NYSE$MAGN
Magnera Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported fourth quarter and year end results, with Q4 performance in-line with expectations despite reduced production to manage inventory levels. Announced plans for Merger with Berry Global's HHNF business anticipated in second half of 2024.
Glatfelter Corporation reported Q4 2023 financial results, showing net sales of $320 million and a net loss from continuing operations of $8.6 million. The company's Q4 Adjusted EBITDA was $25 million. Glatfelter is also planning a merger with Berry Global's HHNF business anticipated in the second half of 2024.
- Generated net sales of $320 million in Q4 and $1.4 billion in 2023; loss from continuing operations of $8.6 million in Q4 and $78.1 million in 2023
- Achieved Q4 Adjusted EBITDA of $25 million and full-year EBITDA of $93 million, in-line with Q3 performance and consistent with full year guidance
- Delivered robust Spunlace performance with $5.7 million Adjusted EBITDA in Q4 and $11.2 million for full year
- Managed effectively the impact of tornado damage at the Spunlace Tennessee converting operation with minimal disruption to customers; $5 million insurance expense excluded from adjusted earnings
Headline financials
Revenue & EPS history
Glatfelter · Revenue · Quarterly
$320M
Forward guidance
Outlook for 2024 EBITDA of $110 million to $120 million reflecting limited market visibility and ongoing macro-economic volatility, particularly in Europe
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 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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