Shares of Berry Global (BERY -11.78%) fell 11.8% on Wednesday after the plastic packaging solutions company announced weaker-than-expected quarterly results.A "solid" quarter for Berry Global amid macroheadwindsFor its fiscal first quarter ended Dec. 30, 2023, Berry's net sales declined 7% year over year to $2.85 billion, translating to a 6% drop in adjusted (non-GAAP) earnings to $1.22 per share. Most analysts were looking for higher earnings of $1.29 per share on revenue closer to $2.99 billion.Nonetheles ...

Berry Global Group, Inc. (NYSE:BERY) Q1 2024 Earnings Conference Call February 7, 2024 10:00 AM ET Company Participants Dustin Stilwell - Investor Relations Kevin Kwilinski - Chief Executive Officer Mark Miles - Chief Financial Officer Curt Begle - HH&S President Conference Call Participants George Staphos - Bank of America Securities Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Adam Samuelson - Goldman Sachs Matt Roberts - Raymond James Phil Ng - Jefferies Edlain Rodriguez - Mizuho Nico ...

Berry Global (BERY) reported $2.85 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 6.8%. EPS of $1.22 for the same period compares to $1.30 a year ago.The reported revenue represents a surprise of -4.49% over the Zacks Consensus Estimate of $2.99 billion. With the consensus EPS estimate being $1.29, the EPS surprise was -5.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Berry Global (BERY) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.43%. A quarter ago, it was expected that this packaging company would post earnings of $2.13 per share when it actually produced earnings of $2.28, delivering a surprise of 7.04%.Over the last four quarters, the co ...

EVANSVILLE, Ind. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE:BERY) and Glatfelter Corporation (NYSE:GLT) announced today they have entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business (“HHNF”) with Glatfelter, to create a leading, publicly-traded company in the specialty materials industry. The Boards of Directors of Berry and Glatfelter have unanimously approve ...

BERRY GLOBAL GROUP, INC. Large Accelerated Filer ☒ Accelerated Filer ☐ Non-Accelerated Filer ☐ Smaller Reporting Company ☐ Emerging Growth Company There were 115.9 million shares of common stock outstanding at February 7, 2024. 2 Berry Global Group, Inc. Consolidated Statements of Income (Unaudited) (in millions of dollars, except per share amounts) | --- | --- | --- | --- | --- | |---------------------------------------------------|-------|----------------------------------------|-------------------------- ...

Analysts on Wall Street project that Berry Global (BERY) will announce quarterly earnings of $1.29 per share in its forthcoming report, representing a decline of 0.8% year over year. Revenues are projected to reach $2.99 billion, declining 2.4% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates d ...

EVANSVILLE, Ind.--(BUSINESS WIRE)--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 March 15, 2024, to stockholders of record as of March 1, 2024. About Berry At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging and engineered products 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 de ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Berry Global (BERY) reports results for the quarter ended December 2023. 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 February 7. ...

EVANSVILLE, Ind.--(BUSINESS WIRE)--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 $500,000,000 of the Issuer’s new 5.50% First Priority Senior Secured Notes due 2028 (the “Exchange Notes”), for an equal amount of the Issuer’s outstanding unregistered 5.50% First Priority Senior Secured Notes due 2028 (the “Outstanding Notes”), in a transaction registered under the Securities ...