DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtend ...

Berry Global Group, Inc. (BERY) recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic Partners, LLC (Nautic) for about $540 million.Based in Rhode Island, Nautic is a middle-market private equity firm that specializes in sub-verticals within three key sectors, Healthcare, Industrials and Services. The company partners with executives to drive growth through acquisitions, initiatives and team expansion.The divestment of the Tapes business will help Berry Gl ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Berry Corporation (NASDAQ: BRY ) has entered into an agreement for a new term loan that will address its near-term debt maturity issues and potentially push its next debt maturity out to 2029 (with extensions).Aaron ...

Berry Global Group, Inc. (BERY) recently entered into an agreement to be acquired by Amcor plc (AMCR) . The financial terms of the transaction were kept under wraps.BERY’s shares jumped 4.3% yesterday to eventually close the trading session at $69.Based in Zurich, Switzerland, Amcor is a global leader in developing and producing packaging for food, beverage, pharmaceutical, medical, home and personal care. Through its broad range of packaging products, which include flexible and rigid packaging, specialty c ...

Berry Global Group, Inc. (BERY) reported fourth-quarter fiscal 2024 (ended September 2024) adjusted earnings of $2.27 per share, which beat the Zacks Consensus Estimate of $2.25. The bottom line decreased 0.9% year over year.Net sales of $3.16 billion beat the consensus estimate of $3.15 billion. The top line increased 3% year over year, primarily driven by higher selling prices and organic volume growth of 1%.BERY’s Segmental DiscussionBerry Global announced its plan to go for a tax-free spin-off and merge ...

NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Berry Global Group, Inc. (NYSE: BERY) and its board of directors concerning the proposed acquisition of the company by Amcor plc (NYSE: AMCR). Stockholders will receive 7.25 shares of Amcor common stock for each share of Berry Global Group stock that they hold. The transaction is expected to close in mid-2025.If you are a stockholder of Berry Global Group, Inc. and are interested in obtaining addi ...

Core Viewpoint - Bri-Chem Corp. reported a significant decline in financial performance for Q3 2024, primarily due to decreased US drilling activities and a lower average rig count, leading to reduced sales and earnings across its divisions [1][3][9]. Financial Performance - Consolidated sales for Q3 2024 were $21.975 million, an 18% decrease from $26.83 million in Q3 2023, attributed to lower US drilling activity [2][5]. - Adjusted EBITDA for Q3 2024 was $587 thousand, down 44% from $1.051 million in the same period last year, with EBITDA as a percentage of revenue decreasing from 4% to 3% [2][8]. - Operating earnings for Q3 2024 were $234 thousand, a decrease of 80% from $1.185 million in Q3 2023 [2][4]. - The adjusted net loss per diluted share for Q3 2024 was $0.02, compared to a loss of $0.01 per diluted share in the same period last year [2][4]. Segment Performance - The Canadian drilling fluids distribution division generated sales of $3.8 million in Q3 2024, slightly down from $3.9 million in Q3 2023, reflecting a slowdown in select commodity items [6]. - The US drilling fluids distribution division saw sales drop to $11.7 million in Q3 2024 from $15.5 million in Q3 2023, a decrease of 24%, due to a decline in the US rig count [6]. - The Canadian blending and packaging division reported an increase in sales to $4.6 million in Q3 2024 from $3.9 million in Q3 2023, driven by higher cementing and stimulation activities [7]. Financial Position - As of September 30, 2024, working capital was $13.74 million, down 14% from $16 million a year earlier, primarily due to an increase in accounts payable [5]. - Total assets decreased to $57.1 million from $70.5 million, a decline of 19% year-over-year [2]. Industry Outlook - The oil and gas industry faces challenges such as volatile commodity prices and restrained growth in US drilling activity, with major companies focusing on returning cash to shareholders rather than increasing production [9]. - There is optimism for fiscal 2025, contingent on stabilized commodity prices and favorable drilling policies following recent US election results [9].

Berry Corporation (NASDAQ:BRY) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Todd Crabtree - Investor Relations Fernando Araujo - Chief Executive Officer & Director Danielle Hunter - President Michael Helm - VP, Chief Financial Officer & Chief Accounting Officer Conference Call Participants Charles Meade - Johnson Rice Michael Schwartz - Jefferies Jay Spencer - Stifel Nicolaus Operator Welcome to the Berry Corporation Q3 2024 Earnings Call. At this time, all speakers are ...

FOCUSED A Western US Energy Company 2024 Q3 Earnings November 7, 2024 - Investor Presentation Scan with phone camera to browse to IR Reports Page bry.com ir@bry.com 661-616-3811 1 Disclaimer The information in this document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this document that address plans, activities, events, objecti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______________ to _______________ Commission file number 001-38606 Berry Corporation (bry) (Exact name of registrant as specified in its charter) Delaware (State of ...