secwatch.observer — SEC 8-K summary
======================================

Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000041719-24-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glatfelter Q1 net sales $327M, net loss $26.2M; merger with Berry HHNF on track for H2 2024
--------------------------------------------------------------------------------

- Net sales $327M, down 13.5% YoY from $378M in Q1 2023.
- GAAP net loss from continuing ops $26.2M ($0.58 diluted EPS); adjusted EPS loss $0.33.
- Adjusted EBITDA $23.8M (7.3% margin); Spunlace +$5M, Airlaid -$9M, Composite Fibers +$2M.
- Composite Fibers EBITDA highest since Q3 2021, with margins averaging 10% last 3 quarters.
- Merger with Berry HHNF: HSR waiting period expired; Glatfelter shareholders ~10% ownership; close H2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171924000015/0000041719-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171924000015/glt-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000041719-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer