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 ...

Berry Global Group, Inc. (BERY) is struggling with a low demand environment, customer destocking and ongoing inflationary pressure, which are likely to impede the company’s earnings in the quarters ahead.Let’s discuss the factors that are likely to continue taking a toll on this current Zacks Rank #4 (Sell) company.Segment Weakness: Berry Global’s Consumer Packaging International segment has been experiencing weakness due to the softer consumer and industrial market. Lower selling prices due to the pass-thr ...

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its first fiscal quarter 2024 results on Wednesday, February 7, 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 provi ...

Fiscal 2023 – 4th Quarter & Fiscal Year Results Earnings Conference Call Supplement Thursday, November 16, 2023 @ 10AM ET Kevin Kwilinski CEO Mark Miles CFO Safe Harbor Statements and Important Information Forward-Looking Statements Statements in this presentation that are not historical, including statements relating to the expected future performance of the Company, are considered "forward looking" within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions o ...

Financial Data and Key Metrics Changes - Berry Global reported a record for adjusted earnings per share and exceeded free cash flow guidance by over $100 million, finishing at $926 million for fiscal 2023, which is a 6% increase compared to the prior fiscal year [34][61][92] - Adjusted earnings per share increased by 1% year-over-year, while operating EBITDA remained essentially flat [38][62] - The company returned $728 million to shareholders through share repurchases and dividends, reducing total shares outstanding by more than 22 million shares, or 17% [39][45] Business Line Data and Key Metrics Changes - Revenue in the Consumer Packaging International division decreased by 6% due to softer consumer and industrial market demand, partially offset by an improved product mix [40] - The Consumer Packaging North American division saw a 13% decline in revenue, primarily from lower selling prices due to resin cost pass-through and softer demand [41] - Revenue in the Engineered Materials division fell by 16%, driven by lower selling prices and volume softness, although growth was noted in consumer and custom film markets [42] - The Health, Hygiene & Specialties division experienced a 17% revenue decline, mainly due to reduced selling prices and softer demand in several specialty markets, despite improved demand in wipes and adult incontinence [43] Market Data and Key Metrics Changes - The foodservice segment grew slightly below double digits in Q4 but is expected to continue growing in fiscal 2024 as the company adds capacity to meet demand [19] - The company anticipates continued growth in emerging markets, supporting its commitment to global growth and innovation [36] Company Strategy and Development Direction - The company is evaluating strategic alternatives for its Health, Hygiene & Specialties segment to enhance long-term shareholder value [35] - Berry aims to increase its consumer-facing product mix from 70% to over 80% in the long term, focusing on high-margin, significant scale growth [8][36] - The company is committed to sustainability and innovation, leveraging its design capabilities to meet customer needs and expectations [37][58] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about fiscal 2024, expecting positive impacts from easing inflation and a return to more normalized customer promotional activity [71] - The company plans to prioritize debt repayment and share repurchases, reflecting confidence in its business outlook and long-term strategy [47][96] Other Important Information - Berry has reduced net debt by over $3 billion since mid-2019 and anticipates a balanced capital allocation strategy for fiscal 2024 [45][62] - The company expects free cash flow in the range of $800 million to $900 million for fiscal 2024 [47] Q&A Session Summary Question: What are the strategic alternatives being considered for the HHS segment? - Management is conducting a thorough evaluation process but cannot provide specific details at this time [4][88] Question: How is the Engineered Materials business evolving? - The company is focusing on increasing consumer-facing products and improving the product mix to drive growth [7][8] Question: What is the outlook for foodservice growth? - The foodservice segment is expected to continue growing, with strong performance anticipated in fiscal 2024 [19] Question: How does the company plan to manage capital allocation in 2024? - The company plans to balance debt repayment, share repurchases, and dividends, with a focus on maintaining financial health [9][92] Question: What are the productivity goals moving forward? - The company aims for a 2% to 3% productivity improvement annually, which will be additive to existing capital initiatives [83][96]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from __________ to __________ A Delaware corporation 101 Oakley Street, Evansville, Indiana, 47710 (812) 424-2904 IRS employer identification number 20-5234618 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share BERY New York Stock Exchange LLC Indicate by ...

Fiscal 2023 – 3rd Quarter Results Earnings Conference Call Supplement Wednesday, August 9, 2023 @ 10AM ET Tom Salmon Chairman and CEO CFO Mark Miles Safe Harbor Statements and Important Information Forward-Looking Statements Statements in this presentation that are not historical, including statements relating to the expected future performance of the Company, are considered "forward looking" within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the Pr ...