MAGN on NYSE

Glatfelter

Logo: glatfelter.com4

Manufacturing company

Glatfelter was a global manufacturer of engineered solutions. It merged with Berry Global’s Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”), to form Magnera Corporation (NYSE: MAGN), the largest nonwovens company in the world.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$3.2BRevenue, fiscal 20255
-$159.0MNet income, fiscal 20255
1864Founded1

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  • TickerMAGN on NYSE1
  • Industrypulp and paper industry1
  • HeadquartersCharlotte1
  • Websitewww.glatfelter.com
  • Incorporated inPA6
  • Business address9335 Harris Corners Pkwy, Suite 300, Charlotte, Nc 282696
  • Filer categoryAccelerated filer6

Glatfelter was a global manufacturer of engineered solutions. It merged with Berry Global’s Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”), to form Magnera Corporation (NYSE: MAGN), the largest nonwovens company in the world. Magnera provides a broad platform of solutions for the specialty materials industry.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.2%Operating margin5
-5.0%Net margin5
46.5%Revenue growth, 20255
-14.9%Return on equity5
1.83×Debt to equity5
$36.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States And Canada brought in 44% of the revenue Glatfelter broke down this way in fiscal 2025.

  1. United States And Canada$1.4B544%up 41% from 2024
  2. Rest Of World$1.4B543%up 98% from 2024
  3. Latin America$435.0M514%down 13% from 2024
Regions by year
Regions202320242025
United States And Canada$998.0M$991.0M$1.4B
Rest Of World$744.0M$694.0M$1.4B
Latin America$533.0M$502.0M$435.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue89¢$2.9B
  • Research and development1¢$20.0M
  • Selling, general and admin6¢$190.0M
  • Other costs4¢$120.0M
  • Income tax0¢$7.0M

Out of $3.2B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending65¢$67.0M
  • Kept or used elsewhere35¢$36.0M

Out of $103.0M of cash from operations.5

Financial statements

Revenue891011125$3.2B in 2025+270% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $866.3M$866.3M20182019: $927.7M$927.7M2019+7%2020: $916.5M$916.5M2020−1%2021: $1.1B$1.1B2021+18%2022: $1.5B$1.5B2022+37%2023: $1.4B$1.4B2023−6%2024: $2.2B$2.2B2024+56%2025: $3.2B$3.2B2025+47%
Gross profit891011$129.7M in 2023−1% since 2018
0$50.0M$100.0M$150.0M2018: $130.4M$130.4M20182019: $147.5M$147.5M2019+13%2020: $147.9M$147.9M2020+0%2021: $144.8M$144.8M2021−2%2022: $148.8M$148.8M2022+3%2023: $129.7M$129.7M2023−13%
Operating income8910115$5.0M in 2025−77% since 2018
-$200.0M-$100.0M0$100.0M2018: $21.9M$21.9M20182019: $54.6M$54.6M2019+149%2020: $49.2M$49.2M2020−10%2021: $28.6M$28.6M2021−42%2022: -$164.0M-$164.0M20222023: $2.7M$2.7M20232024: -$141.0M-$141.0M20242025: $5.0M$5.0M2025
Net income8910115-$159.0M in 2025−10% since 2018
-$200.0M-$100.0M0$100.0M2018: -$177.6M-$177.6M20182019: -$21.5M-$21.5M2019−88%2020: $21.3M$21.3M20202021: $6.9M$6.9M2021−67%2022: -$194.2M-$194.2M20222023: -$79.1M-$79.1M2023−59%2024: -$154.0M-$154.0M2024+95%2025: -$159.0M-$159.0M2025+3%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-09-302024-09-302023-09-30
Net sales$3.2B$2.2B$2.3B
Cost of goods sold$2.9B$1.9B$2.0B
Selling, general and administrative$190.0M$107.0M$110.0M
Amortization of intangibles$50.0M$48.0M$51.0M
Goodwill and other impairment$0$172.0M$0
Restructuring and other activities$89.0M$30.0M$24.0M
Corporate expense allocation$3.0M$21.0M$26.0M
Operating income (loss)$5.0M-$141.0M$69.0M
Other expense (income), net$30.0M-$9.0M-$3.0M
Interest expense, net$141.0M$3.0M$0
Income (loss) before income taxes-$166.0M-$135.0M$72.0M
Income tax expense (benefit)-$7.0M$19.0M$34.0M
Net income (loss)-$159.0M-$154.0M$38.0M
Net income (loss) per share: Basic (in Dollars per share)-$4.47-$4.84$1.19
Net income (loss) per share: diluted (in Dollars per share)-$4.47-$4.84$1.19

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The story

As early as 1880, Glatfelter led the industry with the installation of the world's largest paper machine.

Glatfelter switched to making paper using wood fiber instead of rags in the 1880s.

In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion.

In 1947, Glatfelter launched a tree farm managed for the growing of sustainable forest crops in Pennsylvania and Maryland.

Glatfelter's previous president and CEO, George Henry Glatfelter II, is the great-great grandson of the founder, Philip Henry Glatfelter (1837–1907), who also founded York Ice Company, which became York Heating and Air Conditioning.

Glatfelter's work with sustainable tea packaging was highlighted in the September 2009 issue of the Tea & Coffee Trade Journal.

In August 2018, Glatfelter announced an agreement to sell its Specialty Papers division to private investment firm Lindsay Goldberg for $360 million, with the sale to close before 2019. This formed a new privately held company, Pixelle Specialty Solutions.

In February 2020, Glatfelter announced it would relocate its corporate headquarters from York, Pennsylvania, to Charlotte, North Carolina later in the year.

Read the full text

In June 2021, Glatfelter acquired the Mount Holly and Memphis sites. The transaction included Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation and an R&D development in Memphis Tennessee. The Mount Holly site produces airlaid products focused on table top materials.

In October 2021, Glatfelter acquired Jacob Holm. Glatfelter acquired four additional manufacturing sites and six sales offices located in the Americas, Europe, and Asia, and approximately 760 employees world-wide.

August 25, 2022, Glatfelter announced Thomas Fahnemann has been appointed to the role of president and chief executive officer. He replaced chairman and chief executive officer, Dante C. Parrini, who left the company following a 25-year career. The Board also appointed Kevin Fogarty, independent Glatfelter board director and chairman of the nominating and corporate governance committee, to the role of non-executive chairman.

February 14, 2024, US packaging producer Berry Global Group signed a definitive agreement with fellow US Glatfelter Corporation on 7 February for the spin-off and merger of the majority of Berry’s Health, Hygiene ad Specialties segment, including nonwovens and films ("HHNF”), with Glatfelter. The merger reportedly aims to create a leading, publicly traded company in the specialty materials industry.

November 4, 2024, Glatfelter merged with Berry Global’s Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”), forming Magnera Corporation.

From Wikipedia’s article on Glatfelter, shared under CC BY-SA 4.0.7

Leadership

Who has led Glatfelter, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (51)

Former names

  • Glatfelter CorpOct 1, 2020 to Nov 4, 20246
  • GLATFELTER P H CONov 14, 1994 to Aug 4, 20206

Timeline

  1. Nov 6, 2024New chief executive Curt Begle becomes CEO17
  2. 2024Dissolved Dissolved1
  3. Aug 25, 2022New chief executive Thomas Fahnemann becomes CEO18
  4. Jan 4, 2011New chief executive Dante C. Parrini becomes CEO19
  5. Dec 18, 2009New chief executive George H. Glatfelter Ii. becomes CEO20
  6. Jan 3, 1994Went public Listed on NYSE1
  7. 1864Founded Founded1

Recent filings

  1. Aug 6, 20268-K
  2. Aug 6, 202610-Q
  3. Aug 5, 2026SCHEDULE 13G/A
  4. Jun 29, 202611-K
  5. May 15, 2026SCHEDULE 13G/A
  6. May 15, 2026SCHEDULE 13G/A
  7. May 12, 2026SCHEDULE 13G/A
  8. May 7, 20268-K
  9. May 7, 202610-Q
  10. Mar 27, 2026SCHEDULE 13G/A
  11. Mar 12, 20268-K CURRENT REPORT FILING
  12. Mar 10, 20264 PRIMARY DOCUMENT
  13. Mar 10, 20264 PRIMARY DOCUMENT
  14. Mar 10, 20264 PRIMARY DOCUMENT
  15. Mar 10, 20264 PRIMARY DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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