Berry Global (BERY) Q2 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]
Berry Global Group, Inc. (BERY)
Last berry global group, inc. earnings: 5/1 07:30 am
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ir.berryglobal.com
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Source: Yahoo! Finance
BERY reported second-quarter fiscal 2024 (ended March 2024) adjusted earnings of $1.95 per share, which beat the Zacks Consensus Estimate of $1.90. The bottom line decreased 0.5% year over year. Net sales of $3.07 billion missed the consensus estimate of $3.12 billion. The top line decreased 6.4% year over year due to a 2% dip in volumes and a 5% negative impact from lower resin costs. Berry Global's cost of goods sold decreased 6.5% to $2.5 billion. Selling, general and administrative expenses decreased 3.2% year over year to $213 million. The company reported an operating EBITDA of $522 million, down 4% year over year. Adjusted operating income decreased 9.7% to $308 million. Segmental Discussion Berry Global has announced its plan to go for a tax-free spin-off and merge the majority of its Health, Hygiene and Specialties segment (comprising the global nonwovens and films business) with Glatfelter Corporation GLT. With this announcement and its focus on driving a positive pr
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News
- Berry Global Group, Inc. (NYSE: BERY) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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BERY
Earnings
- 5/9/24 - Beat
BERY
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- 5/14/24 - Form 144
- BERY's page on the SEC website