---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-22-000046"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:11:43.164737+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Glatfelter Q3 net loss $49.3M; EPS -$1.10; Spunlace goodwill impairment $42.5M; launches turnaround

## Summary
- Net loss from continuing ops $49.3M vs. income $8.1M a year ago; adjusted EPS -$0.10 vs. +$0.21.
- Revenue up 33% to $371.8M on Jacob Holm acquisition; Spunlace segment operating loss $4.7M.
- Goodwill impairment charge of $42.5M for Spunlace; net leverage rose to 5.7x from 3.8x.
- Airlaid Materials record operating income of $16.6M; Composite Fibers income $6.6M.
- Company-wide turnaround strategy focused on portfolio optimization, margin improvement, cost reduction.

## SEC filing metadata
- accession: 0000041719-22-000046
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171922000046/0000041719-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171922000046/glt-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-22-000046
- JSON: https://secwatch.observer/filing/0000041719-22-000046.json
- Plain text: https://secwatch.observer/filing/0000041719-22-000046.txt

## Key facts
- Earnings Releases
  Magnera Corp reported three months ended September 30, 2022 results: revenue $ 371,780, net income $ (49,254), EPS (1.10).
  - Period: three months ended September 30, 2022
  - Revenue: $ 371,780
  - Net income: $ (49,254)
  - EPS: (1.10)
  - Result: reported results
  source text: operational and financial improvements despite continued inflationary and energy price headwinds. Three months ended September 30, Dollars in thousands 2022 2021 Net sales $ 371,780 $ 279,651 Net Income (loss) from continuing operations (49,254) 8,059 Adjusted earnings (loss) from continuing operations (4,306) 9,482 EPS from continuing operations (1.10) 0.18
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171922000046/0000041719-22-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.