Magnera Corporation

magnera.com

What Do They Do?

Makes specialty materials and product components for personal care, consumer and infrastructure applications, serving global and national brands, private-label businesses, and small to midsized regional companies.

How Do They Make Money?

Customers pay for the company's products, generally when the products ship.

FY2025 revenue

Who Are Their Customers?

Customers across consumer end markets and infrastructure are served by a dedicated direct sales force, with sales and marketing tailored to particular accounts where applicable.

Customers above 10% of revenue, FY2025

of revenue from one customer

Do Revenues Turn Into Profits?

Not on paper. It lost $159M in FY2025, but brought in more cash than it spent: $36M of free cash flow.

Operating income, FY2025

0% of revenue

▲ Now profitable vs FY2024 (−$141M, −6%)

Net income, FY2025

−5% of revenue

▲ +3% (Loss) vs FY2024 (−$154M, −7%)

Free cash flow, FY2025

1% of revenue

▼ −70% vs FY2024 ($120M, 5%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jun 27, 2026

Revenue: ▲ +2%; vs $839M in Q3 FY2025
Net income: ▲ +11% (Loss); vs −$18M in Q3 FY2025

Growing. Revenue grew 3.0x in 4 years, from $1.1B in FY2021 to $3.2B in FY2025, about 31% a year.

Combined company The latest report describes a combined company formed from Treasure and Glatfelter, with specialty materials for personal care, consumer products and infrastructure; the older report describes Glatfelter's engineered materials for filtration, hygiene, packaging, home improvement and industrial uses.

Who Do They Compete With?

Competes with Ahlstrom, Avgol, Mativ, PFNonwovens, Freudenberg, and Fitesa

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