Pactiv(PTVE) - 2024 Q2 - Quarterly Results

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 ...