CHARLOTTE, N.C., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Magnera Corporation (NYSE: MAGN) today announced it will participate in the 2025 Bank of America Leveraged Finance Conference. Magnera CEO, Curt Begle, CFO, Jim Till, and EVP, Corporate Development, Investor Relations & Strategy, Robert Weilminster, will present during the conference on Tuesday, December 2, 2025 at 2:50 p.m. ET. The team will also host 1x1 and small group meetings with institutional investors throughout the day on Tuesday, December 2nd and ...

Key Points Magnera beat analyst sales forecasts last night. The specialty paper products company also flipped from operating losses to operating profits. Magnera generated positive free cash flow in 2025, and will do it again in 2026. These 10 stocks could mint the next wave of millionaires › Magnera (NYSE: MAGN), which manufactures absorbent hygiene products, protective apparel, wipes, and specialty construction products, reported strong sales and "record" cash from operations last night, sending ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $93 million, down 7% year-over-year, primarily due to declines in diapers, apparel, and Honest.com [20][21] - Gross margin decreased to 37%, down 140 basis points from the previous year, mainly due to tariff costs and lower volume deleverage [21] - Positive net income of approximately $1 million was reported, with adjusted EBITDA at $4 million, down $3.5 million year-over-year [22] Business Line Data and Key Metrics Changes - Diapers represented about 30% of revenue and were the leading driver of revenue declines, with consumption down double digits [15][21] - Wipes and personal care categories showed strong performance, with combined revenue making up over 50% and double-digit consumption growth [9][11] - Consumption growth for wipes was up 24%, significantly outpacing the category growth of 3% [9] Market Data and Key Metrics Changes - Overall consumption for the quarter was up 2%, trailing the overall category growth of 3% [7] - Amazon, as the largest customer, saw Honest consumption growth of 16% year-over-year [8] - Household penetration increased to 7.4%, up 80 basis points year-over-year, indicating stronger consumer loyalty [8] Company Strategy and Development Direction - The company launched "Transformation 2.0, Powering Honest Growth," focusing on core categories of wipes, personal care, and diapers while exiting lower-margin categories [5][24] - The strategy includes exiting Honest.com as a direct fulfillment website and the apparel partnership, as well as ceasing operations in Canada [5][24] - Cost optimization actions will be implemented to simplify the operating model and improve profitability [6][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging consumer environment impacting revenue, particularly in the diaper category [4][15] - The company remains committed to improving diaper offerings and addressing consumer price sensitivity through various pricing strategies [17][38] - The outlook for 2025 includes a revenue range of -3% to flat, with organic revenue growth projected at 4%-6% [26] Other Important Information - The company reported a cash position of $71 million with no debt outstanding, providing financial flexibility [22] - The transformation initiative is expected to incur one-time costs of $25-$35 million but aims to achieve annual cost savings of $8-$15 million [24][25] Q&A Session Summary Question: Why the decision to implement Transformation 2.0 now? - Management emphasized the need to focus on categories with higher growth potential and profitability, building on the success of the previous transformation [30] Question: How is the redesign of diapers impacting velocity trends? - Management noted that while diaper performance is not satisfactory, improvements in product quality and pricing strategies are showing early positive results [34][38] Question: What is the timeline for exiting non-strategic categories? - The company expects to wind down operations for Honest.com, Canada, and the apparel partnership by the end of the fiscal year [44] Question: How is the promotional environment affecting pricing levels? - Management indicated that the diaper category is experiencing significant promotional activity, with a focus on aligning pricing with consumer expectations [47][49]

Core Insights - The Honest Company reported a quarterly revenue of $93 million, a decrease of 6.7% compared to the previous year, but achieved a positive net income of $1 million, marking a 3.6% increase [8][15] - The company announced the launch of "Transformation 2.0: Powering Honest Growth," aimed at simplifying its business model and focusing on strategic growth areas while exiting lower-margin categories [4][5] - The updated full-year 2025 revenue outlook is now projected to be between -3% to flat, with an Adjusted EBITDA outlook of $21 to $23 million, reflecting lower revenue expectations [17][20] Financial Performance - Third quarter revenue was $92.6 million, down from $99.2 million in the same period last year, with organic revenue decreasing to $72.6 million from $76.1 million [7][10] - Gross margin decreased to 37.3%, down 140 basis points from 38.7%, primarily due to lower sales volume and increased tariff costs [13] - Operating expenses decreased by $4 million to $34 million, driven by reduced selling, general, and administrative expenses [14] Strategic Initiatives - The "Transformation 2.0" program includes exiting certain lower-margin categories, such as Honest.com fulfillment and apparel, and optimizing the cost structure [5][6] - The revenue from categories being exited accounted for 22% and 21% of total revenue for the three and nine months ended September 30, 2025, respectively [6] - The company aims to enhance operational efficiency and strengthen financial profitability through these strategic changes [4] Outlook - The company anticipates organic revenue growth of 4-6% for the full year 2025, excluding revenue from exited categories [19] - The updated financial outlook reflects potential risks related to the wind-down of strategic exits and declines in diaper revenue [17][20] - The company ended the third quarter with $71 million in cash and cash equivalents, an increase of $18 million compared to the previous year [16]

Core Points - Magnera (NYSE: MAGN) is set to release its fourth quarter and fiscal year 2025 results on November 20, 2025, before trading begins on the New York Stock Exchange [1] - A conference call will be held on the same day at 10:00 a.m. ET to discuss the financial results, including a Q&A session and a webcast option for participants [2] - Magnera serves over 1,000 customers globally, providing a diverse range of material solutions across various industries, supported by more than 9,000 employees and 46 production facilities [3] - The company has a long history of over 160 years, focusing on delivering material solutions that meet the evolving needs of its partners and customers [4] Company Overview - Magnera Corporation specializes in material solutions for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and food and beverage industry products [3] - The company emphasizes building personal partnerships and adapting to changing market conditions, showcasing its resilience through economic challenges and global events [4]

Core Insights - Magnera is implementing Project CORE to optimize operations and align resources with long-term growth priorities [1][2] - The closure of the Pilar facility in Argentina is a significant step in this initiative, affecting over 60 employees [3] - The company remains committed to fulfilling customer commitments and ensuring service continuity during the transition [3] Project CORE Overview - Project CORE aims to streamline Magnera's global operations, enhance agility, and deliver greater value to customers and partners [2] - The initiative reflects the company's commitment to building a more efficient and sustainable organization [3][4] Employee Impact and Support - More than 60 employees will be impacted by the closure of the Pilar facility, and the company is providing support to those affected [3] - The CEO emphasized the importance of supporting the Pilar team during this transition [3] Commitment to Customers - Magnera is focused on maintaining exceptional service and honoring customer commitments throughout the operational changes [3] - The company is leveraging its global portfolio to ensure seamless continuity and consistent delivery across all markets [3] Future Outlook - The CEO described this moment as an evolution and an opportunity for the company to build a stronger, more agile organization [4] - Magnera is investing in advanced systems and technologies to enhance responsiveness and innovation [3]

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 46 production facilities worldwide and is supported by more than 9,000 employees [2] Company 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, maintaining strong partnerships [3] Upcoming Events - Magnera will participate in the 2025 Mizuho Industrials & Chemicals Conference in New York, with CFO Jim Till and EVP Robert Weilminster hosting one-on-one meetings with institutional investors on August 13, 2025 [1]

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 products for the food and beverage industry [3] - The company operates across 46 production facilities and is supported by more than 9,000 employees worldwide [3] Upcoming Financial Results - Magnera is set to release its 2025 third quarter results before trading on the New York Stock Exchange on August 6, 2025 [1] - A conference call to discuss the financial results will take place at 10:00 a.m. ET on the same day, with options for Q&A and a webcast available [2] Company Mission and History - Magnera's mission is to improve the world by providing new possibilities through material solutions, having delivered these solutions for over 160 years [4] - The company has consistently adapted to economic challenges, global pandemics, and changing customer needs, maintaining strong partnerships and a comprehensive product portfolio [4]

Core Points - Magnera Corporation will be added to the Russell 3000 Index, effective after the U.S. market closes on June 27, 2025 [1] - The Russell 3000 Index represents approximately 98% of investable U.S. equities by market capitalization, including large-cap, mid-cap, small-cap, and some microcap stocks [2] Company Overview - Magnera Corporation 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 [3] - The company operates across 46 production facilities and is supported by more than 9,000 employees worldwide [3] - With a history of over 160 years, Magnera has consistently adapted to economic challenges, global pandemics, and changing customer needs, focusing on delivering material solutions that help partners thrive [4]

Core Viewpoint - Magnera Corporation will participate in the 2025 Wells Fargo Industrials & Materials Conference, highlighting its commitment to engaging with investors and showcasing its material solutions [1]. 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 global production facilities and is supported by more than 9,000 employees [2]. Company Mission 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 a commitment to exceeding expectations [3]. - Magnera emphasizes building personal partnerships that can endure in a changing world, leveraging its extensive product portfolio to provide customers with more choices [3].