Berry Global Group, Inc. Reports Strong Second Quarter 2020 Results; Net Sales up 53 percent; 2 Percent Organic Volume Growth
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: Business Wire
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE:BERY) today reported its second quarter 2020 results, referred to in the following as the March 2020 quarter.Second Quarter Highlights(all comparisons made to the March 2019 quarter)Net sales up 53 percent to $3.0 billionOperating income up 54 percent to $284 millionOperating EBITDA up 52 percent to $539 millionNet income per diluted share increase of 71 percent to $0.94Adjusted net income per diluted share increase of 42 percent to $1.19RPC Group Plc (“RPC”) integration progressing on plan; synergy target remains on trackReaffirmed fiscal year 2020 cash flow from operations and free cash flow guidance of $1.4 billion and $800 million, respectivelyBerry’s Chairman and CEO, Tom Salmon said, “While there are unprecedented uncertainties impacting the global economy right now, we are fortunate to have an extremely diverse portfolio of products, both geographically and by end market, which will further demonstrate our pr
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