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Dec 31, 2023
Pactiv Evergreen Q4 2023 Earnings Report
Pactiv Evergreen reported solid financial performance and exceeded guidance in Q4 2023.
Key Takeaways
Pactiv Evergreen's Q4 2023 total net revenues were $1,274 million, a 14% decrease compared to Q4 2022. Net income from continuing operations was $22 million, and adjusted EPS was $0.33. The company is implementing a footprint optimization plan expected to generate $35 million in annual cost savings by 2026.
Total net revenues for Q4 2023 were $1,274 million, down 14% year-over-year.
Net income from continuing operations for Q4 2023 was $22 million, compared to $27 million in Q4 2022.
Adjusted EBITDA for Q4 2023 was $207 million, compared to $167 million in Q4 2022.
Adjusted EPS for Q4 2023 was $0.33, compared to $0.17 in Q4 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is providing 2024 Adjusted EBITDA guidance in the range of $850 million to $870 million, with between $160 million and $170 million for the first quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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