Highest-materiality recent filing
Magnera reports Q4 net sales $839M, adjusted EBITDA $90M; FY net sales $3.2B, adjusted EBITDA $354M
Q4 GAAP operating income $10M, net cash from operations $96M; FY operating income $5M.
David Parks, President Americas, to depart effective Nov 11, 2025 and intends to retire.
Magnera Q3 net sales $839M, op income $13M; reaffirms adj. EBITDA guidance
GAAP net sales $839M (up 51% YoY), operating income $13M (down from $17M).
Magnera Q2 net sales $824M, adj EBITDA $89M; lowers full-year EBITDA guidance
GAAP net sales $824M vs $558M year ago; operating income $4M vs $21M.
Magnera reports Q1 net sales $702M, adjusted EBITDA $84M; provides FY2025 outlook
GAAP net sales $702M (up 35% reported; comparable 2% adjusting for merger and FX); GAAP operating loss $22M.
Magnera completes HHNF spinoff merger; incorporates Spinco 10-K risk factors and audited financials
Transaction closed Nov 4, 2024: Berry's HHNF business merged into Magnera (f/k/a Glatfelter) via Reverse Morris Trust.
Magnera closes spin-off merger with Berry's HHNF Business, takes on $800M notes
Berry separated and spun off its HHNF Business; Spinco merged into Magnera (formerly Glatfelter) on Nov 4, 2024.
Glatfelter Q3 net loss $20M, Adj. EBITDA $24.6M; merger closing Nov 4
Net sales $332M, GAAP net loss from continuing ops $20.0M ($0.44 EPS loss); adjusted EPS loss $0.26.
Glatfelter shareholders approve all merger proposals; 1-for-13 reverse stock split set for Nov 4
Shareholders approved share issuance, charter amendments (increase shares to 240M, reverse split), omnibus plan, and golden parachute compensation.
Glatfelter and Berry waive IRS ruling & tax opinion conditions to close HHNF merger
Waived condition for IRS private letter ruling on tax treatment of the spin-off and merger.
Six Magnera Board designees named: Bruce Brown, Michael Curless, Thomas Fahnemann, Samantha Marnick, Carl Rickertsen, Thomas Salmon.
Glatfelter Q2 net sales $329M, net loss narrows to $15.8M; merger with Berry HHNF on track
Net sales $329M vs $357M YoY; GAAP net loss from cont ops $15.8M vs $36.6M loss a year ago.
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.
Glatfelter names Till CFO, Manroa COO for NewCo; Fogarty non-exec chair
James Till (Berry EVP/Controller) to be EVP CFO & Treasurer of NewCo; base salary $575k, bonus target 75%, LTIP $1.2M.
Paul Harmon Executive Vice President, Global Innovation, Engineering & Sustainability
Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board.
Thomas Fahnemann resigned from his position as the President and Chief Executive Officer
David Parks President, Americas
Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board.
Ramesh Shettigar resigned from his position as the Senior Vice President, Chief Financial Officer & Treasurer
Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board.
David C. Elder resigned from his position as Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer
Kathy Vanderheyden Executive Vice President, Global Operations Excellence & Integration, Quality & Regulatory, EHS
Jill L. Urey Executive Vice President, General Counsel and Corporate Secretary
Tarun Manroa Executive Vice President and Chief Operating Officer
Robert Weilminster Executive Vice President, Strategy, Integration, Corporate Development, Investor Relations
Max materiality 0.95 · Median 0.60 · Most common event earnings