NYSE$MAGN

Magnera Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported solid third quarter results with continued resilience and progress in its core business segments.

Glatfelter reported net sales of $332 million and a GAAP net loss from continuing operations of $20.0 million. Adjusted EBITDA was $24.6 million, slightly down from $25.5 million in Q3 2023. The company is preparing for a new future under Magnera, with the transaction closing scheduled for November 4th.

  • Net sales reached ~$332 million.
  • GAAP net loss from continuing operations was $20.0 million.
  • Adjusted EBITDA was $24.6 million, slightly lower than Q3 2023.
  • Spunlace generated $4.8 million EBITDA, a $2.5 million increase over Q3 '23.

Headline financials

Total Revenue

$332M

Previous: $330M+0.7%
EPS

-$0.33

Previous: -$0.43+23.3%
Adjusted EBITDA

$74M

No prior period
Adjusted EBITDA Americas

$59M

No prior period
Adjusted EBITDA Rest of World

$15M

No prior period
Capital Expenditures

-$21.7M

Previous: -$25.2M+14.0%
Free Cash Flow

-$36.9M

Previous: -$45.1M+18.1%
Net Income

-$15.2M

Previous: -$19.9M+23.2%
Operating Income

$2.97M

Previous: $2.65M+12.0%
Gross Profit

$35.5M

Previous: $44.5M-20.2%
Cash & Equivalents

$41.6M

Previous: $52.7M-21.1%
Total Assets

$1.52B

Previous: $1.53B-0.7%
Stock-Based Comp

$1.08M

Previous: $898K+20.4%

Revenue & EPS history

Glatfelter · Revenue · Quarterly

$332M

Q3 2024+0.7%vs Q3 2023
Beat estimate in 2 of 8 quarters(25%)
ActualEstimate

Forward guidance

Glatfelter is being merged with Berry Global's Health, Hygiene and Specialties segment to create Magnera.

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 2024

Historical avgQ3 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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