Core Viewpoint - Berry Global reported strong first-quarter fiscal 2025 earnings, exceeding estimates, with adjusted earnings of 1.09pershareandnetsalesof2.39 billion, reflecting a year-over-year increase in both metrics [2][11]. Financial Performance - Adjusted earnings per share increased by 5% year over year, surpassing the Zacks Consensus Estimate of 1[2].−Netsalesreached2.39 billion, exceeding the consensus estimate of 2.34billion,withayear−over−yearincreaseof2.2378 million, while operating income decreased by 7.9% to 152million[7].SegmentAnalysis−ConsumerPackaging−Internationalnetsaleswere885 million, down 3.4% year over year, with operating income decreasing by 3.4% to 28million[4].−ConsumerPackaging−NorthAmericareportednetsalesof769 million, up 10% year over year, with operating income slightly decreasing by 1.7% to 59million[5].−TheFlexiblessegmentgeneratednetsalesof731 million, a 1.8% year-over-year increase, with operating income down 14.5% to 65million[6].CostandCashFlow−Costofgoodssoldincreasedby1.42.9 billion, while selling, general, and administrative expenses rose by 8.3% year over year to 223million[7].−Thecompanyreportedafreecashoutflowof488 million in the first three months of fiscal 2025, compared to 336millionintheprior−yearperiod[9].BalanceSheet−Attheendofthefirstquarter,cashandcashequivalentsstoodat1.2 million, down from 1.1billionattheendoffiscal2024,whiletotaldebtdecreasedto8.1 billion from 8.3billion[8].FiscalGuidance−BerryGlobalreaffirmeditsfiscal2025guidance,expectingadjustedearningsbetween6.10 and 6.60pershareandcashflowfromoperationsintherangeof1.125 to $1.225 billion [11]. Market Sentiment - Recent estimates have shown a downward trend, with the consensus estimate shifting down by 8.4% [12]. - Berry Global holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [14].
Berry (BERY) ZACKS·2025-03-06 17:36