---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-23-000015"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:15:40.005418+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Glatfelter Q1 net loss $13.6M, adjusted EBITDA up to $24.8M; reaffirms FY23 guidance $110-120M

## Summary
- Net loss of $13.6M (diluted EPS -$0.30) vs net loss $108.3M in Q1 2022; adjusted EPS -$0.13 vs -$0.14.
- Revenue $378.2M, down slightly from $381.7M; Airlaid EBITDA +$1.8M, Composite Fibers +$3.9M, Spunlace -$0.3M.
- Adjusted EBITDA $24.8M, up 7.7% YoY; cash from ops improved $35.6M to -$30.6M.
- Reaffirmed FY 2023 Adjusted EBITDA guidance of $110M-$120M; completed refinancing extending maturities to 2026.
- Moody's upgraded corporate rating to B3; leverage at 3.0x as of March 31, 2023.

## SEC filing metadata
- accession: 0000041719-23-000015
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171923000015/0000041719-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171923000015/glt-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-23-000015
- JSON: https://secwatch.observer/filing/0000041719-23-000015.json
- Plain text: https://secwatch.observer/filing/0000041719-23-000015.txt

## Key facts
- Earnings Releases
  Magnera Corp reported three months ended March 31, 2023 results: revenue $ 378,208, net income Net loss $ (13,584), EPS $(0.30). Guidance reaffirmed.
  - Period: three months ended March 31, 2023
  - Revenue: $ 378,208
  - Net income: Net loss $ (13,584)
  - EPS: $(0.30)
  - Guidance: reaffirmed
  - Result: reported results
  source text: on the Company's progress with its turnaround strategy to drive operational and financial improvements. Three months ended March 31, Dollars in thousands 2023 2022 Net sales $ 378,208 $ 381,680 Net loss from continuing operations (13,182) (108,290) Adjusted loss from continuing operations (5,866) (6,159) EPS from continuing operations (0.29) (2.42) Adjusted EPS
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171923000015/0000041719-23-000015-index.htm

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