NYSE$MAGN

Magnera Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year results and progress toward executing turnaround strategy.

Glatfelter Corporation reported a 12% increase in net sales compared to Q4 2021, driven by the inclusion of Spunlace for the full quarter. The company is making progress on its turnaround strategy, with operational improvements and cash liberation actions contributing to the results. Adjusted EBITDA for 2023 is expected to be between $110 million and $120 million.

  • Net sales increased by 12% compared to Q4 2021, which includes a full quarter of Spunlace in Q4 2022.
  • Operating income for Airlaid Materials increased by 19% and Composite Fibers increased by 8% compared to Q4 2021.
  • Spunlace operating income improved by $3.4 million compared to Q3 2022.
  • Financing commitment was executed to address the upcoming €220 million term loan maturity.

Headline financials

Total Revenue

$374M

Previous: $334M+11.8%
EPS (adj)

-$0.76

Previous: -$0.24-216.7%
Capital Expenditures

$7.66M

Previous: $11.5M-33.5%
Free Cash Flow

$15.9M

Previous: $21M-24.3%
Net Income

-$34.3M

Previous: -$10.4M-230.3%
Operating Income

-$22.9M

Previous: -$11.4M-101.9%
Gross Profit

$42.4M

Previous: $37.4M+13.2%
Cash & Equivalents

$111M

Previous: $138M-20.1%
Total Assets

$1.65B

Previous: $1.88B-12.4%
Stock-Based Comp

$794K

Previous: $1.05M-24.2%

Revenue & EPS history

Glatfelter · Revenue · Quarterly

$374M

Q4 2022+11.8%vs Q4 2021
Beat estimate in 2 of 8 quarters(25%)
ActualEstimate

Forward guidance

Glatfelter expects Adjusted EBITDA to be between $110 million to $120 million by leveraging turnaround strategy in 2023.

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 Q4 2022

Historical avgQ4 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro