Revenue: As of FY2026 Q2, the actual value is USD 796 M, missing the estimate of USD 809.42 M.EPS: As of FY2026 Q2, the actual value is USD -0.5, missing the estimate of USD -0.11.EBIT: As of FY2026 Q2, the actual value is USD 16 M.<h4>Consolidated Financial Performance (Quarterly Period Ended March 28, 2026 vs. March 29, 2025)</h4><ul><li>Net Sales: Magnera Corporation reported net sales of $796 million, a -3% decrease from $824 million in the prior quarter, due to a $57 million decrease in selling prices and a 2% organic volume decline, partially offset by $48 million in favorable foreign currency changes. </li><li>Operating Income: Operating income increased to $17 million from $4 million, representing a 325% change, including a $7 million favorable impact from decreased business integration costs and $6 million lower depreciation and amortization expenses. </li><li>Other Expense, Net: The decrease was primarily due to favorable changes in currency costs related to intercompany loans. </li><li>Interest Expense, Net: The decrease was mainly a result of changes in interest rates and repayments on long-term borrowings. </li><li>Comprehensive Income: Comprehensive income increased by $13 million, driven by a $23 million increase in net income, partially offset by a $10 million unfavorable change in currency translation. </li></ul><h4>Americas Segment Performance (Quarterly Period Ended March 28, 2026 vs. March 29, 2025)</h4><ul><li>Net Sales: The Americas segment’s net sales decreased by -8% to $437 million from $473 million, due to a $42 million decrease in selling prices and a 1% organic volume decline. </li><li>Adjusted EBITDA: Adjusted EBITDA declined by -9% to $58 million from $64 million, mainly due to an unfavorable price cost spread of $5 million. </li></ul><h4>Rest of World Segment Performance (Quarterly Period Ended March 28, 2026 vs. March 29, 2025)</h4><ul><li>Net Sales: The Rest of World segment’s net sales increased by 2% to $359 million from $351 million, driven by $37 million in favorable foreign currency changes, partially offset by a $15 million decrease in selling prices and a 4% organic volume decline. </li><li>Adjusted EBITDA: Adjusted EBITDA increased by 28% to $32 million from $25 million, primarily due to a $7 million favorable price cost spread and a $2 million favorable benefit from foreign currency changes, partially offset by softer volumes. </li></ul><h4>Consolidated Financial Performance (Two Quarterly Periods Ended March 28, 2026 vs. March 29, 2025 - Year-to-Date)</h4><ul><li>Net Sales: Magnera Corporation’s year-to-date net sales increased by 4% to $1,588 million from $1,526 million, including $112 million from a prior year merger and $84 million in favorable foreign currency changes, offset by a $110 million decrease in selling prices and a 2% organic volume decline. </li><li>Operating Income (Loss): Operating income increased to $31 million from a loss of - $18 million in the prior year, a 272% change, including a $17 million favorable impact from decreased business integration costs, a $12 million non-recurring inventory fair value step-up charge in the prior year, and $14 million lower depreciation and amortization expenses. </li><li>Other Expense, Net: The decrease was primarily due to a $15 million prepayment penalty charge for retiring debt in the prior year, as well as favorable changes in currency costs related to intercompany loans. </li><li>Interest Expense, Net: The interest expense, net, increased primarily due to debt incurred in connection with the prior year merger, partially offset by changes in interest rates and repayment of long-term borrowings. </li><li>Comprehensive Income: Comprehensive income increased by $113 million from the prior year-to-date period, attributed to a $64 million favorable change in currency translation and a $49 million increase in net income. </li></ul><h4>Americas Segment Performance (Two Quarterly Periods Ended March 28, 2026 vs. March 29, 2025 - Year-to-Date)</h4><ul><li>Net Sales: The Americas segment’s year-to-date net sales decreased by -2% to $877 million from $893 million, including an $81 million decrease in selling prices, offset by $42 million from the prior year merger and $19 million in favorable foreign currency changes. </li><li>Adjusted EBITDA: Adjusted EBITDA declined by -3% to $116 million from $120 million, primarily due to an unfavorable price cost spread of $9 million, partially offset by $5 million from the prior year merger. </li></ul><h4>Rest of World Segment Performance (Two Quarterly Periods Ended March 28, 2026 vs. March 29, 2025 - Year-to-Date)</h4><ul><li>Net Sales: The Rest of World segment’s year-to-date net sales increased by 12% to $711 million from $633 million, including $70 million from the prior year merger and a $65 million favorable impact from foreign currency changes, partially offset by a 4% organic volume decline and a $29 million decrease in selling prices. </li><li>Adjusted EBITDA: Adjusted EBITDA increased by 26% to $67 million from $53 million, including a $3 million contribution from the prior year merger, $11 million in favorable price cost spread, and a $3 million favorable benefit from foreign currency changes, partially offset by a $4 million negative impact from softer volumes. </li></ul><h4>Cash Flow (Two Quarterly Periods Ended March 28, 2026 vs. March 29, 2025 - Year-to-Date)</h4><ul><li>Net Cash from Operating Activities: Net cash from operating activities increased by $82 million from the prior year-to-date, primarily due to improved working capital. </li><li>Net Cash from Investing Activities: Net cash from investing activities decreased by $49 million from the prior year-to-date, mainly attributed to cash acquired from a merger and settlement of short-term marketable securities in the prior year, partially offset by lower additions to property, plant and equipment. </li><li>Net Cash from Financing Activities: Net cash from financing activities decreased by $95 million from the prior year-to-date, primarily due to a $63 million prepayment of debt in the current period. </li><li>Free Cash Flow: Consolidated free cash flow for the year-to-date period ended March 28, 2026, was $60 million, calculated from $89 million in cash flow from operating activities minus $29 million in additions to property, plant and equipment. </li></ul><h4>Outlook and Strategy</h4>Magnera Corporation projects cash from operations for fiscal year 2026 to be between $170 million and $190 million, with free cash flow expected to be between $90 million and $110 million, assuming $80 million in capital spending. The company intends to pursue additional acquisition targets to improve long-term financial performance and expand market positions. As of March 28, 2026, Magnera Corporation had a cash balance of $303 million and believes existing U.S. cash and cash flow, combined with available borrowings, will meet short-term and long-term liquidity needs.

Magnera | 10-Q: FY2026 Q2 Revenue Misses Estimate at USD 796 M