---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-23-000046"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:15:29.107672+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000041719-23-000046
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/41719/000004171923000046/0000041719-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171923000046/glt-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-23-000046
- JSON: https://secwatch.observer/filing/0000041719-23-000046.json
- Plain text: https://secwatch.observer/filing/0000041719-23-000046.txt

## Key facts
- Earnings Releases
  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
  source text: 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 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171923000046/0000041719-23-000046-index.htm

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