Shares of MAGNERA (MAGN) soared 5.42% in the intraday trading session on Thursday, as the company provided an upbeat outlook for fiscal 2025 and guided for robust free cash flow generation.
In its fiscal first-quarter earnings release, MAGNERA projected fiscal 2025 adjusted EBITDA in the range of $387 million to $403 million, representing year-over-year growth of around 7% on a comparable basis. The company also forecasted post-merger adjusted free cash flow of $75 million to $95 million for the full year, supported by strong cash flow from operating activities and disciplined capital expenditures.
The solid guidance underscores MAGNERA's confidence in its growth prospects and ability to generate substantial cash flows, which could potentially support further investments, debt reduction, or shareholder returns. Investors welcomed the positive outlook, driving the stock higher in Thursday's trading session.