Successful Merger Completion
Magnera successfully completed the merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter on November 4, 2024.
Revenue Growth
The revenue for the first quarter was up 2% to $700 million, driven by improved product mix and higher selling prices.
Adjusted EBITDA Increase
Adjusted EBITDA increased by 8% to $84 million, with an improved margin of 12%, up 68 basis points compared to the prior year quarter.
Americas Division Revenue Improvement
The Americas division delivered a 4% revenue improvement, with organic volume growth in healthcare, infrastructure, and wipes product lines.
Rest of World Division EBITDA Growth
The Rest of World division saw adjusted EBITDA increase by 12% to $28 million, with an improved margin of 10%, up 119 basis points.
Synergy Achievement
Magnera is on track to achieve $55 million of net synergies in procurement, G&A, and operational excellence over a three-year period.