Glatfelter Corporation ( (MAGN) ) has released its Q3 earnings. Here is a breakdown of the information Glatfelter Corporation presented to its investors.
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Magnera Corporation is a global leader in specialty materials, serving over 1,000 customers worldwide with products for consumer goods and personal care markets. The company operates across 46 facilities globally and employs more than 9,000 people.
In its third-quarter earnings report, Magnera Corporation announced net sales of $839 million and an operating income of $13 million. The company also reported an adjusted EBITDA of $91 million, confirming its post-merger adjusted free cash flow and EBITDA range.
The company’s financial performance was significantly influenced by the recent merger with Glatfelter, contributing $320 million to net sales. Despite a 5% decline in organic volume and competitive pressures, the merger helped increase net sales by 51% and adjusted EBITDA by 23%. The Americas segment saw a $124 million revenue boost from the merger, while the Rest of World segment benefited by $196 million.
Looking forward, Magnera is focused on accelerating revenue through its sales and innovation pipelines and executing its Capacity Optimization and Resource Efficiency program. The company remains committed to strengthening its credit metrics by paying down debt and is optimistic about driving long-term sustainable growth.