Magnera Reports First Fiscal Quarter Results - Provides Outlook for Fiscal 2025
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Magnera completed a merger with Berry Global Group's nonwovens and hygiene films business, now part of Glatfelter Corporation (GLT). The company reported $702 million in net sales and an operating loss of $22 million for the first fiscal quarter. Magnera's fiscal 2025 outlook includes an adjusted EBITDA of $385-$405 million and a post-merger free cash flow of $75-$95 million, with a focus on debt reduction.
February 06, 2025 | 11:45 am
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Glatfelter Corporation (GLT) has completed a merger with Berry Global Group's nonwovens and hygiene films business, now part of Magnera. The merger is expected to contribute to Magnera's fiscal 2025 outlook with significant EBITDA and free cash flow projections.
The merger is a significant strategic move for Glatfelter, potentially enhancing its market position and financial performance. The positive fiscal outlook for Magnera, which now includes the merged business, suggests potential growth and improved financial metrics for GLT.
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