<span item_type="fundamental" item_id="5caba93388246a26e1e862c85c2c600f" counter_id="ST/US/MAGN" env="prod"></span><span item_type="announcement" item_id="645843906060030337" env="prod"></span><p>Revenue: As of FY2026 Q2, the actual value is USD 796 M, missing the estimate of USD 809.42 M.</p><p>EPS: As of FY2026 Q2, the actual value is USD -0.5, missing the estimate of USD -0.11.</p><p>EBIT: As of FY2026 Q2, the actual value is USD 52 M.</p><p></p><h4>Second Quarter 2026 Highlights</h4><p>Magnera Corporation reported GAAP net sales of $796 million and operating income of $17 million for the second quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. Non-GAAP Adjusted EBITDA was $90 million, and free cash flow was $73 million, representing a twelve-month adjusted free cash flow yield of over 40% as of quarter-end <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. The company made $36 million in debt repayments during the quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</p><h4>GAAP Results - March Quarter (2026 vs. 2025)</h4><ul><li>Net sales: $796 million in 2026 compared to $824 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Operating income: $17 million in 2026, an increase from $4 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Net income (loss): - $18 million in 2026, an improvement from - $41 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Basic and diluted net income per share: - $0.50 in 2026 compared to - $1.15 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>GAAP Results - March Year-to-Date (YTD) (2026 vs. 2025)</h4><ul><li>Net sales: $1,588 million in 2026, up from $1,526 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Operating income: $31 million in 2026, a significant improvement from - $18 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Net income (loss): - $52 million in 2026, an improvement from - $101 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Basic and diluted net income per share: - $1.45 in 2026 compared to - $2.85 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Adjusted Non-GAAP Results - March Quarter (2026 vs. 2025)</h4><ul><li>Net sales: $796 million in 2026, a -3% reported decrease and -9% comparable decrease from $824 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Adjusted EBITDA: $90 million in 2026, a 1% reported increase but a -1% comparable decrease from $89 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Adjusted Non-GAAP Results - March Year-to-Date (YTD) (2026 vs. 2025)</h4><ul><li>Net sales: $1,588 million in 2026, a 4% reported increase but a -8% comparable decrease from $1,526 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Adjusted EBITDA: $183 million in 2026, a 6% reported increase but a -1% comparable decrease from $173 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Operational Details and Drivers (March Quarter)</h4><ul><li>The net sales decline was attributed to a $57 million decrease in selling prices (due to product mix and lower raw material costs) and a 2% organic volume decline, partially offset by $48 million in favorable foreign currency changes <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. The volume decline was primarily due to winter storm disruptions in North America and general market softness in Europe <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Adjusted EBITDA increased by 1% due to a $2 million favorable price-cost spread and a $2 million favorable foreign currency benefit, partially offset by lower volumes <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Segment Performance - March Quarter (2026)</h4><ul><li><strong>Americas:</strong> Net sales were $437 million, with a decline driven by a $42 million decrease in selling prices and a 1% organic volume decline due to North American winter storm disruptions <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. Adjusted EBITDA was $58 million, with a decline primarily from a - $5 million unfavorable price-cost spread <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li><strong>Rest of World:</strong> Net sales were $359 million, with an increase from a $37 million favorable foreign currency change, partially offset by a - $15 million decrease in selling prices and a 4% organic volume decline due to European market softness <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. Adjusted EBITDA was $32 million, increasing primarily from a $7 million favorable price-cost spread (synergy realization and mix improvement) and a $2 million favorable foreign currency benefit, partially offset by softer volumes <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Cash Flow (Two Quarterly Periods Ended March 28, 2026 vs. March 29, 2025)</h4><ul><li>Net cash from operating activities: $89 million in 2026 compared to $7 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Additions to property, plant, and equipment, net: - $29 million in 2026 compared to - $39 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Free Cash Flow: $60 million for the year-to-date period in 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. For the quarter ended March 28, 2026, free cash flow was $73 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Net cash used in investing activities: - $29 million in 2026 compared to $20 million from investing activities in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Net cash used in financing activities: - $63 million in 2026 compared to $32 million from financing activities in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. Repayments on long-term borrowings were - $63 million in 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Balance Sheet (March 28, 2026 vs. September 27, 2025)</h4><ul><li>Cash and cash equivalents: $303 million in 2026 compared to $305 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Total assets: $3,896 million in 2026 compared to $3,989 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Current and long-term debt: $1,899 million in 2026 compared to $1,952 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li><li>Stockholders’ equity: $1,039 million in 2026 compared to $1,064 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</li></ul><h4>Outlook / Guidance</h4><p>Magnera Corporation is committed to delivering on its full-year 2026 Adjusted EBITDA and free cash flow guidance <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. The company’s strategy focuses on cost optimization, portfolio differentiation, and commercial excellence <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>. These priorities are expected to drive growth in long-term shareholder value <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/41719/000114036126019558/ef20072634_ex99-1.htm"></span>.</p>

Magnera | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 796 M