NYSE$MAGN
Magnera Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Glatfelter's profitability improved despite difficult market conditions.
Glatfelter reported improved profitability in Q3 2023, driven by its Turnaround Strategy and sequential EBITDA gains. The company generated net sales of approximately $330 million, despite ongoing market headwinds and customer destocking. However, due to the intense pressure from current market conditions, the company lowered its full-year EBITDA guidance by $10 million.
- Generated net sales of ~$330 million and a GAAP net loss from continuing operations of $19.7 million.
- Delivered strong sequential recovery in Adjusted EBITDA of $25.5 million following one-time Q2 adverse events.
- Improved earnings from Turnaround Strategy, delivering highest EBITDA margin of last eight quarters.
- Divested Ober-Schmitten site, eliminating future losses.
Headline financials
Revenue & EPS history
Glatfelter · Revenue · Quarterly
$330M
Forward guidance
Glatfelter lowered its guidance for 2023 Adjusted EBITDA by $10 million due to ongoing industry-wide market weakness, lower volumes and continued customer destocking.
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 2023
-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
| Quarter | Report date | Reaction (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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