BERY - Earnings announcements

Second Quarter Highlights GAAP: Net sales of $2.5 billion; Operating income of $391 million; Earnings per share of $1.64 Non-GAAP: Operating EBITDA of $436 million; Adjusted earnings per share of $1.55 Second quarter volume and earning results in-line with expectations; Another quarter of volume growth +2% Kevin Kwilinski, Berry's CEO said, "Berry delivered a solid second quarter result aligned with the expectations we set. All three of our segments, once again, delivered positive volumes, driving 2% overall organic volume growth in the quarter. I am extremely proud of our teams and their focus on delivering these results while managing several strategic portfolio activities, includ

Unconditional approval satisfies final regulatory clearance; closing expected April 30, 2025 ZURICH and EVANSVILLE, Ind., April 25, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY) today announced the European Commission (EC) has granted unconditional approval under the EU Merger Regulation for the previously announced combination of the two companies, satisfying the final regulatory clearance required. In accordance with the merger agreement, this enables the companies to complete the remaining steps towards closing. The transaction is expected to close on April 30, 2025, subject to the satisfaction or waiver of certain other

Unconditional approval satisfies final regulatory clearance; closing expected April 30, 2025 Amcor plc ("Amcor") (NYSE:AMCR, ASX: AMC)) and Berry Global Group, Inc. ("Berry") (NYSE:BERY) today announced the European Commission (EC) has granted unconditional approval under the EU Merger Regulation for the previously announced combination of the two companies, satisfying the final regulatory clearance required. In accordance with the merger agreement, this enables the companies to complete the remaining steps towards closing. The transaction is expected to close on April 30, 2025, subject to the satisfaction or waiver of certain other closing conditions. Amcor plans to announce its financia

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. (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

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

Third Quarter Highlights GAAP: Net sales of $3.2 billion; Operating income of $303 million; Earnings per share of $1.65 Non-GAAP: Operating EBITDA of $546 million; Adjusted earnings per share of $2.18 (up 16% vs PY) Third quarter volume and earning results in-line with expectations; +2% organic volume growth Continued progress in portfolio optimization; HHNF spin/merger on track Fiscal 2024 outlook: Adjusted EPS of $7.60 and free cash flow of $800-$900 million Kevin Kwilinski, Berry's CEO said, "Our strong financial results in the quarter were consistent with our expectations and our teams executed very well. Notably, we achieved a 2% increase in overall organic volumes, w

Berry Global Group, Inc. (NYSE:BERY), announced today that it will release its third fiscal quarter 2024 results on Friday, August 2, 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 to access the

Second Quarter Highlights GAAP: Net sales of $3.1 billion; Operating income of $208 million; Earnings per share of $0.98 Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.95 Second quarter volume and earning results in-line with expectations; Strong April volumes provides confidence for low-single digit volume growth outlook in 2H Increased cost savings program target by 18% or an additional $25 million Continued progress in portfolio optimization with two divestitures closed; proceeds could exceed $2 billion in cash from strategic divestitures over the next year ($1 billion from previously announced merger and $1 billion from future portfolio opti

Berry Global Group, Inc. (NYSE:BERY), announced today that it will release its second fiscal quarter 2024 results on Thursday, May 9, 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 to access the

First Quarter Highlights GAAP: Net sales of $2.9 billion; Operating income of $157 million; Earnings per share of $0.50 Non-GAAP: Operating EBITDA of $431 million; Adjusted earnings per share of $1.22 Fiscal 2024 outlook: Reaffirmed adjusted EPS guidance of $7.35 - $7.85 and free cash flow of $800 - $900 million Announced plans for a tax-free spin-off and merger of the majority of our HH&S segment to include its global nonwovens and films business with Glatfelter, creating a global specialty materials leader, in a transaction expected to be valued at $3.6 billion Kevin Kwilinski, Berry's CEO said, "Berry delivered a solid first quarter result, in line with our expectations, a

Combination creates a large-scale global franchise with an industry-leading solution set serving attractive, growing specialty materials markets Establishes leading positions in the high value-added categories within the specialty materials industry, served by differentiated innovation capabilities Transaction values the combined company at $3.6 billion on an enterprise value basis, with pro forma revenue of ~$3.6 billion and Adj. EBITDA (1) of ~$455 million Berry and Glatfelter shareholders to own 90% and 10% of the combined company, respectively. Berry to receive an approximate net $1 billion cash distribution at closing Enhances earnings power with secular rebound and expected co

Berry Global Group, Inc. (NYSE:BERY), announced today that it will release its first fiscal quarter 2024 results on Wednesday, February 7, 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 to acces

Fourth Quarter Highlights GAAP: Net sales of $3.1 billion; Operating income of $301 million; Earnings per share (EPS) of $1.55 Non-GAAP: Operating EBITDA of $547 million; Adjusted EPS of $2.28 Returned $216 million to shareholders ($185 million via share repurchases and $31 million in dividends) Fiscal Year Highlights GAAP: Net sales of $12.7 billion; Operating income of $1.1 billion; EPS of $4.95 Non-GAAP: Operating EBITDA of $2.05 billion; Adjusted EPS of $7.42 Cash flow from operations of $1.6 billion; Free cash flow of $926 million Returned $728 million to shareholders ($601 million via share repurchases and $127 million in dividends) Fiscal Year 2024 Outlook

Berry Global Group, Inc. (NYSE:BERY), will report its fourth quarter and fiscal year 2023 results on Thursday, November 16, 2023, 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 to access the call. W

Third Quarter Highlights GAAP: Net sales of $3.2 billion; Operating income of $267 million; Earnings per share of $1.18 Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.90 Returned $115 million to shareholders in the quarter ($83 million via share repurchases and $32 million in dividends) Fiscal 2023 outlook: Guidance within our previous announced ranges for adjusted EPS and free cash flow Berry's Chairman and CEO Tom Salmon shared, "We continue to prioritize structural cost improvements, enhance operating efficiencies, and successfully shift our portfolio toward high-value growth products across all of our businesses. Our cost actions, including

Berry Global Group, Inc. (NYSE:BERY), will report its third fiscal quarter 2023 results on Wednesday, August 9, 2023, 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 to access the call. While you may

Second Quarter Highlights GAAP: Net sales of $3.3 billion; Operating income of $301 million; Earnings per share of $1.42 Non-GAAP: Operating EBITDA of $541 million; Adjusted earnings per share of $1.96 Returned $187 million to shareholders in the quarter ($155 million via share repurchases and $32 million in dividends) Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges Berry's Chairman and CEO Tom Salmon said, "Our business delivered solid second quarter and first half results with adjusted earnings per share growth of 4% and 7%, respectively. During the past several quarters, we have seen supply chain constraints continue to ease, prioritized structural c

Berry Global Group, Inc. (NYSE:BERY), will report its second fiscal quarter 2023 results on Thursday, May 4, 2023, 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 to access the call. While you may re

Berry Global Group, Inc. (NYSE:BERY) ("Berry" or the "Company"), a leading supplier of packaging solutions for consumer goods and industrial products, announced today that Thomas "Tom" E. Salmon will retire as Chief Executive Officer and Chairman of the Board effective December 31, 2023. The Board, as part of its long-standing succession planning work, has engaged Spencer Stuart, a leading executive search firm, to assist with the identification of a successor, considering both internal and external candidates. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230202005078/en/Tom Salmon, Chairman and CEO, Berry Global (Photo: Busine

Highlights - First Quarter 2023 Operating income of $210 million; Operating EBITDA of $443 million, up 3% on a comparable basis Earnings per share of $0.85; Adjusted earnings per share of $1.30, up 11% on a comparable basis Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges Returned $211 million to shareholders in the quarter ($178 million via share repurchases and $33 million in dividends) Reduced long-term leverage target to 2.5x – 3.5x (net debt to adjusted EBITDA) Berry's Chairman and CEO Tom Salmon said, "Our businesses delivered solid first quarter results, including 3% EBITDA growth and 11% adjusted earnings per share growth. We have made significant p

Berry Global Group, Inc. (NYSE:BERY), will report its first fiscal quarter 2023 results on Thursday, February 2, 2023, 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 to access the call. While you may re

Fourth Quarter Highlights (all comparisons made to the September 2021 quarter, adjusted for currency and divestitures) Net sales of $3.4 billion Operating income of $336 million; Operating EBITDA of $539 million, a 9% increase Earnings per share of $1.85; record adjusted earnings per share of $2.19, an 18% increase Fiscal Year Highlights (all comparisons made to fiscal year 2021, adjusted for currency and divestitures) Record net sales of $14.5 billion, a 10% increase Operating income of $1.2 billion; Operating EBITDA of $2.1 billion Record earnings per share of $5.77; record adjusted earnings per share of $7.40, a 7% increase Cash flow from operations of $1.56 billion; fr

Berry Global Group, Inc. (NYSE:BERY), will report its fourth quarter and fiscal year 2022 results on Tuesday, November 15, 2022, 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 to access the call. While

Third Fiscal Quarter Highlights (all comparisons made to the June 2021 quarter) Net sales of $3.7 billion, up 6% on comparable basis Operating income of $336 million; Operating EBITDA of $550 million, up 2% on comparable basis Earnings per share of $1.58; Adj. earnings per share of $2.03, up 10% on comparable basis $637 million of share repurchases year-to-date, an 8% reduction in total shares outstanding Fiscal 2022 adjusted earnings per share target of $7.40 and free cash flow target of $750 million Berry Global Group, Inc. (NYSE:BERY), a leading supplier of sustainable packaging solutions for consumer goods and industrial products, today reported its third fiscal quarter 202

Berry Global Group, Inc. (NYSE:BERY), will report its third fiscal quarter 2022 results on Wednesday, August 3, 2022, 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. The telephone numbers to access the conference call are (800) 715-9871 (U.S. & Canada), or (646) 307-1963 (International), and use the conference ID 1096997. A live webcast of the conference call and a supplemental presentation can be accessed through the investor relations section of the Company's internet site www.berryglobal.com. A taped replay of the call will be available beginning August 3, 2

Second Fiscal Quarter Highlights (all comparisons made to the March 2021 quarter) Net sales of $3.8 billion, a 12% increase Operating income of $341 million; Operating EBITDA of $555 million Diluted earnings per share of $1.50; Adj. diluted earnings per share of $1.93 $350 million of share repurchases in 1H fiscal ‘22; Expect further opportunistic repurchases in 2H Reaffirms fiscal 2022 adjusted earnings per share and free cash flow guidance Berry Global Group, Inc. (NYSE:BERY), a leading supplier of sustainable packaging solutions for consumer goods and industrial products, today reported its second fiscal quarter 2022 results, referred to in the following as the March 2022 qu

Berry Global Group, Inc. (NYSE:BERY), will report its second fiscal quarter 2022 results on Thursday, May 5, 2022, 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. The telephone numbers to access the conference call are (866) 244-4530 (domestic), or (209) 313-0728 (international), and use the conference ID 8094145. A live webcast of the conference call and a supplemental presentation can be accessed through the investor relations section of the Company's internet site www.berryglobal.com. A taped replay of the call will be available beginning May 5, 2022, at 1 p

First Fiscal Quarter Highlights (all comparisons made to the December 2020 quarter) Net sales of $3.6 billion, a 14% increase Operating income of $229 million; Operating EBITDA of $457 million Diluted net income per share of $0.87; Adjusted diluted net income per share of $1.25 Authorized new share repurchase plan of $1 billion; expect to repurchase at least $350 million of shares outstanding in fiscal 2022 Reaffirmed fiscal 2022 adjusted EPS guidance of $7.20 to $7.70 Expect +2% organic volume growth in fiscal 2022 Reaffirmed cash flow from operations and free cash flow guidance Berry Global Group, Inc. (NYSE:BERY), a leading supplier of sustainable packaging solutions for

Berry Global Group, Inc. (NYSE:BERY), will report its first fiscal quarter 2022 results on Thursday, February 3, 2022, 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. The telephone numbers to access the conference call are (866) 244-4530 (domestic), or (209) 313-0728 (international), and use the conference ID 9899553. A live webcast of the conference call and a supplemental presentation can be accessed through the investor relations section of the Company's internet site www.berryglobal.com. A taped replay of the call will be available beginning February 3, 202

Fourth Quarter and Fiscal Year Highlights (all comparisons made to the September 2020 quarter and fiscal year 2020) Net sales growth of 22% and 18% in the quarter and fiscal year, respectively Fiscal year organic volume growth of 4%; HHS +5%, CPNA +4%, EM +4% and CPI +3% Fiscal year net income per share (EPS) up 28% to $5.30 and adjusted EPS up 20% to $5.80 ($7.21 including amortization of intangibles from acquisitions) Cash flow from operations and free cash flow of $1.6B and $904M, respectively Fiscal 2022 expecting 2% organic volume growth and adjusted EPS of $7.20 - $7.70 (including amortization of intangibles from acquisitions) Fiscal 2022 expecting cash flow from operation

Berry Global Group, Inc. (NYSE:BERY), will report its fourth quarter and fiscal year 2021 results on Thursday, November 18, 2021, 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. The telephone numbers to access the conference call are (866) 244-4530 (domestic), or (209) 313-0728 (international), and use the conference ID 8289932. A live webcast of the conference call and a supplemental presentation can be accessed through the investor relations section of the Company's internet site www.berryglobal.com. A taped replay of the call will be available beginning Nove

Third Quarter Highlights (all comparisons made to the June 2020 quarter) Net sales of $3.7B, a 26% increase; including 5% organic volume growth Operating income of $343M; Operating EBITDA of $565M Net income per share (EPS) of $1.40; Adjusted EPS up 1% to $1.53 Increasing operating EBITDA guidance for fiscal 2021 to $2.26B Reaffirming fiscal 2021 organic volume growth of +5% Berry Global Group, Inc. (NYSE:BERY), a leading supplier of sustainable packaging solutions for consumer goods and industrial products, today reported its third fiscal quarter 2021 results, referred to in the following as the June 2021 quarter. Berry's Chairman and CEO Tom Salmon said, "The strong performan