Magnera Reports Third Quarter Results - Provides Updated Outlook
Thursday, August 7, 2025 8:30 am
CHARLOTTE, N.C. (News release) -- Magnera, a global leader in specialty materials for the consumer products and personal care markets, reported financial results for its fiscal 2025 third quarter ended June 28, 2025. Curt Begle, Magnera's CEO, commented: "Reflecting on the third quarter, I am pleased with our progress and what we have achieved in these challenging market conditions. We are confirming our original free cash flow guidance as well as the range of adjusted EBITDA communicated in our second quarter earnings call. Looking ahead, we are energized by the value creation opportunities before us. By accelerating revenue through our sales and innovation pipelines, executing our Capacity Optimization and Resource Efficiency program (Project CORE), and delivering on our synergy commitments, we are confident in our ability to drive long-term sustainable growth.
I am incredibly proud of our team's continued passion, resilience, and accountability. Their unwavering focus on exceeding customer expectations has been instrumental to our success this quarter and reflects the strength of our business." Key Financials
Consolidated Overview The net sales increase of 51% included revenue from the Glatfelter merger of $320 million that was partially offset by a $7 million decrease in selling prices and a 5% organic volume decline which was attributed to general market softness in Europe and competitive pressures from imports in South America. The adjusted EBITDA increase of 23% included a contribution from the Glatfelter merger of $23 million partially offset by unfavorable impacts from a $4 million volume decline and $3 million from price/cost spread. Americas The net sales increase in the Americas segment included revenue from the Glatfelter merger of $124 million partially offset by decreased selling prices of $8 million, unfavorable foreign currency changes of $9 million, and a 6% organic volume decline, which was primarily attributed to competitive pressures from imports in South America. The adjusted EBITDA increase included a contribution from the Glatfelter merger of $10 million partially offset by unfavorable impacts from price cost spread of $5 million and volume decline of $3 million.
Rest of World The net sales increase in the Rest of World segment included revenue from the Glatfelter merger of $196 million and a $7 million favorable impact from foreign currency changes partially offset by a 3% organic volume decline which was primarily attributed to general market softness in Europe. The adjusted EBITDA increase included a contribution from the Glatfelter merger of $13 million. Free Cash Flow and Net Debt Magnera is committed to strengthening our credit metrics by paying down debt in the near term.
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