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Sep 30, 2023
Berry Plastics Q4 2023 Earnings Report
Berry Global reported strong Q4 and fiscal year 2023 results, exceeding adjusted EPS outlook and significantly beating free cash flow guidance.
Key Takeaways
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.
Net sales reached $3.1 billion with operating income at $301 million, and EPS of $1.55.
Operating EBITDA was $547 million, and adjusted EPS stood at $2.28.
Returned $216 million to shareholders through share repurchases and dividends.
FY23 saw net sales of $12.7 billion, operating income of $1.1 billion, EPS of $4.95, and free cash flow of $926 million.
Berry Plastics
Berry Plastics
Berry Plastics Revenue by Segment
Revenue by Segment
Consumer Packaging - Intl Revenue
CapyFin.comConsumer Packaging - NA Revenue
CapyFin.comFlexibles Revenue
CapyFin.com Forward Guidance
Berry Global provided its fiscal year 2024 guidance, including adjusted earnings per share range of $7.35 - $7.85 and cash flow from operations range of $1.35 - $1.45 billion, with a free cash flow range of $800 - $900 million. The company is committed to debt reduction and returning capital to shareholders through share repurchases and dividends.
Positive Outlook
- Adjusted earnings per share range of $7.35 - $7.85
- Cash flow from operations range of $1.35-$1.45 billion
- Free cash flow range of $800-900 million
- Committed to debt reduction
- Returning capital to shareholders through share repurchases and dividends
Revenue & Expenses
Visualization of income flow from segment revenue to net income