Glatfelter on Thursday reporter earnings for the fourth quarter and full year of 2012.

Full year adjusted earnings per diluted share were $1.25, compared with $1.01 per diluted share in 2011.

For the fourth-quarter, the company reported adjusted earnings of $11.2 million, or $0.26 per diluted share, compared with $14.2 million, or $0.32 diluted share, during the same period a year earlier.

Fourth-quarter net income was $7 million, or $0.16 per diluted share, compared to $9.7 million, or $0.22 per diluted share in the fourth quarter of 2011.

"While 2012 was another successful year for Glatfelter and our shareholders, fourth-quarter earnings were weaker than we expected due to higher professional services costs and taxes, as well as sluggish European markets," said CEO Dante Parrini.