MAGN earnings analysis
What we found in MAGN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Magnera Corporation (MAGN) reported Q2 2026 earnings with net sales of $796 million, experiencing a 3% decline from $824 million in the prior quarter. The company reported an EPS of -$0.50, falling short of analyst estimates of -$0.11, while free cash flow for the quarter reached $60 million. Operational challenges impacted performance, primarily due to a decline in selling prices and volume amid a tough global economic backdrop.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline from Prior Quarter
- Net sales decreased by $28 million, or 3%, from $824 million to $796 million.
- Significant EPS Shortfall
- Earnings per share was reported at -$0.50, missing estimates of -$0.11 by a margin of 3.55%.
- Strong Free Cash Flow Generation
- Free cash flow for the year-to-date was $60 million, showing positive cash generation despite operational issues.
- Positive Segment Performance in Rest of World
- The Rest of World segment saw a 2% increase in net sales, rising from $351 million to $359 million.
- Reduction in Interest Expense
- Net interest expense decreased due to repayments on long-term borrowings and changes in interest rates.
- Improvement in Operating Income Year-to-Date
- Overall operating income saw a 272% increase year-to-date, indicating improved cost management.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Selling Prices
- Selling prices decreased by $110 million due to lower raw material costs and market pressures.
- Volume Declines
- A 2% decline in organic sales volume was noted, attributed to disruptions from winter storms and general market softness in Europe.
- Operational Challenges in Key Markets
- The company faced significant challenges in Europe, impacting growth and sales stability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.5
- Segment
- Americas
- Segment
- Rest of World
What they said about what is next.
For fiscal year 2026, management projects cash from operations between $170 to $190 million, and free cash flow between $90 and $110 million.
The filing reads worse than the one before it.
What came before.
- 10-Q · February 5, 2026
- Magnera Corporation reported a solid increase in net sales for Q1 2026, achieving $792 million, up 13% from $702 million in the prior year. However, the company posted an operating loss of $22 million, reflecting…
- 10-K · November 25, 2025
- Magnera Corporation's 2025 10-K highlights a significant growth in net sales to $3.204 billion, up 47% from the previous year, largely driven by strategic initiatives and the addition of GLT's revenue. However, the…
- 10-Q · August 6, 2025
- MAGN's Q3 2025 results showed a significant revenue increase driven by the GLT transaction, with net sales rising to $839 million, a 51% increase year-over-year. However, the company reported an operating loss of $4…
- 10-Q · May 7, 2025
- Magnera Corporation reported a net sales increase of 48% to $824 million for Q2 2025, primarily due to the acquisition of GLT, although operating income dropped significantly by 81% to $4 million. The Americas segment…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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