Magnera Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.19B | $1.39B | $1.49B | $1.08B | $916.5M | $927.7M | $866.3M |
| Cost of Revenue | $2.87B | $1.95B | $1.26B | $1.34B | $939.9M | $768.6M | $780.1M | $735.9M |
| Gross Profit | $337.0M | $237.0M | $129.7M | $148.8M | $144.8M | $147.9M | $147.5M | $130.4M |
| Gross Margin | 10.5% | 10.8% | 9.4% | 10.0% | 13.3% | 16.1% | 15.9% | 15.1% |
| Operating Expenses | ||||||||
| Research & Development | $20.0M | $13.0M | $15.0M | — | — | — | — | — |
| SG&A Expense | $190.0M | $107.0M | $109.7M | $125.0M | $121.3M | $99.1M | $95.0M | $111.7M |
| Operating Income | $5.0M | $-141.0M | $2.7M | $-164.0M | $28.6M | $49.2M | $54.6M | $21.9M |
| Operating Margin | 0.2% | -6.4% | 0.2% | -11.0% | 2.6% | 5.4% | 5.9% | 2.5% |
| Interest Expense | — | — | $64.7M | $33.2M | $12.4M | $7.0M | $10.4M | $15.6M |
| Pretax Income | $-166.0M | $-135.0M | $-71.1M | $-204.4M | $13.7M | $32.4M | $-34.5M | $7.3M |
| Income Tax Expense | $-7.0M | $19.0M | $7.0M | $-10.3M | $7.0M | $11.6M | $-9.2M | $7.7M |
| Net Income | $-159.0M | $-154.0M | $-79.1M | $-194.2M | $6.9M | $21.3M | $-21.5M | $-177.6M |
| Net Margin | -5.0% | -7.0% | -5.7% | -13.0% | 0.6% | 2.3% | -2.3% | -20.5% |
| EPS (Basic) | $-4.47 | $-4.84 | $-1.75 | $-4.33 | $0.15 | $0.48 | $-0.49 | $-4.06 |
| EPS (Diluted) | $-4.47 | $-4.84 | $-1.75 | $-4.33 | $0.15 | $0.48 | $-0.49 | $-4.06 |
| Shares Outstanding (Basic) | 35.5M | 31.8M | 45.1M | 44.8M | 44.6M | 44.3M | 44.1M | 43.8M |
| Shares Outstanding (Diluted) | 35.5M | 31.8M | 45.1M | 44.8M | 44.9M | 44.6M | 44.1M | 43.8M |
| Dividends Per Share | — | — | — | $0.28 | $0.56 | $0.54 | $0.52 | — |