Berry Plastics Earnings Reports

Berry Global Group delivered a solid second quarter result, with net sales and operating EBITDA in line with expectations. The company achieved 2% organic volume growth, driven by positive volumes across all three segments. Strategic portfolio activities, including the sale of the Tapes business and the pending merger with Amcor, were also highlighted.

Berry Global Group's Q4 2024 saw a 3% increase in net sales to $3.2 billion, driven by higher selling prices and organic volume growth. However, operating income decreased by 11% to $269 million, and earnings per share decreased to $1.26. The company completed the spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films Business and announced a merger agreement with Amcor Plc.

Berry Global reported Q3 2024 results, achieving net sales of $3.2 billion and operating income of $303 million. The company saw a 2% increase in overall organic volumes, with growth across all four operating segments. Adjusted EPS was $2.18, up 16% year-over-year, and operating EBITDA reached $546 million. The company is progressing with its portfolio optimization, including the planned spin/merger of its Health, Hygiene & Specialties segment.

Berry Global Group reported net sales of $3.1 billion and operating income of $208 million. The company's performance was consistent with expectations, offsetting sluggish macroeconomic demand and inflation. Berry increased its cost savings program target by 18% and reaffirmed its fiscal 2024 outlook, including adjusted EPS of $7.35 - $7.85 and free cash flow of $800 - $900 million.

Berry Global reported net sales of $3.1 billion and operating income of $301 million for the fourth quarter of 2023. The company's adjusted EPS was $2.28, and it returned $216 million to shareholders. For fiscal year 2023, Berry reported net sales of $12.7 billion and operating income of $1.1 billion, with an adjusted EPS of $7.42 and free cash flow of $926 million.

Berry Global Group reported net sales of $3.2 billion and operating income of $267 million. The company's adjusted earnings per share was $1.90. Berry continues to prioritize structural cost improvements and enhance operating efficiencies.

Berry Global Group reported mixed results for Q2 2023. While adjusted earnings per share increased, net sales and operating income decreased due to volume decline, unfavorable foreign currency changes, and prior quarter divestiture sales. The company is focusing on cost improvements and high-value growth markets.

Berry Global Group reported first quarter results with operating income of $210 million and adjusted earnings per share of $1.30, up 11% on a comparable basis. The company reaffirmed its fiscal year 2023 adjusted EPS and free cash flow ranges. They returned $211 million to shareholders and reduced their long-term leverage target.

Berry Global Group, Inc. reported fourth-quarter results, featuring net sales of $3.4 billion, operating income of $336 million, and earnings per share of $1.85. Adjusted earnings per share reached a record $2.19, an 18% increase. The company's operating EBITDA increased by 9% to $539 million. For fiscal year 2022, Berry reported record net sales of $14.5 billion and adjusted earnings per share of $7.40.

Berry Global Group reported a 6% increase in net sales to $3.7 billion. EPS was $1.58 and adjusted EPS was $2.03, up 10%. The company repurchased $286 million of shares in the quarter and expects to repurchase at least $700 million in fiscal 2022.

Berry Global Group reported a net sales increase of 12% to $3.8 billion. The diluted earnings per share was $1.50, and the adjusted diluted earnings per share was $1.93. The company reaffirms fiscal year 2022 adjusted earnings per share and free cash flow guidance.

Berry Global Group reported a 14% increase in revenue to $3.6 billion for the first fiscal quarter of 2022. The company reaffirmed its fiscal 2022 adjusted EPS guidance of $7.20 to $7.70 and expects a 2% organic volume growth. Supply chain disruptions and inflation were noted as challenges, but the company anticipates improvements in the second half of the fiscal year.

Berry Global Group's Q4 2021 results showed net sales growth of 22%, driven by increased selling prices, but organic volumes were down 1% due to supply chain and labor challenges. The company reported a decrease in operating income primarily attributed to an unfavorable price cost spread. For the full fiscal year, Berry achieved a net sales record of $13.9 billion and adjusted EPS of $5.80.

Berry Global Group reported a strong third quarter with a 26% increase in net sales to $3.7 billion, driven by increased selling prices and organic volume growth. The company is raising its fiscal year 2021 outlook for operating EBITDA to $2.26 billion and reaffirming its organic volume growth assumption of 5%.

Berry Global Group, Inc. reported a 13% increase in net sales to $3.4 billion and a 34% increase in adjusted earnings per share to $1.59 compared to the prior year. The company raised its fiscal year 2021 operating EBITDA guidance by $50 million to $2.25 billion and increased its organic volume growth assumption from 4% to 5%.

Berry Global Group, Inc. reported strong first fiscal quarter 2021 results with net sales of $3.1 billion and 7 percent organic volume growth. The company raised its fiscal year 2021 operating EBITDA guidance range by $25 million to $2.175 - $2.225 billion and increased fiscal 2021 organic volume growth assumption by 2 percent, now targeting 4 percent.

Berry Global Group reported flat net sales of $3 billion with a 4% organic volume increase. Operating income was $349 million, and operating EBITDA increased by 18% to $586 million. Net income per diluted share was $1.44, and adjusted net income per diluted share increased by 77% to $1.59.

Berry Global Group, Inc. reported a 50% increase in net sales to $2.9 billion and a 61% increase in operating income to $347 million for the third quarter of 2020. Adjusted earnings per share increased by 69% to $1.52, and the company increased its fiscal year 2020 free cash flow guidance to $830 million.

Berry Global Group reported a 53% increase in net sales to $3.0 billion and a 54% increase in operating income to $284 million. Adjusted earnings per share increased by 42% to $1.19. The company reaffirmed its fiscal year 2020 cash flow from operations and free cash flow guidance of $1.4 billion and $800 million, respectively.

Berry Global Group, Inc. reported a strong first quarter with net sales up 43% to over $2.8 billion and operating income up 13% to $199 million. The company reaffirmed its fiscal year 2020 free cash flow guidance of $800 million.