secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000041719-23-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000015/0000041719-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000015/glt-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000041719-23-000015

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