quarter. Slightly lower selling prices and slightly higher input costs negative impacted results for the quarter by $700 thousand.

This business was also negatively impacted by fires at each of its facilities during the quarter. The fire in Gatineau resulted in twelve days of down time on one of its machines, while the fire at Falkenhagen resulted in down time of six days on a machine. We were able to use capacity available at our Falkenhagen facility to minimize the impact to customers.

Overall, lost shipments during the quarter due to the fires was approximately 400 metric tons. These incidents are covered by insurance so the impact to the quarter was $1.7 million, including deductibles totaling $1.5 million, plus the impact of the lost shipments. Both facilities recovered well from the fires and are producing at expected levels.

As a result of the fires, operating profit for the quarter declined 14%, to $3.9 million. Excluding the impact of the fires, operating profit increased 23%, continuing this business’ improvement trend.

Slide 8 slows corporate costs and other financial items for the quarter.

During the quarter, we incurred minor integration costs related to the Dresden acquisition and we don’t expect any significant costs going forward. We also completed the international legal entity restructuring during the quarter at a cost of $2.1 million but these costs were offset by a $2 million dollar benefit included in the income tax line. You can also see in the slide that our corporate costs remained in line with the year ago quarter.

The status of our pension plans are shown on slide 9.

Pension expense increased $700 thousand dollars in the third quarter of this year compared to the same quarter last year, and we expect full-year expense to be up $2.7 million, largely due to the impact of lower discount rates. However, our plan remains overfunded. We have not had to make cash contributions to our qualified plan for quite some time and we do not expect to make contributions for the foreseeable future.

Slide 10 slows our free cash flow.

During the third quarter, we generated cash flow from operations of $48 million, and $96 million on a year-to-date basis, both of which are dramatically higher than the year ago periods. This was driven primarily by lower cash tax payments and improved working capital utilization.

Capital expenditures for the quarter and year-to-date increased compared to last year primarily due to the Composite Fibers capacity expansion project and CapEx that carried over from 2012.

Free cash flow adjusted to exclude the impact of the Composite Fiber’s capacity expansion, and the alternative fuel and Cellulosic Bio-fuel credits, was strong in the quarter at $28 million compared with $26 million in the third quarter of 2012. The fourth quarter is typically a strong quarter for free cash flow generation and we expect this to be the case this year as well.

4

Finally, slide 11 shows some balance sheet and liquidity metrics.

Our balance sheet remains in good shape with leverage on a net debt basis of 2.2 times at September 30th, and pro forma to include a full year of Dresden, our leverage was 1.9 times.

We finished the quarter with $64 million of cash and $214 million available under our revolving credit facility, so we have ample liquidity to continue to execute our growth strategy.

This concludes my comments. I’ll turn the call back to Dante.

Dante Parrini - Glatfelter - Chairman, CEO

Thanks, John.

Before opening the call for your questions, I want to address the fires we experienced in our Airlaid business and provide a few comments on our outlook.

As mentioned earlier during the call, we experienced fires at both Airlaid facilities during the quarter. Most importantly, we’re relieved that no one was injured in either of the incidents. Glatfelter people and emergency responders performed very well in extinguishing the fires, protecting our employees, minimizing damage, and caring for our customers.

Safety is a key area of focus for Glatfelter. We’ve made significant progress in improving our safety performance over the last several years and our commitment is unwavering. We’re undertaking a thorough examination of the root of the cause of these fires as well as our operating procedures. We’ve all ready taken steps to expand and improve maintenance and operating procedures, and we’ve identified a number of additional opportunities to mitigate the risks inherent in our operations.

While no one can provide absolute assurance that further incidents will not happen, we believe we’re taking the appropriate steps to substantially reduce the risk.

Now, turning to our Q4 outlook, I refer you to slide 12 for our expectations where we’re anticipating a normal seasonal slowdown as we approach year-end and relatively stable pricing and input costs compared to the third quarter.

As I look beyond the fourth quarter, I see ongoing opportunities for our business resulting from a number of actions taken over the last year.

Clearly, the Dresden acquisition is providing access to the high growth non-woven wall covering market, and we head into 2014 with additional capacity to bolster our leading position in this segment.

Capacity expansions in our composite fiber business will enable us to more fully serve other growth markets of single serve coffee, tea, and technical specialties.

In addition to the rollouts of next generation products for the feminine hygiene market, targeted investments in our Airlaid business will generate incremental capacity to serve the growing personal care and home care markets.

And our ongoing focus on continuous improvement is driving efficiency gains, reducing waste, and lowering costs. In addition, we expect the recent announcements of uncoated free sheet industry capacity closures will improve the market environment for Specialty Papers, providing opportunities for improved pricing and a more favorable mix.

5

And lastly, we continue to have the balance sheet capacity to fund growth initiatives and return value to shareholders. For all these reasons, I’m quite optimistic about 2014 for Glatfelter. I believe we’re very well positioned to continue to drive earnings growth and healthy free cash flows yet again. At this point, I’ll open the call for questions.

QUESTION AND ANSWER

Operator

(Operator Instructions). Your first question comes from the line of James Armstrong, with Vertical Research Partners.

James Armstrong - Vertical Research Partners - Analyst

Good morning.

John Jacunski - Glatfelter - SVP, CFO

Good morning, James.

James Armstrong - Vertical Research Partners - Analyst

A few questions. First, on the single serve coffee market, could you give us an update on that and if you’re seeing any impact from private label on that market? Do you think it’s generating additional demand and if so, could you put some bands around it?

Dante Parrini - Glatfelter - Chairman, CEO

Sure. This is Dante. We’re very pleased with the overall development in growth of single serve coffee and the market position that Glatfelter enjoys as a leading supplier to the producers in this particular category. As we stated in our prepared remarks, we had substantial year-over-year growth in coffee so we think that the category is a very healthy one, and that the interest that the category has attracted by other participants has not had a negative impact on Glatfelter’s business.

James Armstrong - Vertical Research Partners - Analyst

Okay, that helps. Then, switching gears. Will there be any carry over impact of the fires into the fourth quarter? Is it just lost sales, inventory adjustments, anything like that?

6

John Jacunski - Glatfelter - SVP, CFO

James, we don’t expect any significant impact from the fires in Q4. The machines are operating at our expected levels and it was contained to Q3, so we expect no impact of any significance in Q4.

James Armstrong - Vertical Research Partners - Analyst

Okay. Then lastly, the adjusted tax rate has been jumping around a little. Could you give us a little bit of guidance on what to expect in Q4 as well as what you think your adjusted tax rate will be as we look out in 2014 and 2015?

John Jacunski - Glatfelter - SVP, CFO

Sure. I think the tax rate jumping around is a function of a few things. As I mentioned in my remarks, part of that had to do with a change in a tax rate in the UK that created a tax benefit for us that we recorded during the quarter. We also had the expiration, or the lapse of the statute of limitations on audit periods during the quarter and so any reserves we had established for uncertain tax positions was released. I hope you can appreciate that.

It’s difficult to provide guidance on those types of items from a quarter-to-quarter basis because we don’t know whether audits will be launched, we certainly can’t predict how tax rates are going to change. So the guidance we typically provide is we expect a normalized rate of about 30% as we go forward. But of course, if we have similar situations where the audit periods lapse and we have reserves, then we will release those and that will lower our effective tax rate during the quarter, but for planning purposes, I would guide you to 30%.

James Armstrong - Vertical Research Partners - Analyst

Perfect. Thank you very much.

John Jacunski - Glatfelter - SVP, CFO

Sure.

Operator

Your next question comes from the line of Steve Chercover, with D.A. Davidson & Co.

Steve Chercover - D.A. Davidson & Co. - Analyst

Good morning, everyone.

John Jacunski - Glatfelter - SVP, CFO

Good morning, Steve.

7

Steve Chercover - D.A. Davidson & Co. - Analyst

Not to be antagonistic given the explanations that you’ve told us about the fires, but in addition to the two that you had at Airlaid, last year you had one in Composite Fibers, so I’m wondering if there’s something inherently flammable? Is it the nature of the process? Is it something that can be addressed through housekeeping and safety initiatives?

Dante Parrini - Glatfelter - Chairman, CEO

Hi, Steve, it’s Dante. I don’t feel your question is antagonistic. I think it’s a natural question to ask given the series of events that have transpired over the last couple of months. Of course, the paper and fiber-based engineered materials manufacturing process has inherent risk because we’re dealing with a variety of cellulose fibers, and synthetic fibers, as well as other chemicals and flammable materials. As you might expect, we have standard operating procedures that take into consideration these types of risks, and we’re very serious about them. I think it’s important to step back and ask yourself that question and I want to share with you some of the steps we’ve all ready taken.

I’m very comfortable with the competence of our operating teams, our engineering teams, our safety teams, and our continuous improvement professionals. At the same time, after experiencing a couple of fires like we have in close proximity with one another, I think it’s logical to take a step back and make sure that we haven’t missed anything, or things haven’t changed. So, we did bring in outside experts to review our operating procedures, and provide input on steps that we may want to consider to reduce risk.

As a bi-product of our own internal investigation and active listening to subject matter experts, we have, in fact, enhanced some of the operating and preventive maintenance procedures, we have heightened awareness of fire risk with our operating teams, and we’re analyzing additional steps that may be taken to address both prevent fire prevention and extinguishment. We are applying lessons learned and reflecting and asking if anything has materially changed about our process. I think within the Airlaid business, there is a higher level of risk simply because there’s an absence of water in terms of sheet formation. You have materials and air and heat, and in this regard, we’re giving even greater care to this part of Glatfelter, especially since it’s the newest part of the Company.

Steve Chercover - D.A. Davidson & Co. - Analyst

I appreciate you elaborating on that, Dante. One for John. With respect to interest expense, I guess I had modeled it being higher after the Dresden acquisition. I was just wondering, was there anything that kept the rate low in the third quarter or is this a good run rate to use going forward?

John Jacunski - Glatfelter - SVP, CFO

No, it’s a good run rate to use. Our borrowing rate on our revolving credit facility is about 2% and you may recall that we put a term loan in place in the second quarter, and that’s a fixed rate, 10-year term loan at 2.05%. So, the incremental interest rate on the acquisition, remember, also, we used a fair bit of cash for the acquisition that we had on the balance sheet, so, the current run rate is an appropriate rate.

Steve Chercover - D.A. Davidson & Co. - Analyst

That’s great. That’s very good rates evidently. On Specialty Paper, in the second quarter you had a $4 million productivity hit. Did you recover that in the quarter that just ended?

8

John Jacunski - Glatfelter - SVP, CFO

We recovered some of that. If we look year-over-year, we were about flat from an operating perspective, and then compared to Q2, typically you have some maintenance expenses in Q3 that we had this year that if you just add back our annual outages in Q2, you wouldn’t capture. So, we made some progress, but we did have some additional operating issues early last quarter. I’d say the second half of the quarter was much better and we’re seeing good operating performance here in October. We definitely believe we are making progress and expect to see the benefit of that going forward.

Steve Chercover - D.A. Davidson & Co. - Analyst

Great. Final question, then I’ll turn it over. It doesn’t look like you’ve been active in the repo market for some time, so I’m just wondering, is that your near-term focus has been on both the integration and the debt repayment from Dresden?

John Jacunski - Glatfelter - SVP, CFO

That’s right.

Steve Chercover - D.A. Davidson & Co. - Analyst

Very good. Appreciate your time.

Operator

Your next question comes from the line of Mark Wilde, with Deutsche Bank.

Mark Wilde - Deutsche Bank - Analyst

Good morning, Dante. Good morning, John.

John Jacunski - Glatfelter - SVP, CFO

Good morning, Mark.

Dante Parrini - Glatfelter - Chairman, CEO

Good morning, Mark.

9

Mark Wilde - Deutsche Bank - Analyst

First question, John or Dante, is there any way that you can help us think about the year-to-year impact from both Dresden, including the base load plus the improvements you’ve made there, as well as the Gernsbach rebuild?

John Jacunski - Glatfelter- SVP, CFO

Sure. I think from the Dresden acquisition perspective, we had $6.8 million of operating profit generated during the quarter, we’ve disclosed that the annual outage was about $2.2 million impact, so that would be $9 million. We expanded the capacity by 10%, so I think you can get to where we would expect that we can have earnings improvement in that business. Q4 we would expect obviously not having the down time that we had in Q3, so that ought to serve to improve. And so from an earnings accretion perspective, we said during the quarter that we had $0.10 of earnings accretion, the down time was about $0.03.

That gets you to about a $0.13 run rate excluding that down time which is above the range of what we estimated as the impact from that acquisition. We adjusted that guidance last quarter to $0.45 to $0.50 on an annualized basis, so that business is running quite well and the increased capacity should allow us to continue to grow the operating profits of the business.

Mark Wilde - Deutsche Bank - Analyst

Okay. Go ahead, John.

John Jacunski - Glatfelter - SVP, CFO

On the Gernsbach capacity expansion, we continue to make progress with ramping up the machine to the expected levels of productivity. We still have a way to go. As we said, we’ll do some fine tuning in Q4. From a cost perspective, moving from a flat wire to an incline wire is a negative from a cost structure prospective. The incline wire technology is a higher cost technology and you can see that in the waterfall chart we provided for Composite Fibers.

But again, this technology is targeted at the higher margin products that we make. As we mentioned, single serve coffee, tea, and the composite laminate. We would expect as we move forward that we will continue to enhance our mix and see the profitability that we would expect from that. Our guidance on that project has been that we expect a 15% to 20% after tax return from that investment within three years, and of course, we will push to realize that benefit as quick as we can, but that’s the guidance we’ve provided.

Mark Wilde - Deutsche Bank- Analyst

Okay. The next question I had is if we look at both Airlaid and Composite Fibers, those look like increasingly globally oriented businesses. Any thoughts on Glatfelter potentially expanding geographically in either of those markets?

Dante Parrini - Glatfelter - Chairman, CEO

Sure. I think this is a question that we’ve addressed from time to time, and my answer isn’t going to change materially from how I’ve addressed it in the past. Globalization is a key driver of our strategy and you are correct in assessing that the nature of composite fibers in the Advanced Airlaid Materials business is serving key multinational customers and products that have global growth characteristics, and we’re very pleased that

10

we have leading share positions in many of those segments, so we want to continue to assert ourselves as market leaders and convey to the customers out there that we serve and can potentially serve, that Glatfelter is poised to continue to support their ongoing growth and globalization. To the extent that we see opportunities that meet our financial and strategic hurdles, then we would assess those very rigorously and we wouldn’t be shy to act upon them. But I have nothing specific to speak about in terms of what may or may not happen over the coming months or quarters.

Mark Wilde - Deutsche Bank - Analyst

Dante, just on that comment. Both of these product areas are pretty high value added relative to weight or size or whatever, particularly, I guess, composite fiber. Can you just help us, in both of those businesses, think about what the advantage would be of maybe having more regional production?

Dante Parrini - Glatfelter - Chairman, CEO

I think the investment thesis would be pretty obvious to most, where, if you can source raw materials, produce product closer to where the customer is buying it and using it for their own production process, that would be advantageous. You are correct in saying higher value goods, especially low basis weight goods travel easier, and the logistic cost as a percentage of the total acquisition cost of the material changes when you’re dealing with high value, low basis weight goods.

By way of example, our tea bag paper materials, we already ship those to 100 countries around the world, and they’re being produced in Germany, France, and the UK. So, it’s possible to serve all regions of the world. However, as markets evolve and as demand for products in certain regions continues to grow and establish scale, then I think the economics of looking at bringing capacity closer to serving these emerging and developing markets evolves and could become more interesting for the Company.

Mark Wilde - Deutsche Bank - Analyst

Okay. Last question. Any updates on prospective land sales?

John Jacunski - Glatfelter - SVP, CFO

No, Mark. The markets haven’t changed significantly. We did have a very small land sale in the third quarter, a few hundred acres, but the markets where we have property, Delaware, and Northern Virginia, are still very soft. We’ve had some sales in the past 12-18 months in Pennsylvania, so there’s some interest there, but the markets are generally slow.

Mark Wilde - Deutsche Bank - Analyst

Okay, that’s helpful, John. Good luck in the fourth quarter.

John Jacunski - Glatfelter - SVP, CFO

Thank you.

11

Operator

(Operator Instructions). Your next question comes from the line of Eric Miller, with Advisory Research.

Eric Miller - Advisory Research - Analyst

Yes, good morning, guys.

John Jacunski - Glatfelter - SVP, CFO

Good morning.

Eric Miller - Advisory Research - Analyst

Earlier in the year you guys put out an announcement, talked about a joint venture, or a venture with a company called Dream Weaver to develop lithium ion battery separators. I’m up here in Milwaukee and Johnson controls have been on the news quite a bit lately about a new battery coming out. Is there any update that you can tell us on that project?

Dante Parrini - Glatfelter - Chairman, CEO

You are correct that we issued a press release describing the nature of a relationship we have with Dream Weaver, which is a technology start up focused on battery separators for lithium ion batteries as a category. Within our composite fibers business we already produce some electrical papers that are used for lead acid batteries, such as the pasting papers for the cells and papers that can go into a capacitor and super capacitor. It’s an area where we already have some subject matter expertise and some channel relationships.

We see as a mega trend that demand for these types of batteries and energy storage and conveyance mechanisms will continue to grow, and we’re investing some of our research and develop time and dollars into better understanding how the markets are going to unfold and where opportunities for our types of technologies may develop. If we see technologies out there that we think would complement our manufacturing processes and our knowhow, or where we might be able to help to accelerate the commercialization of these new technologies, then we will take the necessary steps to make progress in that regard. So it’s an area of focus for us. It’s developmental and I have nothing else to add at this time.

Eric Miller - Advisory Research - Analyst

Okay, thank you.

Operator

At this time there’s are no further questions. I would like to turn the call over to Mr. Parrini for closing remarks.

Dante Parrini - Glatfelter - Chairman, CEO

Thank you, Amy. Again, thanks to everyone for joining us today. We look forward to speaking with you next quarter. Have a good day.

12

Operator

This concludes today’s conference call. You may now disconnect.

DISCLAIMER

Thomson Reuters reserves the right to make changes to documents, content, or other information on this web site without obligation to notify any person of such changes.

In the conference calls upon which Event Transcripts are based, companies may make projections or other forward-looking statements regarding a variety of items. Such forward-looking statements are based upon current expectations and involve risks and uncertainties. Actual results may differ materially from those stated in any forward-looking statement based on a number of important factors and risks, which are more specifically identified in the companies’ most recent SEC filings. Although the companies may indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be realized.

THE INFORMATION CONTAINED IN EVENT TRANSCRIPTS IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY’S CONFERENCE CALL AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE CONFERENCE CALLS. IN NO WAY DOES THOMSON REUTERS OR THE APPLICABLE COMPANY ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY EVENT TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY’S CONFERENCE CALL ITSELF AND THE APPLICABLE COMPANY’S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS.

^© 2013 Thomson Reuters. All Rights Reserved.

13