Glatfelter Q4 net sales $320M, Adj EBITDA $25M; merger with Berry HHNF anticipated H2 2024

Magnera Corp

2023-FY EPS reported -$1.75 revenue$1,385,516,000

Q4 net sales $320M, loss from continuing ops $8.6M ($0.19 diluted EPS loss); adj EPS loss $0.04.
Full year 2023 net sales $1.4B, loss from cont ops $78.1M; Adj EBITDA $93M, in-line with guidance.
Spunlace Q4 Adj EBITDA $5.7M; full year $11.2M, representing $9M improvement YoY.
2024 EBITDA guidance $110-120M, reflecting limited market visibility and European softness.
Announced merger with Berry Global's HHNF business; expected to close H2 2024, boards approved.

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 0.9

Magnera Corp reported financial results for the three months and the year ended December 31, 2023.

Period: the three months and the year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, the Company reported its results of operations for the three months and the year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000041719-24-000003

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