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.
Net sales were $2.520 billion, similar to the prior year quarter.
GAAP diluted EPS was $1.64, compared to $0.80 in the prior year quarter.
Adjusted diluted EPS was $1.55, up 4% from $1.49 in the prior year quarter.
Operating EBITDA was $436 million, a 2% increase from $427 million in the prior year quarter.
Due to the pending transaction with Amcor plc, the Company will not host a quarterly conference call and did not provide specific forward guidance figures in this release. The forward-looking statements section primarily discusses risks related to the Amcor transaction and general business risks.
Visualization of income flow from segment revenue to net income