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Stock impact report

Pactiv Evergreen Reports First Quarter 2024 Financial Results

Pactiv Evergreen Inc. - Common stock (PTVE) 
Company Research Source: GlobeNewswire
First Quarter 2024 Financial Highlights: Net Revenues of $1,252 million for the first quarter of 2024 were down 13% compared to $1,431 million in the first quarter of 2023 and down 2% compared to $1,274 million in the fourth quarter of 2023.Net Income of $10 million for the first quarter of 2024 compared to a net loss of $133 million in the first quarter of 2023 and net income of $22 million in the fourth quarter of 2023.Adjusted EBITDA1 of $168 million for the first quarter of 2024 compared to $189 million in the first quarter of 2023 and $207 million in the fourth quarter of 2023.Diluted earnings per share of $0.04 for the first quarter of 2024 compared to diluted loss per share of $0.76 in the first quarter of 2023 and diluted earnings per share of $0.12 in the fourth quarter of 2023.Adjusted EPS1 of $0.14 for the first quarter of 2024 compared to $0.13 in the first quarter of 2023 and $0.33 in the fourth quarter of 2023. LAKE FOREST, Ill., May 02, 2024 (GLOBE NEWSWIRE) -- Pact Show less Read more
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