Magnera | 10-Q: FY2025 Q2 Revenue: USD 824 M

Revenue: As of FY2025 Q2, the actual value is USD 824 M.

EPS: As of FY2025 Q2, the actual value is USD -1.15.

Segment Revenue

• Americas: Net sales for the quarter ended March 29, 2025, were $473 million, a 26% increase from $375 million in the prior quarter.
• Rest of World: Net sales for the quarter ended March 29, 2025, were $351 million, a 92% increase from $183 million in the prior quarter.

Operational Metrics

• Americas: Operating income for the quarter was $8 million, a 60% decrease from $20 million in the prior quarter.
• Rest of World: Operating loss for the quarter was - $4 million, compared to an operating income of $1 million in the prior quarter.

Cash Flow

• Net Cash from Operating Activities: Increased by $14 million from the prior YTD, primarily due to improved working capital.
• Net Cash from Investing Activities: Increased by $33 million from the prior YTD, attributed to cash acquired in connection with the Transaction and settlement of net investment hedges.
• Net Cash from Financing Activities: Increased by $25 million from the prior YTD, primarily due to higher transfers from Berry prior to the Transaction.

Unique Metrics

• Free Cash Flow: Post-Transaction free cash flow for the YTD was $58 million, including additions to property, plant, and equipment of - $39 million.

Future Outlook and Strategy

• Core Business Focus: The company projects post-Transaction free cash flow of $75-95 million for fiscal 2025, including $75 million of capital spending.
• Non-Core Business: The company expects to realize annual synergies of $55 million net of incremental standalone costs from the GLT acquisition.