secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000041719-23-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000002/0000041719-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000002/glt-20230221.htm
  HTML page:      https://secwatch.observer/filing/0000041719-23-000002

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