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MAGN News
MAGN Events
Magnera Sells Caerphilly Operations to Polyart Group
Magnera announced the sale of its Caerphilly, UK operations to Polyart Group, a Prudentia Capital holding. Following a strategic portfolio review of its manufacturing technologies, products, and markets served, Magnera initiated an evaluation of strategic alternatives for its Caerphilly business that produces metallized paper for various end market applications, including premium labels, gift wrap and food packaging. The evaluation initiated a sale process for the operations, resulting in an agreement with the Polyart Group to purchase 100% of the shares of the Caerphilly business.
Magnera projects adjusted EBITDA of $380M-$410M for FY26
Sees FY26 free cash flow of $90M-$110M.
Magnera announces Q4 adjusted EBITDA of $90M, up from $66M a year ago.
Reports Q4 revenue $839M, two estimates $838M. Curt Begle, Magnera's CEO, commented: "I am very proud of what our team has accomplished not only this quarter but over the entire year. More than a year ago, we launched Magnera with a bold vision and a deep belief in what we could build together as an industry leader positioned for growth. I'm inspired by our team's relentless pursuit to perform and deliver results, exemplified by the stability of our cash flows. We delivered our EBITDA in range of guidance, exceeded our free cash flow target, and took steps to reduce our leverage in the quarter. We accomplished this amidst a soft macroeconomic environment proving the mission critical importance of our products. As we look forward to 2026, we are targeting to improve reported earnings by ~9% by delivering on our cost improvement and capacity optimization actions while working closely with our customers to provide solutions valued by the consumer."
Innventure Names Brown as Lead Independent Director
Innventure (INV) announced that its Board of Directors has appointed Bruce Brown to serve as the Company's first Lead Independent Director, effective immediately. His public company board experience includes current service on the board of Magnera Corporation (MAGN)
Magnera reveals plans to strategically withdraw from Argentina
As part of its ongoing transformation initiative, Magnera announced a key step in optimizing operations and aligning resources with long-term growth priorities. Effective immediately, production will halt and operations at the company's Pilar, Argentina site will begin winding down. The company will continue to fulfill pre-existing commitments out of the site and ensure continuity for customers during this transition. The closure is part of Project CORE, a company-wide program introduced in Magnera's most recent earnings release. Project CORE is designed to streamline Magnera's global footprint, enhance operational agility, and deliver greater value to customers and partners. More than 60 employees will be impacted by the closure of the Pilar facility. Magnera is working closely with local teams to provide support. Throughout the process, Magnera remains fully committed to maintaining exceptional service and honoring its customer commitments. The company is actively leveraging its global portfolio to ensure seamless continuity and consistent delivery across all markets. In parallel, Magnera is investing in advanced systems and technologies to enhance responsiveness, accelerate innovation, and strengthen its long-term operational capabilities.
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