secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000041719-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000030/0000041719-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000030/glt-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000041719-23-000030

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