Strong Financial Performance
Magnera achieved $839 million in sales and adjusted EBITDA of $90 million for the quarter. For the full year, revenues reached $3.2 billion with adjusted EBITDA standing at $362 million. Free cash flow was $126 million, representing a yield exceeding 30%.
Growth in Consumer Solutions
The consumer solutions segment's portfolio increased from 51% to 53% of total revenue. Sales of infection prevention wipes rose 10% year-over-year.
Project CORE and Synergy Realization
Significant progress was made with Project CORE and synergy realization, contributing to EBITDA growth and future earnings improvement of approximately 9%.
Operational Efficiency
Operational metrics and processes are being standardized, and efficiency initiatives are underway throughout the organization.
Debt Reduction
Magnera reduced its debt leverage to 3.8x and concluded the year with approximately $600 million of available liquidity.