Quarterly ResultMay 7, 2026, 04:41 PM
Magnera Q2 Net Sales $796M; Operating Income $17M; Adjusted EBITDA $90M
AI Summary
Magnera Corp reported its second-quarter results for the period ended March 28, 2026, with GAAP net sales of $796 million and operating income of $17 million. The company achieved non-GAAP Adjusted EBITDA of $90 million and generated $73 million in free cash flow, representing a twelve-month adjusted free cash flow yield of over 40%. Magnera also made $36 million in debt repayments during the quarter. CEO Curt Begle noted the solid performance was in line with expectations despite global uncertainty, emphasizing disciplined focus on operational excellence and strategic priorities.
Key Highlights
- GAAP Net sales for Q2 2026 were $796 million, down from $824 million in Q2 2025.
- GAAP Operating income for Q2 2026 increased to $17 million, up from $4 million in Q2 2025.
- Non-GAAP Adjusted EBITDA for Q2 2026 was $90 million, a 1% increase year-over-year.
- Generated $73 million in free cash flow for the quarter, representing a twelve-month adjusted free cash flow yield of over 40%.
- Made $36 million in debt repayments during the quarter.
- Net sales decline included a $57 million decrease in selling prices and a 2% organic volume decline, partially offset by $48 million favorable foreign currency changes.
- Americas segment net sales declined due to lower selling prices and a 1% organic volume decline.
- Rest of World segment net sales increased due to $37 million favorable foreign currency, despite a 4% organic volume decline.
Price Impact
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