---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-23-000030"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:50:11.670639+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Glatfelter Q2 net loss $36.6M; guides FY EBITDA down to $100-110M

## Summary
- Net sales $357M; GAAP net loss $36.6M ($0.82 EPS loss) vs $2.5M loss in Q2 2022.
- Adjusted EBITDA $17.3M, down from $27.2M; adjusted EPS loss $0.45 vs $0.04 loss.
- Operational issues: ~$3M from fires, ~$4M Ober-Schmitten closure losses, ~$3M forex/other.
- Full-year Adjusted EBITDA guidance lowered to $100-$110M from prior outlook.
- Turnaround Strategy contributed $7M earnings from price hikes and fixed cost cuts.

## SEC filing metadata
- accession: 0000041719-23-000030
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-08-03T23:59:59+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/41719/000004171923000030/0000041719-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171923000030/glt-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-23-000030
- JSON: https://secwatch.observer/filing/0000041719-23-000030.json
- Plain text: https://secwatch.observer/filing/0000041719-23-000030.txt

## Key facts
- Earnings Releases
  Magnera Corp reported three months ended June 30, 2023 results: revenue 357,005, net income -36,631, EPS -0.82. Guidance lowered.
  - Period: three months ended June 30, 2023
  - Revenue: 357,005
  - Net income: -36,631
  - EPS: -0.82
  - Guidance: lowered
  - Result: reported results
  source text: which reinforces our stable business fundamentals,” said Thomas Fahnemann, President and CEO of Glatfelter. Three months ended June 30, Dollars in thousands 2023 2022 Net sales $ 357,005 $ 363,963 Net loss from continuing operations (36,631) (2,460) Adjusted loss from continuing operations (1) (20,450) (1,596) EPS from continuing operations (0.82) (0.05) Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171923000030/0000041719-23-000030-index.htm

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