Quarterly ResultMay 6, 2026, 05:57 PM
Magnera Q2 Net Sales $796M, Adjusted EBITDA $90M; Free Cash Flow $73M
AI Summary
Magnera Corp reported a solid second quarter in line with expectations, with GAAP net sales of $796 million, a 3.4% decrease year-over-year, and GAAP operating income of $17 million. Non-GAAP Adjusted EBITDA increased 1% to $90 million, and the company generated $73 million in free cash flow, enabling $36 million in debt repayments. CEO Curt Begle highlighted the business's resiliency and disciplined focus on operational excellence, confirming the company is on track to meet its full-year 2026 Adjusted EBITDA and free cash flow guidance.
Key Highlights
- Magnera reported GAAP net sales of $796 million for Q2 2026, a 3.4% decrease from Q2 2025.
- GAAP operating income for Q2 2026 was $17 million, significantly up from $4 million in Q2 2025.
- Non-GAAP Adjusted EBITDA for Q2 2026 increased 1% to $90 million.
- The company generated $73 million in free cash flow during the quarter.
- Magnera made $36 million in debt repayments during the second quarter.
- Americas segment net sales declined due to lower selling prices and a 1% organic volume decrease.
- Rest of World segment net sales increased due to favorable foreign currency, despite a 4% organic volume decline.
- Magnera reaffirmed its full-year 2026 Adjusted EBITDA and free cash flow guidance.