Magnera reported its highest quarterly revenue and adjusted EBITDA since formation, driven by merger synergies and cost actions.
Magnera reported fiscal third-quarter revenue of $857 million and adjusted EBITDA of $99 million, marking its strongest quarter since the company’s formation. Adjusted EBITDA increased 9% year over year, supported by merger synergies, Project CORE cost initiatives, and manufacturing improvements, though raw-material inflation weighed on results.
Organic sales grew 1%, led by wipes and infrastructure products, while Americas adjusted EBITDA rose 16% to $71 million. European demand remained weak, and inflation outpaced pricing recovery in other regions. The company maintained its $90 million–$110 million free-cash-flow outlook but expects full-year adjusted EBITDA near the low end of its prior range.
Magnera also lowered its annual capital expenditure forecast to about $60 million and anticipates $20 million of synergies and Project CORE benefits to extend into fiscal 2027.