Magnera reports Q1 net sales $792M, adjusted EBITDA $93M; reaffirms FY guidance

Magnera Corp

2026-Q1 EPS reported -$0.95 revenue$792,000,000

GAAP net sales $792M, operating income $14M; adjusted EBITDA $93M.
YoY comparable net sales down 7% (normalized for merger and FX); adjusted EBITDA flat.
Reaffirmed FY2026 adjusted EBITDA guidance $380-$410M, free cash flow $90-$110M.
Made $27M in debt payments during quarter; CEO cites disciplined capital allocation.
CEO highlights strategic pillars: cost optimization, portfolio differentiation, commercial excellence.

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