secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000041719-23-000046
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000046/0000041719-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171923000046/glt-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000041719-23-000046

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