NYSE$MAGN

Magnera Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Completed Jacob Holm acquisition, diversified engineered materials portfolio, achieved record quarterly operating profit in Airlaid Materials due to Mount Holly acquisition, and faced inflationary headwinds in Composite Fibers.

Glatfelter Corporation reported income from continuing operations for the third quarter of 2021 of $8.1 million, or $0.18 per diluted share, compared with $6.5 million, or $0.15 per share, in the same period a year ago. Consolidated net sales for the three months ended September 30, 2021 totaled $279.7 million, compared with $233.5 million for the same period in 2020.

  • Completed Jacob Holm acquisition adding significant scale and diversifying engineered materials portfolio
  • Record quarterly operating profit in Airlaid Materials segment reflects Mount Holly acquisition
  • Composite Fibers' performance impacted by continued inflationary headwinds
  • Implemented additional pricing actions to offset higher input costs

Headline financials

Total Revenue

$280M

Previous: $233M+19.8%
EPS (adj)

$0.17

Previous: $0.15+13.3%
Capital Expenditures

-$18.5M

Previous: -$20.2M+8.2%
Free Cash Flow

-$11M

Previous: -$13.6M+19.4%
Net Income

$7.53M

Previous: $6.53M+15.3%
Operating Income

$14.5M

Previous: $14M+3.5%
Gross Profit

$38.4M

Previous: $38.3M+0.3%
Cash & Equivalents

$100M

Previous: $59.2M+68.9%
Total Assets

$1.46B

Previous: $1.23B+18.0%
Stock-Based Comp

$1.48M

Previous: $1.62M-8.6%

Revenue & EPS history

Glatfelter · Revenue · Quarterly

$280M

Q3 2021+19.8%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Glatfelter is focused on successfully integrating Jacob Holm, achieving $20 million in synergies, and actively deleveraging the balance sheet.

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 Q3 2021

Historical avgQ3 2021

-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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