Quarterly ResultMay 7, 2026, 04:44 PM
Magnera Q2 Net Loss Narrows to $18M; Operating Income Up 325%
AI Summary
Magnera Corp reported a narrower net loss of $18 million for the second quarter ended March 28, 2026, a significant improvement from a $41 million loss in the prior-year quarter. Operating income surged by 325% to $17 million, despite a 3% decline in net sales to $796 million, primarily due to lower selling prices and organic volume decline. The company projects fiscal year 2026 cash from operations between $170 million and $190 million, and free cash flow between $90 million and $110 million.
Key Highlights
- Q2 2026 net loss narrowed to $18M from $41M in Q2 2025.
- Q2 2026 operating income increased 325% to $17M from $4M in Q2 2025.
- Q2 2026 net sales decreased 3% to $796M from $824M in Q2 2025.
- H1 2026 net cash from operating activities was $89M, up from $7M in H1 2025.
- Magnera projects FY 2026 cash from operations of $170M-$190M.
- Magnera projects FY 2026 free cash flow of $90M-$110M.
- Americas segment Q2 net sales declined 8% to $437M; Adjusted EBITDA fell 9% to $58M.
- Rest of World segment Q2 net sales increased 2% to $359M; Adjusted EBITDA rose 28% to $32M.
Price Impact
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