Glatfelter Q3 net loss $20M, Adj. EBITDA $24.6M; merger closing Nov 4

Magnera Corp

2024-Q3 EPS reported -$1.28 revenue$2,187,000,000

Net sales $332M, GAAP net loss from continuing ops $20.0M ($0.44 EPS loss); adjusted EPS loss $0.26.
Adjusted EBITDA $24.6M vs $25.5M Q3 2023; Spunlace EBITDA rose $2.5M to $4.8M despite Hurricane Helene.
Airlaid EBITDA $18.0M (-$0.7M YoY); Composite Fibers $10.1M (-$1.1M) due to new wallcover sanctions.
Merger with Berry HHNF to close Nov 4, creating Magnera; all closing conditions satisfied.

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