MAGN
Magnera Corporation14.64
+0.02+0.14%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
South America adult mix ramps up
Q&A offered fresh color on South America's stabilization, with antidumping measures eyed for May in Brazil and adult incontinence ramping to 20% of the regional portfolio via subsidies—pivoting from baby dominance toward a 50-50 split in 3-5 years. Project CORE remains on track for $15-20 million benefits despite minor delays, while management stayed cautious on early PMI upticks or restocking, not baking optimism into flat FY2026 volume guidance driven by $25 million synergies. Innovations carry mid-teens to 20%+ margins, well above the 11% average. Europe stays soft. Investors will eye mix shifts and weather catch-up for execution proof.
Key Stats
Market Cap
521.18MP/E (TTM)
-Basic EPS (TTM)
-4.47Dividend Yield
0%Recent Filings
8-K
Shareholders elect full board
Magnera shareholders at the March 9, 2026 annual meeting elected all nine director nominees, with Thomas E. Salmon drawing the most opposition at 1.68 million against votes yet still securing the board seat. Ernst & Young ratification sailed through with 29.95 million for votes. Say-on-pay won advisory approval too. Continuity intact.
8-K
Q1 sales up 13%, EBITDA +11%
Magnera reported Q1 net sales of $792M, up 13% from $702M, driven by $112M from the Glatfelter merger and $36M favorable FX, yet offset by lower prices and 1% organic volume drop. Adjusted EBITDA rose 11% to $93M, fueled by $8M merger contribution. Fiscal 2026 guidance reaffirmed at $380-$410M adjusted EBITDA. Debt trimmed $27M.
10-Q
Q1 FY2026 results
Magnera swung to $14M operating income from a $22M loss y/y, while net loss narrowed to $34M ($0.95/share) from $60M ($1.69/share) on 35.7M diluted shares, driven by lower restructuring ($22M vs $32M), no repeat of prior inventory step-up, and merger contributions across Americas ($440M sales, up 5%) and Rest of World ($352M, up 25%). Sales hit $792M, up 13% y/y with $112M from the Nov 2024 Berry merger and $36M FX tailwind, yet q/q cash dipped to $264M on $2M operating cash minus $15M capex (FCF -$13M derived). Debt holds at $1.93B including $706M term loan (Nov 2031) and $1.3B notes, revolver fully available, covenants met. Controls lag post-merger. Supply chain disruptions loom large.
8-K
Magnera names new Chief Accounting Officer
Magnera Corporation appointed Erin Maile, 34, as Executive Vice President and Chief Accounting Officer effective February 2, 2026, promoting her from internal Vice President, Finance, Corporate Controller role since November 2024. She joins from Berry Global with prior accounting experience. Base salary: $275,000; STI target $123,750; LTI target $200,000. Double-trigger severance doubles pay and vests equity post-change in control.
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