NYSE$MAGN

Magnera Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter 2024 results with year-over-year EBITDA improvement.

Glatfelter reported net sales of approximately $329 million and a GAAP net loss from continuing operations of $15.8 million. Adjusted EBITDA was $25.6 million, an $8.3 million increase over Q2 2023. The company achieved increased EBITDA in Composite Fibers and Spunlace, offset by lower EBITDA in Airlaid Materials.

  • Net sales were ~$329 million, with a GAAP net loss from continuing operations of $15.8 million.
  • Adjusted EBITDA reached $25.6 million, an $8.3 million increase compared to Q2 2023.
  • Composite Fibers and Spunlace EBITDA increased by $4.9 million and $3.4 million, respectively.
  • Airlaid Materials experienced a $2.3 million decrease in EBITDA.

Headline financials

Total Revenue

$329M

Previous: $357M-7.7%
EPS (adj)

-$0.37

Previous: -$0.83+55.4%
Capital Expenditures

-$13.2M

Previous: -$17.5M+24.6%
Free Cash Flow

-$29.5M

Previous: -$54.4M+45.9%
Net Income

-$16.3M

Previous: -$36.9M+55.9%
Operating Income

$7.29M

Previous: -$10.5M+169.6%
Gross Profit

$36.8M

Previous: $18.1M+102.9%
Cash & Equivalents

$33.9M

Previous: $53.9M-37.0%
Total Assets

$1.51B

Previous: $1.58B-4.5%
Stock-Based Comp

$798K

Previous: $376K+112.2%

Revenue & EPS history

Glatfelter · Revenue · Quarterly

$329M

Q2 2024-7.7%vs Q2 2023
Beat estimate in 2 of 8 quarters(25%)
ActualEstimate

Forward guidance

Glatfelter is focused on completing its merger with Berry’s HHNF business, serving customers, and leveraging investments to create value.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-1.9%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-2.0%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+26.8%

Q4 2025

Best reaction

-29.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.6%-1.5%+1.4%
Q1 2026+5.4%+2.8%-16.5%
Q4 2025+26.8%+69.6%+87.6%
Q4 2024-18.1%-2.8%-12.7%
Q2 2025-18.1%-2.8%-12.7%
Q1 2025+2.4%+10.1%+2.7%
Q3 2024+0.6%-10.0%-12.5%
Q2 2024+18.9%+20.3%+9.8%
Q1 2024-3.5%-10.5%-28.5%
Q4 2023-2.4%+7.3%-14.6%
Q3 2023+2.5%-6.7%-3.1%
Q2 2023-29.9%-38.2%-40.9%
Q1 2023+10.5%+5.3%+48.7%
Q4 2022-13.6%-13.6%-31.7%
Q3 2022+9.5%+25.4%+25.4%
Q2 2022-9.6%-20.7%-24.3%
Q1 2022-1.6%-8.0%-14.2%
Q4 2021+2.8%-2.2%+0.4%
Q3 2021+3.2%+5.5%+0.8%
Q2 2021+1.7%+3.7%+4.5%
Q1 2021-1.5%-0.7%-16.0%
Q4 2020-1.8%-1.4%+7.0%
Q3 2020+2.4%+4.9%+22.2%
Q2 2020-2.3%-0.5%-8.2%
Q1 2020-8.0%-5.8%+18.4%
Q4 2019-3.7%-4.9%-22.9%
Q3 2019+3.7%+5.4%+2.9%
Q2 2019-4.1%-10.8%-15.2%
Q1 2019+5.2%+3.9%+11.8%
Q4 2018-1.7%-3.1%-1.7%
Q3 2018-18.2%-22.1%-35.7%
Q2 2018-12.7%-16.4%-6.0%
Q1 2018-1.7%+3.2%+1.8%
Q4 2017-0.4%-0.7%-2.7%
Q3 2017+8.7%+8.7%+8.8%
Q2 2017-16.4%-12.8%-15.4%
Q1 2017-2.3%-3.2%+0.4%
Q4 2016-1.0%-3.0%-6.7%
Q3 2016-17.8%-17.9%+3.0%
Q2 2016+1.5%+2.2%+6.4%
Q1 2016+1.4%
Q4 2015+6.4%
Q3 2015-14.1%
Q2 2015-6.7%
Q1 2015-1.0%
Q4 2014-1.0%
Q3 2014+4.4%
Q2 2014+1.0%
Q1 2014+0.8%
Q4 2013+1.3%
Q3 2013+0.6%
Q2 2013+0.1%
Q1 2013-0.9%
Q4 2012+2.1%
Q3 2012-3.8%
Q2 2012-1.8%
Q1 2009-6.0%
Q1 2012+0.9%
Q4 2009+1.1%
Q4 2011+1.1%
Q3 2010-2.8%
Q3 2009-2.8%
Q2 2009-8.3%
Q2 2010-8.3%
Q4 2010-8.3%
Q1 2010+3.5%

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