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Have you evaluated the performance of Berry Global's (BERY) international operations during the quarter that concluded in June 2024? Considering the extensive worldwide presence of this packaging company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth. The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. I ...

Financial Performance - Net sales for the quarter ended June 29, 2024, were $3.161 billion, a decrease of 2% compared to the prior quarter's $3.229 billion, primarily due to decreased selling prices [50]. - Operating income for the quarter increased by 13% to $303 million, driven by a favorable impact from volume increases and a decline in business integration expenses [51]. - The Consumer Packaging North America segment reported net sales of $831 million, a 4% increase from the prior quarter, attributed to 2% organic volume growth and improved product mix [56]. - The Health, Hygiene & Specialties segment experienced a 2% decline in net sales to $647 million, primarily due to decreased selling prices, although operating income increased by 55% to $34 million [58]. - The Flexibles segment's net sales decreased by 2% to $724 million, with operating income slightly declining by 1% to $87 million [59]. - Year-to-date net sales were $9.090 billion, a 5% decrease from the prior year, primarily due to lower selling prices and a 1% volume decline [63]. - The Consumer Packaging International segment's year-to-date net sales declined by 6% to $2.844 billion, impacted by decreased selling prices and divestitures [65]. - The Health, Hygiene & Specialties segment's year-to-date net sales decreased by 5% to $1.896 billion, with operating income down 28% to $64 million due to price cost spread impacts [71]. - Net sales for the year-to-date (YTD) decreased to $2,069 million, a decline of 7% compared to $2,214 million in the prior YTD, primarily due to a $118 million decrease in selling prices and a 2% volume decline [72]. - Operating income increased slightly to $248 million, up 1% from $246 million, driven by a $13 million favorable impact from price cost spread, partially offset by a $9 million increase in depreciation and amortization [72]. - Comprehensive income declined by $337 million from the prior YTD, mainly due to a $218 million unfavorable change in currency translation and a $64 million unfavorable change in the fair value of derivative instruments [73]. Cash Flow and Liquidity - For fiscal 2024, the company projects cash flow from operations of $1.4 billion and free cash flow of $800 million, assuming $600 million of capital spending [48]. - Net cash from operating activities decreased by $193 million from the prior YTD, primarily due to higher working capital needs [75]. - Free cash flow for the YTD was $(176) million, compared to $(70) million in the prior YTD, indicating a decline in cash generation capabilities [77]. - The company had a cash balance of $509 million as of June 29, 2024, primarily located outside the U.S., and plans to refinance long-term debt obligations prior to maturity [78]. - The company repurchased approximately 2.0 million shares for $117 million in the YTD, with $324 million remaining available for share repurchases [77]. - The company’s senior secured credit facilities include $2.0 billion in term loans and a $1.0 billion revolving credit facility, with no borrowings outstanding as of the period end [84]. Foreign Exchange and Compliance - A 10% decline in foreign currency exchange rates would have resulted in a $9 million unfavorable impact on net income for the three quarterly periods ended June 29, 2024 [85]. - The company was in compliance with all covenants related to its $1,000 million asset-based revolving line of credit as of the end of the quarter [74]. Supply Chain Management - The company continues to manage supply chain disruptions and raw material price changes through close collaboration with suppliers and customers [47].

Berry Global Group, Inc. (NYSE:BERY) Q3 2024 Results Conference Call August 2, 2024 10:00 AM ET Company Participants Dustin Stilwell - Investor Relations Kevin Kwilinski - Chief Executive Officer Mark Miles - Chief Financial Officer Conference Call Participants Sahas Apte - UBS Philip Ng - Jefferies George Staphos - Bank of America Securities Mike Roxland - Truth Securities Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Adam Samuelson - Goldman Sachs Matt Roberts - Raymond James Christopher ...

For the quarter ended June 2024, Berry Global (BERY) reported revenue of $3.16 billion, down 2.1% over the same period last year. EPS came in at $2.18, compared to $1.90 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.21 billion, representing a surprise of -1.44%. The company delivered an EPS surprise of +7.39%, with the consensus EPS estimate being $2.03. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Berry Global (BERY) came out with quarterly earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.39%. A quarter ago, it was expected that this packaging company would post earnings of $1.90 per share when it actually produced earnings of $1.95, delivering a surprise of 2.63%. Over the last four quarters, the c ...

Both Berry Global and Amcor have a Zacks Rank of # 2 (Buy) right now. Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. But this is only part of the picture for value investors. 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 ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zac ...

Berry Global (BERY) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change a ...

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company's high-quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life®. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Cha ...