Magnera Corporation has reported its first quarter results, with notable changes in several key financial metrics compared to the previous period. The company's GAAP net sales for the first quarter of 2026 stood at $792 million, representing a significant increase from the $702 million reported in the same period last year. Operating income under GAAP for the first quarter of 2026 was $14 million, a notable improvement from the operating loss of $22 million in the corresponding period of 2025.
In terms of non-GAAP measurements, Magnera reported adjusted EBITDA of $93 million for the first quarter of 2026, compared to $84 million in the same period in 2025, marking an 11% increase.
The company has reaffirmed its fiscal 2026 guidance, expecting adjusted EBITDA in the range of $380 million to $410 million and free cash flow between $90 million and $110 million, with cash flow from operation anticipated to be in the range of $170 million to $190 million.
The increase in net sales of 13% for the first quarter of 2026 was partly attributed to revenue from a recent merger, which contributed $112 million, as well as favorable foreign currency changes amounting to $36 million. However, these gains were partially offset by a $52 million decrease in selling prices, primarily due to lower raw material costs, and a 1% organic volume decline.
In the Americas segment, the net sales increase included a 2% organic volume growth and revenue from the merger, partially offset by decreased selling prices due to lower raw material costs and competitive pressures from imports in South America.
In the rest of the world segment, the net sales increase was driven by revenue from the merger and favorable foreign currency changes, but offset by a 5% organic volume decline and decreased selling prices due to lower raw material costs.
Magnera's CEO, Curt Begle, expressed confidence in the company's performance and outlined a commitment to cost optimization, portfolio differentiation, and commercial excellence to drive long-term shareholder value.
The company is set to host an investor conference call on February 5, 2026, to discuss the December 2025 quarter results.
Magnera Corporation, listed on NYSE under the ticker symbol "MAGN," operates globally, serving over 1,000 customers and employing approximately 8,500 individuals across 45 facilities. The company offers material solutions for various industries, including absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and the food and beverage industry. Following these announcements, the company's shares moved -6.56%, and are now trading at a price of $14.10. For the full picture, make sure to review Magnera Corp's 8-K report.
