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 |
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
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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
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.'s (NYSE:BERY) board of directors today declared a quarterly cash dividend of $0.275 per share. The payment date is September 17, 2024, to stockholders of record as of September 3, 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 strength in our diversity and industry-leading talent of over 40,000 global employees across more than 250 locations, we partner with cust
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.'s (NYSE:BERY) board of directors today declared a quarterly cash dividend of $0.275 per share. The payment date is June 17, 2024, to stockholders of record as of June 3, 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 strength in our diversity and industry-leading talent of over 40,000 global employees across more than 250 locations, we partner with customers to d
NEW YORK, April 17, 2024 /PRNewswire/ -- NewHold Enterprises, an operationally focused investment firm, is pleased to announce the sale of F&S Tool, a leading North American designer and manufacturer of precision injection molding tools, to Berry Global Group, Inc. (NYSE:BERY). F&S Tool operates a 90,000 square foot facility located in Erie, Pennsylvania, with 11 issued/pending patents and 105 employees focused on proprietary technologies to serve a large and diverse addressable market. The sale was completed on April 05, 2024. NewHold Enterprises announces the sale of F&S To
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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. ("
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
For the fourth year in a row, Berry Global Group, Inc. (NYSE:BERY) has received an upgraded environmental, social and governance (ESG) rating from international ratings agency MSCI. Berry Global now carries an "AA" rating from MSCI for managing financially relevant ESG risks and opportunities, making the company a leader in the packaging industry based on MSCI's seven-grade framework and among the top 20% of companies according to MSCI. "We are incredibly proud of our recent upgrade by MCSI to an ‘AA' rating. It's a testament to the hard work from teams across our company over several years and it reinforces that we are positively contributing to a circular, net-zero economy," said Kevin
Combination of Amcor and Berry Global Creates a Compelling Investment Opportunity, With 50%-70% in Potential Upside as Synergies are Realized and Valuation Re-Rates Ancora Holdings Group LLC (collectively with its affiliates, "Ancora") today released its positive investment thesis on Amcor plc (NYSE:AMCR, ASX: AMC)) ("Amcor") that was presented at the Bloomberg Activism Forum by James Chadwick, President of Ancora Alternatives LLC. This follows Amcor's recently announced merger with Berry Global Group, Inc. (NYSE:BERY) ("Berry"), which the companies expect to close in the middle of next year.1 The presentation can be accessed here. Key points from the presentation:2 The combined enti
Aligned with Berry's strategy to transition the portfolio toward consumer-focused end markets Berry Global Group, Inc., ("Berry") (NYSE:BERY) announced today it has entered into a definitive agreement to sell its Specialty Tapes business ("Tapes") to the private equity firm Nautic Partners, LLC ("Nautic") for a headline purchase price of approximately $540 million, which is subject to a number of closing adjustments. The Tapes business is a franchise highly valued by its industrial customers. As a result, this separation is aligned with Berry's broader strategy to transition the portfolio towards more consistent, higher growth consumer-oriented end markets and platforms. Berry plans t
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
CHARLOTTE, N.C., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT) is pleased to announce the successful completion of the merger between Berry Global Group Inc.'s (NYSE:BERY) Health, Hygiene and Specialties Global Nonwovens and Films business (the "HHNF Business") and Glatfelter, resulting in the creation of Magnera (NYSE:MAGN) (pronounced ‘Mag-nair-uh'), the largest nonwovens company in the world, with a broad platform of solutions for the specialty materials industry. Magnera will begin trading on the NYSE under the new ticker symbol "MAGN" on Tuesday, November 5, 2024. Curt Begle, CEO of Magnera stated, "We are thrilled to announce the completion of this merger and t
Berry Global Group, Inc. (NYSE:BERY) is pleased to announce the successful completion of the merger between Berry's Health, Hygiene and Specialties Global Nonwovens and Films business (the "HHNF Business") and Glatfelter Corporation, resulting in the creation of Magnera Corporation (NYSE:MAGN), the largest nonwovens company in the world, with a broad platform of solutions for the specialty materials industry. Magnera will begin trading on the NYSE under the new ticker symbol "MAGN" on Tuesday, November 5, 2024. Berry Chief Executive Officer Kevin Kwilinski said: "We are excited about the completion of this transaction. With this move to optimize our portfolio, we solidify our position as a
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
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
4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
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4 - BERRY GLOBAL GROUP, INC. (0001378992) (Issuer)
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