---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-23-000002"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:25:07.861039+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Glatfelter Q4 net loss $34.1M; goodwill impairment $30.7M; 2023 EBITDA guidance $110-120M

## Summary
- Net loss from continuing ops $34.1M (EPS -$0.76); adjusted EPS -$0.16 vs +$0.04 YoY.
- Goodwill impairment $30.7M in Composite Fibers; asset impairment $10.4M at OberSchmitten.
- Spunlace operating loss improved to $1.2M from $1.3M; Airlaid Materials op income up 19%.
- Signed commitment for €250M term loan from Angelo Gordon to refinance €220M loan due Feb 2024.
- 2023 Adjusted EBITDA guidance $110-120M; net leverage 6.0x; adjusted FCF use $70M.

## SEC filing metadata
- accession: 0000041719-23-000002
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171923000002/0000041719-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171923000002/glt-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-23-000002
- JSON: https://secwatch.observer/filing/0000041719-23-000002.json
- Plain text: https://secwatch.observer/filing/0000041719-23-000002.txt

## Key facts
- Earnings Releases
  Magnera Corp reported the three months and year ended December 31, 2022 results: revenue $373,903, net income $(34,113), EPS $(0.76).
  - Period: the three months and year ended December 31, 2022
  - Revenue: $373,903
  - Net income: $(34,113)
  - EPS: $(0.76)
  - Result: reported results
  source text: drive operational and financial improvements despite continued inflationary and energy price headwinds. Three months ended December 31, Dollars in thousands 2022 2021 Net sales $ 373,903 $ 334,459 Net loss from continuing operations (34,113) (11,223) Adjusted earnings (loss) from continuing operations (6,974) 1,626 EPS from continuing operations (0.76) (0.25)
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171923000002/0000041719-23-000002-index.htm

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