Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. Its Consumer Packaging International segment offers closures, dispensing systems, and applicators; inhalers and dose counters; polythene films; packaging solutions for consumer and industrial applications in personal care, beverage, and food markets; injection molded and thermoformed containers, and lids; and molds and molded components, as well as recycles rigid and flexible end of life materials from industrial and consumer sources. Its Consumer Packaging North America segment provides containers and pails for branded and private label customers; lightweight polypropylene cups and lids for hot and cold beverages; child-resistant, continuous-thread, and tamper closures, as well as aerosol overcaps; bottles and prescription vials; and extruded and laminate tubes. Its Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and agriculture films. Its Health, Hygiene & Specialties segment provides medical garment materials, surgical drapes, household cleaning wipes, and face masks for infection prevention; components for baby diapers, adult incontinence, and other absorbent hygiene products, elastic films and laminates, and substrates for dryer sheets; and products and components for geosynthetics and filtration products. The company sells its products through direct sales force of professionals and distributors in the United States, Canada, Europe, and internally. The company was formerly known as Berry Plastics Group, Inc. and changed its name to Berry Global Group, Inc. in April 2017. Berry Global Group, Inc. was founded in 1967 and is headquartered in Evansville, Indiana.
IPO Year: 2012
Exchange: NYSE
Website: berryglobal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/25/2024 | $76.00 | Neutral | Citigroup |
| 11/25/2024 | $70.00 → $76.00 | Overweight | Analyst |
| 11/22/2024 | $75.00 | Buy → Neutral | UBS |
| 9/4/2024 | $76.00 | Equal-Weight | Morgan Stanley |
| 4/16/2024 | $68.00 → $65.00 | Outperform → Neutral | Robert W. Baird |
| 3/27/2024 | $75.00 → $68.00 | Buy → Hold | Truist |
| 3/15/2024 | $72.00 → $62.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/1/2024 | Peer Perform | Wolfe Research | |
| 1/16/2024 | $89.00 | Buy | UBS |
| 10/20/2023 | Mkt Perform | Raymond James |
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~ Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company ~ James M. Till to serve as Executive Vice President, Chief Financial Officer & Treasurer ~ Tarun Manroa to serve as Executive Vice President, Chief Operating Officer CHARLOTTE, N.C., April 11, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), a leading global supplier of engineered materials, in anticipation of the previously announced proposed merger of the majority of Berry Global's Health, Hygiene, and Specialties segment to include its Global Nonwovens and Films ("HHNF") business with Glatfelter, is pleased to announce today key leadership appointments, in
Tom Salmon to Remain in Advisory Role Through Year-End Stephen Sterrett, Lead Independent Director, Named Chairman of the Board Berry Global Group, Inc. (NYSE:BERY) ("Berry" or the "Company"), a leading supplier of packaging solutions for consumer goods and industrial products, today announced that its Board of Directors (the "Board") has unanimously elected Kevin Kwilinski as Chief Executive Officer of Berry, effective October 2, 2023. In connection with this appointment, the Board has elected Stephen Sterrett, Lead Independent Director, as Chairman of the Board, also effective on October 2, 2023. As previously announced in February 2023, Tom Salmon will retire from his roles as CEO an
Matthews' appointment bolsters Berry's global commitment to centering D&I as a strategic priority Berry Global Group, Inc. (NYSE:BERY), recently announced the appointment of Anastasia Matthews to the role of Vice President – Global Diversity & Inclusion/Corporate Human Resources. In her new role, Matthews is leading Berry's Executive D&I Council and D&I Global Workgroup in the development and execution of an updated diversity and inclusion strategy. This strategy will seek to advance the company's commitment to fostering an environment that is inclusive of a broad range of cultures, backgrounds, and experiences represented among its employees, customers, and suppliers. This press release f
Enters Into Cooperation Agreement with Shareholders Ancora and Eminence Capital Berry Global Group, Inc. (NYSE:BERY) ("Berry" or the "Company"), a leading supplier of packaging solutions for consumer goods and industrial products, today announced the appointments of three new independent members of the Company's Board of Directors (the "Board") and the formation of a Capital Allocation Committee. In connection with these enhancements, which align with Berry's ongoing focus on Board refreshment and maintaining strong governance, the Company also entered into a mutual cooperation agreement (the "Agreement") with shareholders Ancora Holdings Group, LLC ("Ancora") and Eminence Capital, L.P. ("
Citigroup resumed coverage of Berry Global with a rating of Neutral and set a new price target of $76.00
Analyst resumed coverage of Berry Global with a rating of Overweight and set a new price target of $76.00 from $70.00 previously
UBS downgraded Berry Global from Buy to Neutral and set a new price target of $75.00
Morgan Stanley initiated coverage of Berry Global with a rating of Equal-Weight and set a new price target of $76.00
Robert W. Baird downgraded Berry Global from Outperform to Neutral and set a new price target of $65.00 from $68.00 previously
Truist downgraded Berry Global from Buy to Hold and set a new price target of $68.00 from $75.00 previously
RBC Capital Mkts downgraded Berry Global from Outperform to Sector Perform and set a new price target of $62.00 from $72.00 previously
Wolfe Research initiated coverage of Berry Global with a rating of Peer Perform
UBS resumed coverage of Berry Global with a rating of Buy and set a new price target of $89.00
Raymond James resumed coverage of Berry Global with a rating of Mkt Perform
GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees
Strategy Update Successful completion of the spin of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business (‘HHNF') and merger with Glatfelter Corporation in November Entered into a definitive merger agreement with Amcor, to combine, in an all-stock transaction and expected to be completed in the middle of calendar 2025 Announcement of the sale of our Tapes business; Closed in early February 2025 First Quarter Highlights GAAP: Net sales of $2.4 billion; Operating income of $152 million; Earnings per share of $0.69 Non-GAAP: Operating EBITDA of $378 million; Adjusted earnings per share of $1.09 Organic volume growth of +2% Operating EBITDA growth
Nautic Partners, LLC ("Nautic"), in partnership with management, has officially completed its acquisition of the Specialty Tapes business from Berry Global Group, Inc. (NYSE:BERY), unveiling the newly branded company, Vybond™. As a standalone business, Vybond is positioned to expand its leadership in pressure-sensitive adhesive tapes, delivering innovative solutions to industrial and specialty markets worldwide. With its headquarters in Franklin, KY, and operations in Riverhead, NY, and Bristol, RI, Vybond boasts a diverse portfolio of over 1,500 SKUs across 500+ product families. Vybond's expansive portfolio includes over 60 years of heritage from brands such as Adchem®, Ludlow®, Nashua®
Berry Global Group, Inc.'s (NYSE:BERY) board of directors today declared a quarterly cash dividend of $0.31 per share. The payment date is March 17, 2025, to stockholders of record as of March 3, 2025. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 34,000 global employees across more than 200 locations, we partner with customers to
Berry Global Group, Inc. (NYSE:BERY), announced today that it will release its first quarter 2025 results on Tuesday, February 4, 2025, before trading begins on the New York Stock Exchange. As a result of the announced transaction in November 2024 with Amcor, Berry will not hold its normal quarterly conference call on the Company's results and performance. The Company will post their earnings release and a supplemental presentation regarding its first quarter 2025 earnings results on the Company's website at https://ir.berryglobal.com/financials. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging solutions that we believe make life better for people and
New York, United States, Jan. 27, 2025 (GLOBE NEWSWIRE) -- FIBCs are also referred to as bulk bags, jumbo bags, and large bags. These comprise flexible woven material, commonly polypropylene (PP), and can support 500 kg to 2,000 kg. Woven PP Fabric is used to create FIBCs (Flexible Intermediate Bulk Containers), also known as Big Bag, Jumbo bags, Bulk bags, Super Sacks bags, Tote bags, etc. Manufacturers provide lightweight containers, so the FIBC Market is expected to expand consistently. In addition, the expansion of the food and pharmaceutical industries and the growing need to reduce the total weight of bulk packaging are one of the most critical drivers driving the need for FIBC. It i
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Joint Proxy Statement Filed with U.S. Securities and Exchange Commission Amcor and Berry Global Shareholder Meetings to take place on 25 February 2025 Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY) today announce that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement ("the Joint Proxy Statement') with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place on Tuesday 25 February, 2025. This transaction brings together two highly complementary businesses to
Joint Proxy Statement Filed with U.S. Securities and Exchange Commission Amcor and Berry Global Shareholder Meetings to take place on 25 February 2025 ZURICH and EVANSVILLE, Ind. , Jan. 23, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY) today announce that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement ("the Joint Proxy Statement') with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place on Tuesday 25 February, 2025.
Berry Global Group, Inc. (NYSE:BERY) ("Berry") announced today the commencement by Berry Global, Inc., Berry's wholly owned subsidiary (the "Issuer"), of an offer to exchange up to $800,000,000 of the Issuer's new 5.650% First Priority Senior Secured Notes due 2034 and up to $800,000,000 of the Issuer's new 5.800% First Priority Senior Secured Notes due 2031 (collectively, the "Exchange Notes"), for an equal amount of the Issuer's outstanding unregistered 5.650% First Priority Senior Secured Notes due 2034 and unregistered 5.800% First Priority Senior Secured Notes due 2031 (collectively, the "Outstanding Notes"), in a transaction registered under the Securities Act of 1933, as amended. The
Strategy Update Successful completion of the spin of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business (‘HHNF') and merger with Glatfelter Corporation in November Entered into a definitive merger agreement with Amcor, to combine, in an all-stock transaction and expected to be completed in the middle of calendar 2025 Announcement of the sale of our Tapes business; Closed in early February 2025 First Quarter Highlights GAAP: Net sales of $2.4 billion; Operating income of $152 million; Earnings per share of $0.69 Non-GAAP: Operating EBITDA of $378 million; Adjusted earnings per share of $1.09 Organic volume growth of +2% Operating EBITDA growth
Berry Global Group, Inc.'s (NYSE:BERY) board of directors today declared a quarterly cash dividend of $0.31 per share. The payment date is March 17, 2025, to stockholders of record as of March 3, 2025. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 34,000 global employees across more than 200 locations, we partner with customers to
Berry Global Group, Inc. (NYSE:BERY), announced today that it will release its first quarter 2025 results on Tuesday, February 4, 2025, before trading begins on the New York Stock Exchange. As a result of the announced transaction in November 2024 with Amcor, Berry will not hold its normal quarterly conference call on the Company's results and performance. The Company will post their earnings release and a supplemental presentation regarding its first quarter 2025 earnings results on the Company's website at https://ir.berryglobal.com/financials. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging solutions that we believe make life better for people and
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Joint Proxy Statement Filed with U.S. Securities and Exchange Commission Amcor and Berry Global Shareholder Meetings to take place on 25 February 2025 Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY) today announce that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement ("the Joint Proxy Statement') with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place on Tuesday 25 February, 2025. This transaction brings together two highly complementary businesses to
Joint Proxy Statement Filed with U.S. Securities and Exchange Commission Amcor and Berry Global Shareholder Meetings to take place on 25 February 2025 ZURICH and EVANSVILLE, Ind. , Jan. 23, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY) today announce that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement ("the Joint Proxy Statement') with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place on Tuesday 25 February, 2025.
Strategy Update – New Berry Successful completion of the spin of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business (‘HHNF') and merger with Glatfelter Corporation in early November New Berry emerges as a global leader of consumer-focused packaging solutions with enhanced stability of earnings, free cash flow and growth Fourth Quarter Highlights GAAP: Net sales of $3.2 billion; Operating income of $269 million; Earnings per share of $1.26 Non-GAAP: Operating EBITDA of $546 million; Adjusted earnings per share of $2.27 Organic volume growth of +2% (1% including HHNF) Fiscal Year Highlights GAAP: Net sales of $12.3 billion; Operating income of
Combination of Complementary Businesses Expands Product Offering and Capabilities to Support Higher Growth for Customers Combined R&D and Innovation Investment Accelerates Development of Sustainable Packaging Solutions and Delivers Greater Choice for Customers and Consumers $650 Million Annual Earnings Synergies Benefit Over 35% Adjusted Cash EPS Accretion Companies to Host Investor Conference Call Today at 8:00am U.S. Eastern Time ZURICH and EVANSVILLE, Ind., Nov. 19, 2024 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY), today announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will c
Berry Global Group, Inc. (NYSE:BERY), announced today that it will release its fourth quarter and fiscal year 2024 results on Wednesday, November 20, 2024, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance. This call will be webcast live at the Company's website at https://ir.berryglobal.com/financials. A new, simplified event registration and access provides two ways to access the call. By Telephone Participants may register for the call here now or any time up to and during the time of the call, and will immediately receive the dial-in number and a unique pin t
Berry Global Group, Inc.'s (NYSE:BERY) board of directors yesterday declared a quarterly cash dividend of $0.31 per share, a nearly 13% increase from the previous dividend amount, bringing the new annualized dividend to $1.24 per share. The new quarterly dividend is payable on December 16, 2024, to stockholders of record as of December 2, 2024. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the stre
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