Berry (US:BERY)2022-11-17 16:00Financial Performance - In fiscal 2022, Consumer Packaging International accounted for 30% of the company's consolidated net sales[12] - Consumer Packaging North America contributed 24% to the consolidated net sales in fiscal 2022[13] - Engineered Materials segment represented 24% of consolidated net sales in fiscal 2022[14] - Health, Hygiene & Specialties accounted for 22% of the company's consolidated net sales in fiscal 2022[15] Debt and Financial Risk - As of October 1, 2022, the company had $3.4 billion in term loans and a $1,050 million revolving credit facility with no borrowings outstanding[102] - A 0.25% change in LIBOR would increase annual interest expense by $3 million on variable rate term loans[102] - A 10% decline in foreign currency exchange rates would have resulted in an $18 million unfavorable impact on fiscal 2022 net income[103] Sustainability Goals - The company targets 100% reusable, recyclable, or compostable packaging by 2025[20] - The company aims to achieve 10% recycled content by 2025 through expanded recycling operations[20] Employee Safety - The OSHA incident rate is below 1.0, significantly lower than the industry average, indicating strong employee safety measures[23]