Pactiv(PTVE)

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Pactiv Evergreen Inc. Announces Receipt of All Required Regulatory Approvals for Planned Acquisition by Novolex
GlobeNewswire· 2025-03-28 20:05
Core Viewpoint - Pactiv Evergreen Inc. has received all necessary regulatory approvals for its acquisition by Novolex at a price of $18.00 per share in cash, with the transaction expected to close on April 1, 2025 [1][2]. Company Overview - Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandising products, as well as fresh beverage cartons in North America [3]. - The company offers a wide range of products designed to protect, package, and display food and beverages, many of which are made from recycled, recyclable, or renewable materials [3]. - Pactiv Evergreen serves a diverse customer base, including restaurants, foodservice distributors, retailers, and food and beverage producers [3]. Transaction Details - Following the completion of the acquisition, Pactiv Evergreen will become a privately held company, and its common stock will be delisted from Nasdaq [2]. - Goldman Sachs & Co. LLC and Lazard Frères & Co. LLC are serving as financial advisors, while Paul Hastings LLP is the legal advisor for Pactiv Evergreen [2].
Pactiv(PTVE) - 2024 Q4 - Annual Report
2025-02-25 13:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 001-39528 PACTIV EVERGREEN INC. (Exact name of Registrant as specified in its Charter) Delaware 88-0927268 (State o ...
Pactiv Evergreen Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition by Novolex
GlobeNewswire· 2025-01-21 14:00
Core Points - Pactiv Evergreen Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to its acquisition by Novolex for $18.00 per share in cash [1][2] - The transaction is expected to close in the second quarter of 2025, pending foreign antitrust approvals and other customary closing conditions [2] - Upon completion, Pactiv Evergreen will become a privately held company, and its common stock will no longer be listed on Nasdaq [2] Company Overview - Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandising products, as well as fresh beverage cartons in North America [3] - The company produces a wide range of products designed to protect, package, and display food and beverages, many of which are made from recycled, recyclable, or renewable materials [3] - Its products are sold to a diverse customer base, including restaurants, foodservice distributors, retailers, and food and beverage producers [3]
Pactiv Evergreen Earns FSC®-Recycled Certification for Molded Fiber Egg Packaging
GlobeNewswire· 2025-01-16 21:05
Core Points - Pactiv Evergreen's molded fiber egg cartons and filler flats have received certification from the Forest Stewardship Council (FSC) for being made from 100 percent recycled materials, aligning with the company's commitment to sustainability [1][2][4] - The certification applies to products manufactured at facilities located in Macon, Georgia; City of Industry, California; Moorhead, Minnesota; and Chihuahua, Mexico [2] - The company will showcase its FSC-Recycled labeled molded fiber egg packaging at the International Production & Processing Expo (IPPE) in Atlanta, Georgia, from January 28-30, 2025 [3] - Pactiv Evergreen emphasizes transparency and third-party verification in its sustainability claims, reinforcing trust in its environmentally responsible products [4] Company Overview - Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandising products in North America, producing a wide range of products that protect, package, and display food and beverages [4]
Should You Buy Pactiv Evergreen Inc. (PTVE) After Golden Cross?
ZACKS· 2024-12-12 15:55
Core Insights - Pactiv Evergreen Inc. (PTVE) is showing potential as a technical investment due to a recent "golden cross" formation, where the 50-day simple moving average has crossed above the 200-day simple moving average, indicating a possible bullish breakout [1][2] - The stock has experienced a significant increase of 41.9% over the past four weeks, suggesting strong upward momentum [1] - PTVE holds a 3 (Hold) rating on the Zacks Rank, indicating that it may be positioned for further gains [1] Technical Analysis - A golden cross is characterized by a short-term moving average crossing above a long-term moving average, typically involving the 50-day and 200-day averages, which are considered to form stronger breakouts [1] - The successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [1] - The golden cross is contrasted with a death cross, which signals potential bearish price movement [1] Earnings Outlook - PTVE's earnings outlook for the current quarter appears positive, with no downward revisions in earnings estimates over the past two months and one upward revision, leading to an increase in the Zacks Consensus Estimate [2] - The combination of positive earnings revisions and favorable technical indicators suggests that investors may want to monitor PTVE for potential gains in the near future [2]
PTVE or ATR: Which Is the Better Value Stock Right Now?
ZACKS· 2024-11-14 17:41
Investors looking for stocks in the Containers - Paper and Packaging sector might want to consider either Pactiv Evergreen Inc. (PTVE) or AptarGroup (ATR) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. 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 produces the best returns. The Zacks Rank favors ...
Pactiv(PTVE) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:10
Financial Data and Key Metrics Changes - The company reported its third quarter 2024 earnings, with specific financial metrics discussed during the call [3][4]. Business Line Data and Key Metrics Changes - Detailed performance across various business lines was expected to be covered in the supplemental earnings presentation [3]. Market Data and Key Metrics Changes - Insights into market performance and metrics were anticipated to be included in the management's remarks [3]. Company Strategy and Development Direction and Industry Competition - The management emphasized the importance of strategic initiatives and competitive positioning within the industry [3]. Management's Comments on Operating Environment and Future Outlook - Management provided forward-looking statements regarding guidance for 2024, highlighting potential risks and uncertainties that could impact actual results [4]. Other Important Information - The company reminded participants of the risks associated with forward-looking statements and referenced recent SEC filings for more detailed information [4]. Q&A Session All Questions and Answers - The Q&A session was expected to address various inquiries from analysts regarding the company's performance and outlook, but specific questions and answers were not provided in the available content [3].
Pactiv(PTVE) - 2024 Q3 - Earnings Call Presentation
2024-11-12 16:33
pactiv ື evergreen" 3Q 2024 Earnings Presentation Results through September 30, 2024 November 12, 2024 Important Information Forward-Looking Statements and Other Information This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical fact are forward-looking statements, including but not limited to statements regarding our guidance as to our future financial and operational results. In some cases, you can identify forward-looking s ...
Pactiv Evergreen Inc. (PTVE) Q3 Earnings Surpass Estimates
ZACKS· 2024-11-12 13:16
Group 1: Earnings Performance - Pactiv Evergreen Inc. reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and up from $0.32 per share a year ago, representing an earnings surprise of 9.09% [1] - The company posted revenues of $1.33 billion for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 0.43%, and compared to year-ago revenues of $1.38 billion [2] - Over the last four quarters, Pactiv Evergreen has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Pactiv Evergreen shares have declined approximately 12.5% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.36 on revenues of $1.23 billion, and for the current fiscal year, it is $1.06 on revenues of $5.16 billion [7] Group 3: Industry Context - The Containers - Paper and Packaging industry, to which Pactiv Evergreen belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for Pactiv Evergreen is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]
Pactiv(PTVE) - 2024 Q3 - Quarterly Report
2024-11-12 11:21
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 ☐ 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: 001-39528 PACTIV EVERGREEN INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 88-0927268 (State or Oth ...