NYSE:MAGNForestry
Magnera (MAGN) Stock Drops As Strong EBITDA Meets Tight Cash Flow Outlook
Magnera stock closed at US$12.53, down about 7.5% on the day, which indicates traders focused first on the near term hit. Yet behind that drop is a quarter that increased revenue to US$857m and lifted adjusted earnings before interest, taxes, depreciation and amortization to US$99m, which management described as the strongest since the merger. The key question for you is whether the earnings and free cash flow guide of US$90m to US$110m for the year is sufficient to support a longer term...