Glatfelter reports Q3 net loss $19.7M, lowers FY 2023 EBITDA guidance by $10M

Magnera Corp

2025-FY EPS reported $1.19 vs consensus $0.11 ▲ beat (+1011.1%)

Net sales $330M, down from $372M YoY; GAAP net loss from continuing ops $19.7M ($0.43 EPS loss).
Adjusted EBITDA $25.5M, recovering from Q2 one-time issues; highest EBITDA margin in eight quarters.
Full-year 2023 Adjusted EBITDA guidance lowered by $10M due to market weakness and customer destocking.
Divested Ober-Schmitten site to eliminate future losses; Turnaround Strategy driving sequential improvements.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Magnera Corp reported the three months ended September 30, 2023 results: revenue ~$330 million, net income GAAP net loss from continuing operations of $19.7 million, EPS EPS from continuing operations (0.43). Guidance lowered.

Period: the three months ended September 30, 2023
Revenue: ~$330 million
Net income: GAAP net loss from continuing operations of $19.7 million
EPS: EPS from continuing operations (0.43)
Guidance: lowered
Result: reported results

Exact text from the filing

GLATFELTER REPORTS THIRD QUARTER 2023 RESULTS Improved Profitability Despite Continued Difficult Market Conditions 202 3 Third Quarter Overview: • Generated net sales of ~$330 million and a GAAP net loss from continuing operations of $19.7 million • Delivered strong sequential recovery in Adjusted EBITDA of $25.5 million following one-time Q2 adverse events •

View on SEC.gov

Browse all earnings releases →

Magnera Corp filing history →

Source: SEC EDGAR

accession 0000041719-23-000046

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.