Magnera Corporation reported third-quarter fiscal 2026 revenue of $857 million and adjusted EBITDA of $99 million, marking its strongest earnings quarter since formation. Adjusted EBITDA increased 9% year over year, driven by merger synergies, Project CORE cost actions, and manufacturing improvements, though raw-material inflation pressured margins. Organic sales grew 1%, led by wipes and infrastructure products. Americas adjusted EBITDA rose 16% to $71 million, whilst European demand remained soft and inflation outpaced pricing recovery in rest-of-world operations. 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 lowered expected annual capital expenditures to approximately $60 million and anticipates roughly $20 million of synergies and Project CORE benefits carrying into fiscal 2027.

Magnera Q3 earnings call highlights. August 8, 2026 Key points. * Magnera delivered its strongest quarter since formation, reporting $857 million in fiscal Q3 revenue and $99 million in adjusted EBITDA, up 9% year over year. Results benefited from merger synergies, Project CORE cost actions and manufacturing improvements, though raw-material inflation remained a headwind. * Organic sales grew 1%, led by wipes and infrastructure products, while Americas adjusted EBITDA rose 16% to $71 million. European demand remained soft, and inflation outpaced pricing recovery in the rest-of-world segment. * Magnera maintained its $90 million-$110 million free-cash-flow outlook but expects full-year adjusted EBITDA near the low end of its prior range. The company also lowered expected annual capital expenditures to about $60 million and expects roughly $20 million of synergies and Project CORE benefits to carry into fiscal 2027. * MarketBeat previews top five stocks to own in September. Magnera NYSE: MAGN reported third-quarter fiscal 2026 revenue of $857 million and adjusted EBITDA of $99 million, its strongest earnings quarter since the company was formed, according to management. Adjusted EBITDA increased 9% from the prior-year quarter, supported by merger synergies, Project CORE cost actions and manufacturing improvements, although raw-material inflation remained a pressure. Chief Executive Officer Curt Begle said the company's performance reflected post-merger transformation initiatives and execution by its global teams. He said Magnera continued to pursue three strategic priorities: improving its cost position, winning customers through product leadership and innovation, and strengthening commercial execution. "This quarter's strong performance reflects the organizational transformation initiatives we executed following our merger, as well as the proactive initiatives taken by our global teams," Begle said. Wipes and infrastructure support sales growth. Magnera said organic sales grew 1% during the quarter, driven by its wipes and infrastructure product categories. Begle said the wipes portfolio grew across disinfecting, personal care including baby products, moist toilet tissue and specialty industrial applications. The company launched its Universa industrial wiper line in June, consolidating products under its Chicopee and Sontara brands. The line includes core products for maintenance and janitorial use, Universa Plus products using proprietary spunlace technology, and Universa Max products designed for low linting and abrasion resistance in more demanding environments. Infrastructure sales growth included housewrap and accessories in North America as Magnera expanded its national supply partner network. Outside North America, the company cited continued strength in cable wrap and growth in air and liquid filtration. Begle said the company's portfolio is designed to balance consumer and personal-care end markets, including tea bags, coffee filters, wipes, dryer sheets, filtration materials, diapers, adult-incontinence products and medical garments. He said those categories are supported by 44 manufacturing facilities globally and tend to serve everyday, non-discretionary demand. Regional results reflect inflation and European softness. In the Americas, revenue was essentially flat from the prior year. Organic volume growth of 1%, infrastructure demand and higher selling prices were largely offset by planned portfolio and product-mix actions connected with Project CORE, Chief Financial Officer Jim Till said. Americas adjusted EBITDA rose 16% to $71 million. Till attributed the improvement to the full run-rate benefit of Project CORE, merger synergies, manufacturing efficiencies and recovery from winter-storm disruptions that affected the second quarter. Revenue in the rest-of-world segment increased modestly. Higher prices and strength in wipes and infrastructure were more than offset by demand softness in Europe, where management said macroeconomic conditions remain challenging. Adjusted EBITDA in the segment declined slightly year over year as inflation moved through the region faster than pricing actions could recover it. Management said pricing actions substantially offset higher input costs overall, but price realization in rest-of-world operations lagged the Americas. Till said a few million dollars of pricing recovery in Europe is expected to flow into the fiscal fourth quarter. Begle said the company shifted to monthly pass-through arrangements with some customers during the period of sharp raw-material inflation. While some customer contracts may retain shorter pricing cycles, he said Magnera would generally expect pricing mechanisms to return to quarterly or bimonthly index movements under more normalized conditions. Cash flow outlook maintained; EBITDA expected at low end of range. Magnera reaffirmed its full-year free-cash-flow outlook of approximately $90 million to $110 million. Free cash flow was negative in the third quarter, as anticipated, but outperformed the company's internal forecast, Till said. The company worked to reduce working capital through inventory, receivables and purchasing management to offset the effects of higher raw-material costs. Till said there is still work to do in the fourth quarter to further normalize working capital. While affirming the cash-flow target, Magnera now expects full-year adjusted EBITDA to finish toward the lower end of its previously communicated range. Till said the updated outlook reflects persistent inflation and macroeconomic uncertainty despite continued operational execution and synergy realization. Management said it expects capital expenditures to run at roughly $60 million for the year, versus an original estimate of about $80 million. Begle said the lower spending level does not reflect deferred capital expenditures, but rather discipline around returns on investment and the use of existing production platforms. Magnera ended the quarter with about $575 million of available liquidity. The company also said it expects to exit its transition services agreement, including migration from legacy Amcor enterprise-resource-planning systems, before the end of calendar 2026. Till said the completion of the transition would reduce one-time integration and transition-services costs and provide a cash benefit. Project CORE and portfolio actions continue. Management said the quarter marked the first full run-rate period for both merger synergies and the initial wave of Project CORE actions. Those actions have included facility closures, idled assets, product transfers and portfolio changes intended to improve margins and simplify operations. Till said Magnera expects about $20 million of run-rate synergies and Project CORE benefits to carry into fiscal 2027. Begle said the company will continue evaluating productivity measures and portfolio opportunities, with an emphasis on higher-margin products, platforms and customer relationships. Begle also said Magnera tracks a "Vitality Index" measuring the contribution of innovation to its portfolio. He said that measure has historically been in the 15% to 20% range and is approaching more than 25%, as the company emphasizes value-added offerings over commodity-oriented products. About Magnera (NYSE:MAGN). Magnera's purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera's solutions propel our customers' goals forward and solve end-users' problems, every day. 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