Magnera Q1 sales rise 13% to $792 million on merger; guidance reaffirmed
Magnera reported results for the quarter ended December 27, 2025, with net sales up 13% to $792 million, including $112 million of revenue from the recent merger with Glatfelter. Operating income was $14 million compared with an operating loss of $22 million a year earlier, and the net loss narrowed to $34 million from $60 million. The company reaffirmed fiscal 2026 adjusted EBITDA guidance of $380 million to $410 million and free cash flow guidance of $90 million to $110 million, while comparable adjusted EBITDA was flat year over year.
Key points
- Net sales were $792 million versus $702 million a year earlier; the merger added $112 million, and comparable net sales fell 7%.
- Operating income was $14 million versus an operating loss of $22 million; net loss was $34 million versus $60 million.
- Adjusted EBITDA was $93 million versus $84 million, up 11% as reported but flat (0%) on a comparable basis.
- Fiscal 2026 guidance was reaffirmed at $380 million to $410 million adjusted EBITDA and $90 million to $110 million free cash flow; the quarter had negative free cash flow of $13 million and the company made $27 million in debt payments.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
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