Magnera reports Q1 net sales $702M, adjusted EBITDA $84M; provides FY2025 outlook

Magnera Corp

2025-Q1 EPS reported -$1.69 revenue$702,000,000

GAAP net sales $702M (up 35% reported; comparable 2% adjusting for merger and FX); GAAP operating loss $22M.
Adjusted EBITDA $84M (up 27% reported; comparable 8%); non-GAAP measure excluding one-time and merger costs.
Merger of Berry Global's nonwovens/hygiene films business with Glatfelter completed Nov 4, 2024, forming Magnera.
FY2025 comparable Adjusted EBITDA guidance $385M-$405M; post-merger adjusted free cash flow $75M-$95M.
CEO emphasizes commitment to debt reduction, synergy realization, and shareholder value.

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