secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000041719-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171924000003/0000041719-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171924000003/glt-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000041719-24-000003

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