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Dec 31, 2024
Pactiv Evergreen Q4 2024 Earnings Report
Pactiv Evergreen Inc. reported a decrease in net loss and an increase in gross profit for the fiscal year ended December 31, 2024, primarily driven by higher gross profit and lower selling, general, and administrative expenses, partially offset by higher restructuring and asset impairment charges.
Key Takeaways
Pactiv Evergreen Inc. reported a net loss of $133 million for the fiscal year ended December 31, 2024, a significant improvement from a $220 million net loss in the prior year. Gross profit increased by $231 million, reaching $964 million. Total net revenues decreased by 7% to $5,148 million, primarily due to the closure of the Canton Mill and the Pine Bluff Transaction, as well as lower sales volume.
Net loss improved significantly to $133 million in 2024 from $220 million in 2023.
Gross profit increased by 32% to $964 million in 2024.
Total net revenues decreased by 7% to $5,148 million, impacted by mill closures and lower sales volume.
Adjusted EBITDA from continuing operations decreased by 6% to $791 million.
Pactiv Evergreen
Pactiv Evergreen
Pactiv Evergreen Revenue by Segment
Pactiv Evergreen Revenue by Geographic Location
Revenue by Segment
Foodservice Revenue
CapyFin.comFood and Beverage Merchandising Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comRest of North America Revenue
CapyFin.com Forward Guidance
The company anticipates continued moderation in demand due to sustained high inflation and expects continued uncertainty from geopolitical factors and trade relations. Despite these challenges, the company remains focused on operational efficiency and strategic growth.
Positive Outlook
- Focus on servicing customers and improving manufacturing productivity.
- Optimizing costs across the business.
- Strategic capital investment program to reduce labor intensity.
- Ability to obtain additional financing for growth strategies.
- Commitment to sustainability-driven innovation.
Challenges Ahead
- Moderation in demand for certain products due to high inflation.
- Increased price sensitivity from customers.
- Uncertainty from geopolitical factors and trade relations.
- Potential decline in consumer spending in 2025.
- Risk of not realizing all expected benefits from cost savings programs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income