Pactiv Evergreen Inc. (NASDAQ:PTVE) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Curt Worthington - Vice President of Investor Relations and Strategy Michael King - Chief Executive Officer Jon Baksht - Chief Financial Officer Conference Call Participants Philip Ng - Jefferies Adam Samuelson - Goldman Sachs Ghansham Panjabi - Robert W. Baird Anthony Pettinari - Citi Arun Viswanathan - RBC Capital Markets Cashen Keeler - Bank of America Operator Good day, and thank you for s ...

| --- | --- | |-------------------------------------------------------------|---------------| | | | | | | | | | | 2Q 2024 Earnings Presentation Results through June 30, 2024 | July 31, 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 fu ...

Pactiv Evergreen Inc. (PTVE) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -29.17%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of 55.56%. Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par value PTVE The Nasdaq Stock Market LLC FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to __________ Commi ...

Exhibit 99.1 NEWS RELEASE Pactiv Evergreen Reports Second Quarter 2024 Financial Results Announced sale represents exit from paper mills furthering strategic transformation Second quarter impacted by end-market weakness and temporary operational disruptions at Pine Bluf mill Revising 2024 guidance Second Quarter 2024 Financial Highlights: • Net Revenues of $1,338 million for the second quarter of 2024 were down 6% compared to $1,426 million in the second quarter of 2023 and up 7% compared to $1,252 million ...

LAKE FOREST, Ill., July 31, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per share of common stock. The dividend will be paid on September 13, 2024 to shareholders of record at the close of business on August 30, 2024. About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beve ...

Announced sale represents exit from paper mills furthering strategic transformation Second quarter impacted by end-market weakness and temporary operational disruptions at Pine Bluff mill Revising 2024 guidance Second Quarter 2024 Financial Highlights: Net Revenues of $1,338 million for the second quarter of 2024 were down 6% compared to $1,426 million in the second quarter of 2023 and up 7% compared to $1,252 million in the first quarter of 2024. Net Income of $20 million for the second quarter of 2024 com ...

LAKE FOREST, Ill., July 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ:PTVE) today announced the following details for its second quarter 2024 earnings release and teleconference call. Earnings Release: Wednesday, July 31, 2024, after market close Webcast and Teleconference: Thursday, August 1, 2024, at 8:30 a.m. EDT Pactiv Evergreen Participants: Michael King, President and Chief Executive Officer Jon Baksht, Chief Financial Officer Curt Worthington, VP, Strategy & Investor Relations Participants ma ...

Pine Bluff produces liquid packaging board and cupstock used to make fresh beverage cartons, paper cups and other fiber-based food and beverage packaging. Waynesville provides incremental extrusion capacity for the board produced at Pine Bluff. Pactiv Evergreen and Suzano have also agreed to enter into a long-term supply arrangement at the closing of the Transaction pursuant to which Suzano would use Pine Bluff and Waynesville to supply liquid packaging board to Pactiv Evergreen's converting business. "The ...

This transaction reduced the interest rate margin applicable to the B-4 Term Loans by 75 basis points, from 3.25% to 2.50%, and removed the 11 basis point credit spread adjustment from the pricing structure of the B-4 Term Loans. In addition, the B-4 Term Loans were upsized, at par, by $340 million, increasing the principal balance to $1.33 billion. The proceeds of the B-4 Term Loans, together with the proceeds of a $350 million draw upon the Company's revolving credit facility, were used to prepay in full ...