FISCAL 2024 – 4TH | --- | --- | |----------------------------|-------| | | | | TUESDAY, NOVEMBER 19, 2024 | | | --- | --- | --- | |-------|--------------------------------------------------------------------------|-------| | | | | | | | | | | A leading pure-play supplier of sustainable global packaging solutions | | | | | | Safe Harbor Statements Forward-Looking Statements Statements in this presentation that are not historical, including statements relating to the expected future performance of the Company ...

Berry Global (BERY) reported $3.17 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.6%. EPS of $2.27 for the same period compares to $2.28 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +0.56%. The company delivered an EPS surprise of +0.89%, with the consensus EPS estimate being $2.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

MONSEY, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Berry Global Group, Inc. (NYSE: BERY) (“Berry”) with Amcor plc (“Amcor”) in an all-stock transaction that values Berry at approximately $73.59 per share. The implied deal price is below the price targets for Berry of at least eight Wall Street analysts, as per the list below (source: TipRanks). If you remain a Berry shareholder and have concerns about the fairness of th ...

Berry Global (BERY) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.89%. A quarter ago, it was expected that this packaging company would post earnings of $2.03 per share when it actually produced earnings of $2.18, delivering a surprise of 7.39%.Over the last four quarters, the com ...

Transaction Details - Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively [1] - The transaction values Berry's common stock at $73.59 per share and has received unanimous approval from both Amcor and Berry boards of directors [1] Strategic Benefits - The combination creates a global leader in consumer packaging solutions with a broader flexible film and converted film offering, a scaled containers and closures business, and a unique global healthcare portfolio [2] - The combined company will have unprecedented innovation capabilities and scale, enabling accelerated growth, sustainability solutions, and portfolio transformation [2] - The merger strengthens positions in high-growth, high-value categories such as Healthcare, Protein, Pet Food, Liquids, Beauty & Personal Care, and Food Service [4] - The combined company will have a combined R&D investment of $180 million per annum, ~1,500 R&D professionals, 10 innovation centers worldwide, and 7,000+ patents, registered designs, and trademarks [4] - The merger optimizes the footprint with operations in 140+ countries through ~400 production facilities, providing local expertise and global capabilities [4] Financial Benefits - The combined company will have revenues of $24 billion and adjusted EBITDA of $4.3 billion, including run-rate synergies [5] - The transaction is expected to deliver $650 million in cost, growth, and financial synergies by the end of the third year, including $530 million in annual run-rate pre-tax cost synergies and $60 million in annual run-rate financial savings [5] - The combined company expects over 35% adjusted cash EPS accretion and a double-digit return on investment [5] - The transaction is expected to enhance long-term shareholder value creation with sustained higher expected earnings growth from 10-15% to 13-18% per annum [5] Leadership and Structure - Peter Konieczny will serve as CEO, Graeme Liebelt as Chairman, and Stephen Sterrett as Deputy Chairman of the combined company [7] - The combined entity will be named Amcor plc, maintaining its primary listing on the NYSE and secondary listing on the ASX, with the global head office remaining in Zurich, Switzerland [7] - Amcor's board of directors will expand to 11 directors, with 4 nominated by Berry [8] Industry Impact - The merger combines two highly complementary businesses, creating a global leader in consumer packaging solutions with enhanced innovation and sustainability capabilities [2][4] - The combined company will offer customers a wider range of sustainable solutions, driving circularity, increasing the use of alternative materials, and lowering the carbon footprint [4] - The merger strengthens the combined company's position in high-growth markets and enhances supply chain resilience with a balanced geographic presence across continents [4]

Wall Street analysts expect Berry Global (BERY) to post quarterly earnings of $2.25 per share in its upcoming report, which indicates a year-over-year decline of 1.3%. Revenues are expected to be $3.15 billion, up 2.1% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefram ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Berry Global (BERY) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Berry Global (BERY) , which belongs to the Zacks Containers - Paper and Packaging industry.When looking at the last two reports, this packaging company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.01%, on average, in the last two quarters.For the last reported quarter, Berry Global came out with earnings ...

Investors interested in stocks from the Containers - Paper and Packaging sector have probably already heard of Berry Global (BERY) and AptarGroup (ATR) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stoc ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...