Core Viewpoint - The market anticipates Pactiv Evergreen Inc. (PTVE) will report a year-over-year increase in earnings despite lower revenues for the quarter ending September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate for Pactiv Evergreen's upcoming earnings report is $0.33 per share, reflecting a year-over-year increase of +3.1%, while revenues are projected to be $1.34 billion, a decrease of 2.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Pactiv Evergreen is lower than the consensus estimate, resulting in an Earnings ESP of -18.18%, indicating a bearish outlook from analysts [10]. Historical Performance - In the last reported quarter, Pactiv Evergreen was expected to post earnings of $0.24 per share but only achieved $0.17, resulting in a surprise of -29.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Zacks Rank - Pactiv Evergreen currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat, especially given the negative Earnings ESP reading [11]. Conclusion - Pactiv Evergreen does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions related to the stock [16].

Company Overview - Pactiv Evergreen Inc. is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America [3] - The company produces a broad range of products that protect, package, and display food and beverages, many of which are made with recycled, recyclable, or renewable materials [3] - Pactiv Evergreen serves a diversified mix of customers, including restaurants, foodservice distributors, retailers, food and beverage producers, packers, and processors [3] Upcoming Event - Jon Baksht, Chief Financial Officer of Pactiv Evergreen, will present to investors at the Jefferies Industrials Conference on September 4, 2024, at 4:15 PM ET [1] - Investors can access a live webcast of the presentation and the presentation slides on Pactiv Evergreen's website, with a replay available for 90 days following the event [2]

Core Insights - Pactiv Evergreen Inc. has launched Recycleware® Reduced-Density Polypropylene (RDPP) meat trays as a sustainable alternative to foam polystyrene [1][2] - The new meat trays are recognized by the Association of Plastic Recyclers (APR) for meeting high recyclability standards [2][3] - The company emphasizes its commitment to sustainability and innovative packaging solutions [2][3] Company Overview - Pactiv Evergreen Inc. is a leading manufacturer and distributor of fresh foodservice and food merchandising products in North America [4] - The company produces a wide range of products that are made with recycled, recyclable, or renewable materials [4] - Pactiv Evergreen serves a diverse customer base, including restaurants, foodservice distributors, retailers, and food and beverage producers [4]

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 ...

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 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 ...

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 ...

About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The Company produces a broad range of on-trend and feature-rich products that protect, package and display food and beverages for today's consumers. Its products, many of which are made with recycled, recyclable or renewable materials, are sold to a diversified mix of customers, including restaurants, food ...