CHARLOTTE, N.C., June 10, 2025 (GLOBE NEWSWIRE) -- Magnera Corporation (NYSE: MAGN) today announced it will be added to the broad-market Russell 3000® Index following the annual reconstitution of the Russell indexes. The reconstituted indexes are set to take effect after the U.S. market closes on June 27, 2025. The Russell 3000® Index measures the performance of 3,000 stocks, encompassing large-cap, mid-cap, small-cap, and some microcap U.S. equities. It is designed to represent approximately 98% of investa ...

CHARLOTTE, N.C., May 29, 2025 (GLOBE NEWSWIRE) -- Magnera Corporation (NYSE: MAGN) today announced they will attend the 2025 Wells Fargo Industrials & Materials Conference in Chicago, Illinois. Magnera CEO, Curt Begle, and CFO & Treasurer, Jim Till, will present at the conference during a fireside chat on Wednesday, June 11th, 2025, at 3:45 p.m. CT. 1x1 meetings with institutional investors will take place June 11-12, 2025. A live webcast of the presentation will be available on the company's website at: ht ...

Company Overview - Magnera Corporation (NYSE: MAGN) serves over 1,000 customers globally, providing a diverse range of material solutions including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and food and beverage industry products [2] - The company operates across 46 facilities worldwide and is supported by more than 8,500 employees [2] Corporate Purpose and History - Magnera's mission is to improve the world by realizing new possibilities, having delivered material solutions for over 160 years [3] - The company has consistently adapted to economic challenges, global pandemics, and evolving customer needs, demonstrating resilience and problem-solving capabilities [3] - Magnera emphasizes building personal partnerships that can endure in a changing environment, leveraging its extensive product portfolio to offer customers more choices [3] Upcoming Investor Conference - Magnera Corporation will participate in the Stifel 2025 Boston Cross Sector 1x1 Investor Conference, with key executives including the CEO, CFO, and EVP meeting with institutional investors on June 3-4, 2025, in Boston, MA [1]

Financial Data and Key Metrics Changes - For Q1 2025, net revenue was $15.4 million, down from $20.2 million in Q1 2024, reflecting a 24% decline primarily due to SKU rationalization and reduced consumer demand [7][26] - Adjusted EBITDA loss improved slightly to $2.5 million from $2.6 million year-over-year, indicating a focus on profitability despite revenue decline [7][29] - Operating loss narrowed to $3.7 million from $5.3 million in the previous year, an improvement of approximately 30% driven by cost-cutting initiatives [28][29] Business Line Data and Key Metrics Changes - The overall gross margin for Q1 decreased to 61.4% from 65.1% year-over-year, primarily due to product mix changes [27] - Contribution margin for Q1 was 13.4%, down from 14.1% in the previous year, reflecting the reduction in gross margin [28] - Launch revenue for Q1 was $400,000, consistent with the previous year, indicating stability in new product introductions despite broader challenges [26] Market Data and Key Metrics Changes - The company experienced softness in consumer demand, particularly in the latter part of the quarter, which may have impacted sales velocity [7][26] - Inventory levels increased to $18.1 million from $13.7 million at the end of Q4 2024, reflecting preparations for anticipated demand trends [30] Company Strategy and Development Direction - The company is focusing on four strategic initiatives: diversifying manufacturing, expanding into consumables, raising prices, and reducing fixed costs [9][21] - A new goal is to manufacture no more than 30% of goods in China by the end of 2025, accelerating previous targets [11] - The company has paused new product launches from Asia, particularly hard electronic goods, until clarity on the trade environment is achieved [14] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current macroeconomic environment and emphasized the importance of agility and resilience [8][20] - The company has withdrawn its 2025 guidance due to current volatility but believes actions taken will position it for growth and profitability beyond 2025 [19][31] - Management remains committed to preserving capital and does not foresee raising equity capital in 2025 [18][32] Other Important Information - The share repurchase program has been paused due to the current environment, but management believes the stock is undervalued [18][50] - The company is targeting $5 million to $6 million in annualized savings from fixed cost reductions, with a significant portion coming from headcount reductions [15][25] Q&A Session Summary Question: Can you talk about your inventory plans in the near and medium term given the China tariffs? - Management indicated that they have been proactive in managing inventory and are well-positioned to produce necessary products for 2025 despite tariff uncertainties [36][37] Question: How have consumers reacted to the pricing changes? - Management noted mixed results in consumer response to price increases, with some products maintaining strong rankings despite price adjustments [42][44] Question: Is there a way to speed up the diversification strategy in manufacturing? - Management committed to accelerating the diversification strategy while ensuring product quality, focusing on consumables and other regions [46]

Core Points - March of Dimes is awarding six nursing scholarships to students dedicated to improving maternal and infant health, with each scholarship valued at $10,000 [1][3] - The partnership with Pampers, which has lasted over 25 years, supports the initiative to strengthen the maternal and infant health workforce in the U.S. [1][4] - The U.S. has the highest maternal mortality rate among high-income countries, with over 80% of pregnancy-related deaths deemed preventable according to the CDC [3] Scholarship Details - The 2025 March of Dimes Nursing Scholarships include Graduate Nursing Scholarships for registered nurses in graduate programs focused on maternal and infant health [5] - Nurse Midwifery Scholarships are aimed at students in accredited nurse-midwifery programs, promoting access to midwifery care and postpartum support [6] - Undergraduate Nursing Scholarships support students pursuing careers in maternal and infant health [8] Recipient Highlights - Recipients include students from various universities, each committed to addressing maternal and infant health disparities through their respective programs [2][7][8] - Notable recipients include Hana Hamdi, who focuses on midwifery-led primary care, and Katie Page, who aims to influence healthcare systems through research and policy [6][7] - Other recipients, like Michael Lopez and Bethany Cooper, emphasize their dedication to improving maternal health and addressing healthcare disparities [8]

Financial Data and Key Metrics Changes - The company reported revenue of $97 million for Q1 2025, representing a 13% year-over-year growth [10][28] - Gross margin increased by 170 basis points to 39% [11][30] - Positive net income of $3 million was achieved, marking an increase of $5 million from the previous year [32] - Adjusted EBITDA margin improved to 7%, up from 3% in the prior year [33] Business Line Data and Key Metrics Changes - The wipes portfolio and baby personal care collection were highlighted as strong performers, with wipes consumption growth exceeding 40% [14][18] - The sensitive skin portfolio grew by 35% year-over-year, driven by new product launches [14] - Diaper performance faced headwinds due to distribution changes at a key retailer, impacting overall growth [19][58] Market Data and Key Metrics Changes - The Honest brand's household penetration increased to 7.3%, a growth of 55 basis points year-over-year [12] - Competitive categories experienced a decline of 1% in the same period, indicating Honest's outperformance [12][61] - The diaper category remains under pressure, with modest declines observed [58][92] Company Strategy and Development Direction - The company is focused on three transformation pillars: brand maximization, margin enhancement, and operating discipline [10][25] - A comprehensive approach to managing tariffs has been established, including inventory management and cost savings initiatives [22][36] - The company aims to continue investing in marketing and innovation to support brand growth [50][51] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious confidence in navigating the evolving economic landscape while reaffirming the 2025 financial outlook [26][35] - The company anticipates a first half growth rate within the range of its annual revenue outlook, despite expected headwinds in the diaper business [29][35] - Management acknowledged the importance of consumer sentiment and potential changes in shopping behavior [37][61] Other Important Information - Curtis Bruce has been appointed as the new Chief Financial Officer, succeeding David Loretta [6][9] - The company ended the quarter with $73 million in cash and no debt outstanding, providing financial flexibility [34] Q&A Session Summary Question: Can you quantify the shipping impact in Q1 and its reversal in Q2? - Management noted that the pull forward of shipments in Q1 was approximately five percentage points, which will reverse in Q2 [46] Question: What are the marketing plans for 2025? - The company plans to continue strong investments in marketing, particularly for the new diaper launch and expanding wipes into new retailers [50][51] Question: What factors contributed to the deceleration in consumption? - The deceleration was primarily isolated to the Target channel, particularly in the diaper category, while other markets showed strong growth [58][92] Question: How is the company managing tariff impacts? - The company has a three-pronged strategy to mitigate tariff impacts, focusing on agile planning, inventory management, and supplier partnerships [36][78] Question: What are the long-term margin opportunities? - Management believes there are still opportunities to expand margins, particularly through supply chain efficiencies [92]

The Honest Company (HNST) Q1 2025 Earnings Call May 07, 2025 04:45 PM ET Company Participants Elizabeth Bouquard - Senior Director, Investor RelationsCarla Vernón - CEODavid Loretta - Chief Financial OfficerAaron Grey - Managing Director, Head of Consumer ResearchDana Telsey - CEO and Chief Research Officer Conference Call Participants Anna Glaessgen - Senior Analyst, ConsumerAndrea Teixeira - AnalystOwen Rickert - Senior Research Analyst Operator Ladies and gentlemen, thank you for standing by, and welcome ...

Financial Data and Key Metrics Changes - The company reported revenue of $97 million, representing a 13% year-over-year growth [9][27] - Gross margin increased by 170 basis points to 39% [10][29] - Positive net income of $3 million was achieved, marking a $5 million increase from the previous year [31] - Adjusted EBITDA margin improved to 7%, up from 3% in the prior year [31][32] - The company ended the quarter with $73 million in cash and no debt outstanding [32] Business Line Data and Key Metrics Changes - The wipes portfolio and baby personal care collection were highlighted as strong performers, with wipes consumption growth exceeding 40% [13][14] - The sensitive skin portfolio grew by 35% year-over-year, driven by new product launches [13] - Diaper performance faced headwinds due to distribution changes at a key retailer, impacting overall growth [17][19] Market Data and Key Metrics Changes - The Honest brand's consumption growth of 8% outpaced the competitive categories, which declined by 1% [11][60] - Household penetration increased to 7.3%, a growth of 55 basis points year-over-year [11] - The diaper category remains under pressure, with a modest decline observed [58][90] Company Strategy and Development Direction - The company is focused on three transformation pillars: brand maximization, margin enhancement, and operating discipline [8][24] - A comprehensive approach to managing tariffs is in place, with a three-pronged strategy to mitigate impacts [21][34] - Continued investment in marketing and innovation is planned to support brand growth and product launches [49][92] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious confidence in navigating the evolving economic landscape while reaffirming the 2025 financial outlook [25][33] - The company anticipates a reversal of retailer inventory builds in the second quarter, impacting growth rates [28] - Management acknowledged the need for ongoing innovation in the diaper category to address consumer feedback [18][19] Other Important Information - The company announced the retirement of CFO Dave Loretta and the appointment of Curtis Bruce as the new CFO [5][6] - The Honest brand is now the leading natural wipes brand nationally, surpassing previous category leaders [16] Q&A Session Summary Question: Impact of shipping on sales and guidance for 2Q - Management noted that pull-forward shipments in 1Q were primarily due to Amazon, which will reverse in 2Q, impacting growth rates [41][43][45] Question: Marketing plans for 2025 - The company plans to continue strong investments in marketing, particularly for the new diaper launch and expanding wipes into new retailers [46][49] Question: Deceleration trends and category performance - Deceleration was primarily isolated to the Target channel, with strong performance in other markets [56][58][90] Question: Distribution and product portfolio growth - The company is focusing on a hero distribution strategy, increasing distribution in grocery and drug channels while managing overall points of distribution [68][70] Question: Tariff impact and mitigation strategies - Management discussed the ongoing tariff impacts, particularly from China, and emphasized their proactive strategies to manage costs [77][79][84]

Investor Strategic Update 2025 As of May 7, 2025 Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including statements about the outlook of our business and industry and other matters referenced in our earnings release and SEC filings. All statements other than statements of historical fact contained in this presentation, including statements on our business strategy, plans, objectives, financial results, operating re ...

LOS ANGELES, May 07, 2025 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today announced the appointment of Curtiss Bruce, seasoned finance executive, as the Company's new Chief Financial Officer, effective June 2, 2025. Curtiss brings over 30 years of experience, including 10 years in executive-level finance roles, in the consumer products sector. He currently serves as Senior Vice President, Corpora ...