Pactiv Evergreen Q4 2023 Earnings Report
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.
Pactiv Evergreen
Pactiv Evergreen
Pactiv Evergreen Revenue by Segment
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.