Glatfelter Corporation ( (MAGN) ) has released its Q1 earnings. Here is a breakdown of the information Glatfelter Corporation presented to its investors.
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Magnera Corporation, a global leader in the nonwovens and specialty materials industry, has successfully completed its merger with Berry Global Group, Inc.’s nonwovens and hygiene films business, solidifying its position in the market.
The company’s first fiscal quarter results reflect a strong financial performance, with net sales reaching $702 million and an adjusted EBITDA of $84 million, despite an operating loss of $22 million. The merger significantly contributed to the growth in revenue and EBITDA, which were up by 35% and 27% respectively compared to the prior year.
Key financial metrics included a notable increase in net sales attributed to the merger, alongside improved selling prices. The company also achieved a favorable price/cost spread, although these gains were partially offset by unfavorable foreign currency impacts. Magnera remains focused on strengthening its financial profile through debt reduction and enhancing shareholder value.
Looking ahead, Magnera expects to achieve a full-year adjusted EBITDA between $385 million and $405 million, with a post-merger adjusted free cash flow range of $75 million to $95 million. The company is committed to leveraging synergies from the merger to drive innovation and growth in the specialty materials sector.
