Berry Global (BERY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 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.The earnings report, which is expected to be released on May 9, 2024, might help the stock move higher if these key numbers are better than expecta ...

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 comple ...

~ 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 Globa ...

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global, a leader in the design and manufacture of innovative, sustainable packaging solutions recently opened the doors to its “Circular Innovation and Training Center” in Tulsa, Oklahoma. The new 12,000 square foot center will accelerate the development of highly innovative products driven by superior materials science and engineering, foster a collaborative space for training, and incubate cutting-edge stretch film projects that help keep materials in use and out o ...

champpixs Introduction US packaging products maker Berry Global Group (NYSE:BERY) is the second largest position in my stock portfolio at the moment and February 7 was an eventful day for investors. Besides releasing its Q1 FY24 financial results, the company revealed that the spin-off and merger of the majority of its Health, Hygiene and Specialties segment in a transaction that values this business at $2.6 billion. Under the deal, Berry Global will receive $1 billion in cash and its global nonwovens a ...

Berry Global Group, Inc. (BERY) reported first-quarter fiscal 2024 (ended December 2023) adjusted earnings of $1.22 per share, which missed the Zacks Consensus Estimate of $1.29. The bottom line decreased 6% year over year.Net sales of $2.85 billion missed the Zacks Consensus Estimate of $2.99 billion. The top line decreased 7% year over year due to a 3% dip in volumes and lower selling prices, which declined $189 million due to the pass-through of lower resin costs. Reduced demand in the consumer and indus ...

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 ...