Core Insights - Berry Global Group, Inc. reported adjusted earnings of 1.09pershareforQ1fiscal2025,exceedingtheZacksConsensusEstimateof1, with a year-over-year increase of 5% [1] - Net sales reached 2.39billion,surpassingtheconsensusestimateof2.34 billion, reflecting a 2.2% year-over-year growth driven by higher selling prices and organic volume growth of 2% [1] Segmental Discussion - The Health, Hygiene, and Specialties segment was spun off and merged with Glatfelter Corporation, leading to a focus on higher-value products in the Engineered Materials segment, now renamed Flexibles [2] - International net sales in Consumer Packaging amounted to 885million,down3.4769 million, up 10% year-over-year, driven by a 3% growth in volumes [4] - Flexibles segment net sales were 731million,increasing1.82.9 billion, while selling, general, and administrative expenses rose by 8.3% year-over-year to 223million[6]−OperatingEBITDAwasreportedat378 million, up 3.8% year-over-year, although operating income decreased by 7.9% to 152million[6]BalanceSheetandCashFlow−AttheendofQ1,cashandcashequivalentsstoodat1.2 million, down from 1.1billionattheendoffiscal2024,withtotaldebtat8.1 billion [7] - The company used net cash of 372millioninoperatingactivities,comparedto168 million in the previous year, with capital expenditure totaling 134million[8]Fiscal2025Guidance−BerryGlobalreaffirmeditsfiscal2025guidance,expectingadjustedearningsintherangeof6.10-6.60pershare[9]−Thecompanyanticipatescashflowfromoperationsbetween1.125 billion and 1.225billion,andfreecashflowintherangeof600-$700 million [10]
Berry (bry)(BRY) ZACKS·2025-02-06 17:06