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Sep 28, 2024
Berry Plastics Q4 2024 Earnings Report
Berry Global Group reported mixed results for Q4 2024, with increased net sales but decreased operating income and EPS.
Key Takeaways
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.
Net sales increased by 3% to $3.2 billion, driven by higher selling prices and organic volume growth of 1%.
Operating income decreased by 11% to $269 million, impacted by higher restructuring costs and negative price-cost spread.
Earnings per share decreased to $1.26, while adjusted earnings per share was $2.27.
The company successfully completed the spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films Business.
Revenue by Segment
Forward Guidance
Berry Global provided fiscal year 2025 guidance, including an adjusted earnings per share range of $6.10-$6.60 and free cash flow of $600-$700 million.
Positive Outlook
- Adjusted earnings per share range of $6.10-$6.60 (Fiscal 2024 comparable ~$6.00)
- Cash flow from operations of $1.125-$1.225 billion
- Free cash flow of $600-$700 million
- Committed to further debt reduction
- Committed to return of capital to shareholders
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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