Glatfelter Q2 net sales $329M, net loss narrows to $15.8M; merger with Berry HHNF on track

Magnera Corp

2024-Q2 EPS reported -$0.95 revenue$656,699,000

Net sales $329M vs $357M YoY; GAAP net loss from cont ops $15.8M vs $36.6M loss a year ago.
Adjusted EBITDA $25.6M, up $8.3M YoY; Composite Fibers +$4.9M, Spunlace +$3.4M, Airlaid -$2.3M.
All antitrust clearances and IRS favorable ruling received for planned merger with Berry's HHNF business; closing expected H2 2024.
Reached settlement of legal dispute related to former Specialty Papers business; $6.5M gain to be recognized in Q3 2024.
EPS from cont ops -$0.35; adjusted EPS -$0.25.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.