Magnera

Q3 FY2026 EarningsQ3 FY26 results missed consensus on the top line, with revenue of $857M vs. $914M expected. While GAAP Operating Income grew 69% YoY to $22M, it fell significantly short of the $44M EBIT consensus. A GAAP net loss of $20M resulted in a GAAP EPS of -$0.56, missing the $0.13 profit expectation. Despite the revenue miss, Adjusted EBITDA grew 9% YoY to $99M, supported by a $11M favorable price-cost spread and synergy realization, though full-year EBITDA guidance was refined to the lower end of the previous range.