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Stock impact report

Berry Announces Second Quarter 2024 Results [Yahoo! Finance]

Berry Global Group, Inc. (BERY) 
Last berry global group, inc. earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.berryglobal.com
Company Research Source: Yahoo! Finance
Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.95 Second quarter volume and earning results in-line with expectations; Strong April volumes provides confidence for low-single digit volume growth outlook in 2H Increased cost savings program target by 18% or an additional $25 million Continued progress in portfolio optimization with two divestitures closed; proceeds could exceed $2 billion in cash from strategic divestitures over the next year ($1 billion from previously announced merger and $1 billion from future portfolio optimization opportunities) Reaffirming fiscal 2024 outlook: Adjusted EPS of $7.35 - $7.85 and free cash flow of $800 - $900 million EVANSVILLE, Ind., May 09, 2024 BUSINESS WIRE )--Kevin Kwilinski, Berry's CEO said, "Berry once again produced solid financial results, consistent with our expectations. Our teams executed well, offsetting an extended period of sluggish macroeconomic demand along with persistent inflation in our Show less Read more
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