Berry Global Group

Berry Global Group, Inc. engages in the provision of innovative rigid, flexible, and non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of rigid products that primarily service non-North American markets. The Consumer Packaging North America segment includes rigid products that primarily service North American markets. The Engineered Materials segment manufactures flexible products that service primarily North American and European markets. The Health, Hygiene and Specialties segment refers to non-woven and related products that service global markets. The company was founded in 1967 and is headquartered in Evansville, IN.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Berry Global Group reports Q1 growth amidst market challenges

Berry Global Group's Q1 2023 performance showcased EBITDA and EPS growth amidst revenue declines, supported by cost reduction efforts and investments in growth markets.
Strengths lie in the stability of the hygiene segment, operational efficiency improvements, and strategic investments for future growth.
Challenges include soft market demand in certain segments, necessitating ongoing cost optimization and strategic asset portfolio management.
Opportunities abound in higher-growth markets, leveraging fixed costs, and optimizing business mix for sustained growth and shareholder value maximization.

Berry Global Group reports solid Q2 results and strategic growth

Berry Global Group delivered solid financial performance, focusing on cost efficiency and high-value growth products.
Despite market challenges, the company remains committed to long-term value creation and sustainable growth strategies.
Strategic initiatives like new business wins and structural cost reductions position Berry for future success.

Berry Global Group faces inflation challenges but eyes growth opportunities

Berry Global Group's Q3 performance was impacted by inflation, but strategic investments and cost-saving measures are driving growth.
The company aims to enhance shareholder value through share repurchases, EPS growth, and focus on organic growth.
Challenges include managing inflation impact, reducing leverage, and succession planning, while opportunities lie in volume improvements and strategic investments.

Berry Global surpasses Q4 expectations, eyes sustainable growth in 2024

Berry Global's Q4 2023 earnings call highlighted exceptional financial performance, with record adjusted EPS and strong free cash flow generation. The company's strategic focus on organic growth, cost improvements, and shareholder value creation underpins its resilient position in the market.
While facing challenges like flat volumes and consumer demand pressure, Berry Global remains optimistic about its fiscal 2024 outlook. The emphasis on operational excellence, sustainability initiatives, and prudent capital allocation positions the company for sustainable growth and profitability.
By balancing organic growth strategies with potential acquisitions and focusing on market-driven opportunities, Berry Global aims to navigate challenges and capitalize on growth prospects. The proactive approach to repositioning business segments and optimizing capital allocation reflects the company's commitment to long-term value creation.

Berry Global Group reports solid Q1 results, eyes merger opportunity

Berry Global Group's Q1 performance was solid, with a focus on cost reductions and strategic initiatives for long-term growth. Despite revenue declines in certain segments, the company remains confident in its guidance and future prospects, including a potential merger opportunity with Glatfelter.

Berry Global Group reports solid Q2 performance and strategic growth plans

Berry Global Group's Q2 performance was solid, with a focus on cost savings and portfolio optimization.
The company's strengths lie in consumer alignment, strong market presence, and strategic acquisitions.
Challenges include ongoing portfolio optimization and operational enhancements globally.
Opportunities for Berry include cost savings expansion, divestitures, acquisitions, and volume growth potential.

Berry Global Group reports solid Q3 performance and eyes sustainable growth

Berry Global Group's Q3 performance reflects steady growth and financial discipline amidst market challenges.
Strategic initiatives in portfolio optimization and lean transformation are enhancing operational efficiency and competitiveness.
With a focus on innovation, sustainability, and cost management, Berry Global is poised for sustained growth and value creation.

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Berry Global Group, Inc. engages in the provision of non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of products that primarily service non-North American markets. The Engineered Materials segment involves the manufacture of flexible products that service primarily North American and European markets. The Health, Hygiene and Specialties segment refers to services to global markets. The company was founded in 1967 and is headquartered in Evansville, IN.

Berry Global Group, Inc. (NYSE:BERY ) Q1 2023 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Dustin Stilwell - Head of Investor Relations Tom Salmon - Chief Executive Officer Mark Miles - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Anthony Pettinari - Citi Kieran De Brun - Mizuho George Staphos - Bank of America Phil Ng - Jefferies Angel Castillo - Morgan Stanley Kyle White - Deutsche Bank Arun Viswanathan - RBC Capital Markets Michael Roxland - Truist Gabe Hajde - Wells Fargo Josh Spector - UBS Operator Good day and welcome to the Q1 2023 Berry Global Group Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode.

Berry Global Group, Inc. (BERY) Q1 2023 Earnings Call Transcript

Berry Global (BERY) delivered earnings and revenue surprises of 2.36% and 7.36%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Berry Global (BERY) Q1 Earnings Top Estimates

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE: BERY) (“Berry” or the “Company”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today that Thomas “Tom” E. Salmon will retire as Chief Executive Officer and Chairman of the Board effective December 31, 2023. The Board, as part of its long-standing succession planning work, has engaged Spencer Stuart, a leading executive search firm, to assist with the identification of a successor, considering both internal and external candidates.

Berry Global CEO Tom Salmon to Retire at Year-End 2023

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry's Chairman and CEO Tom Salmon said, “Our businesses delivered solid first quarter results, including 3% EBITDA growth and 11% adjusted earnings per share growth. We have made significant progress recovering inflation along with contributions from our cost reduction initiatives, and delivered strong price cost spread in the quarter. These internal actions helped to offset a 6% volume decline primarily driven by softer market demand, in line with many of our large global customers. We continued our focus on driving long-term value for our shareholders and repurchased $178 million of shares, or another 2.4% of shares outstanding, in the quarter, while also paying our first-ever quarterly dividend. We believe our shares remain undervalued and our repurchases reflect our confidence in the outlook of our business, our long-term strategy, and the strength of our operating model and cash flows.

Berry Reports First Quarter Results

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE: BERY), a leader in the design, development, and production of patient-centered healthcare solutions, will begin product production at its new manufacturing facility and healthcare center of excellence in Bangalore, India as early as April 2023. Leveraging the company's innovative research and development (R&D) solutions, this new Greenfield expansion project will:

Berry to Support Asia's Growing Healthcare Market with New Facility, Center of Excellence in Bangalore, India

EVANSVILLE, Ind.--( BUSINESS WIRE )--After winning a prestigious sustainability award at PACK EXPO International last month for this circular solution, Berry Global Group, Inc. (NYSE: BERY) is the first plastic packaging manufacturer in Europe to supply The Coca-Cola Company with a lightweight, tethered closure for its carbonated soft drinks in PET (polyethylene terephthalate) bottles. Bolstered by the European Union (EU) Single-Use Plastics Directive, Berry's new tethered closure for Coca-Cola is designed to remain intact with the bottle – making it less likely to be littered and more likely to be recycled.

Berry, Coca-Cola Collaborate to implement Tethered caps in EU markets

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE: BERY), will report its first fiscal quarter 2023 results on Thursday, February 2, 2023, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance.

Berry Global Group, Inc. to Release First Fiscal Quarter 2023 Results on February 2, 2023

Berry Global (BERY) is backed by robust growth in the Consumer Packaging North America segment and accretive acquisitions. The company's shareholder-friendly policies are encouraging.

Key Reasons to Retain Berry Global (BERY) Stock for Now

This company doesn't operate in the most exciting industry, but there's nothing boring about an inexpensive stock returning a ton of capital to shareholders.

1 Under-the-Radar Dividend Stock Poised to Provide Big Returns for Investors

Berry Global (BERY) reported earnings 30 days ago. What's next for the stock?

Why Is Berry Global (BERY) Up 15.6% Since Last Earnings Report?

EVANSVILLE, Ind.--( BUSINESS WIRE )--For the second year in a row, Berry Global Group, Inc. (NYSE: BERY) proudly accepts its top 50 ranking among America's Most Responsible Companies, presented by Newsweek and global research firm Statista, Inc. Ranking 47 out of 500 of the most responsible companies in the United States across fourteen industry subcategories, Berry is recognized for its commitment to environmental, social, and corporate governance (ESG). The ranking takes on a holistic view of corporate responsibility that considers all three pillars of ESG.

Berry Global Recognized by Newsweek as One of America's Most Responsible Companies

Berry Global (BERY) experiences raw material cost inflation coupled with supply-chain woes. High debt level and unfavorable foreign-currency movement are added concerns for the company.

Reasons Why You Should Avoid Investing in Berry Global (BERY)

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE: BERY) (“Berry” or the “Company”), a leading supplier of packaging solutions for consumer goods and industrial products, today announced the appointments of three new independent members of the Company's Board of Directors (the “Board”) and the formation of a Capital Allocation Committee. In connection with these enhancements, which align with Berry's ongoing focus on Board refreshment and maintaining strong governance, the Company also entered into a mutual cooperation agreement (the “Agreement”) with shareholders Ancora Holdings Group, LLC (“Ancora”) and Eminence Capital, L.P. (“Eminence”).

Berry Global Announces Appointment of Three New Directors and Forms Capital Allocation Committee

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE: BERY) received a “Prime” environmental, social, and governance (ESG) rating from the Institutional Shareholder Services group of companies (ISS), advancing the Company to second decile in the packaging sector. Complementing Berry's improved ESG ratings from MSCI and other top agencies, ISS' Prime rating is awarded to companies that meet specific minimum standards in successfully managing sustainability-related risks and opportunities and achieve the best ESG scores among their sector peers.

Berry Global Receives “Prime” ISS ESG Corporate Rating for Continued Focus on Embedding ESG Across the Company

Berry Global's (BERY) Q4 results benefit from lower costs. However, a decline in organic volumes, among other factors, weighs on the top line.

Berry Global (BERY) Q4 Earnings Beat, Revenues Decline Y/Y

Berry Global Group, Inc. (NYSE:BERY ) Q4 2022 Earnings Conference Call November 15, 2022 10:00 AM ET Company Participants Dustin Stilwell - Head of Investor Relations Tom Salmon - Chief Executive Officer Mark Miles - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Anthony Pettinari - Citi Phil Ng - Jefferies Kyle White - Deutsche Bank Adam Samuelson - Goldman Sachs Angel Castillo - Morgan Stanley Mike Roxland - Truist Gabe Hajde - Wells Fargo Arun Viswanathan - RBC Capital Markets Kieran de Brun - Mizuho Adam Josephson - KeyBanc Capital Markets Jeff Zekauskas - JPMorgan Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2022 Berry Global Group Earnings Conference Call.

Berry Global Group, Inc. (BERY) Q4 2022 Earnings Call Transcript

Berry Global (BERY) delivered earnings and revenue surprises of 1.86% and 7.10%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Berry Global (BERY) Q4 Earnings Surpass Estimates

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE:BERY), a leading supplier of sustainable packaging solutions for consumer goods and industrial products, today reported its fourth quarter and fiscal year 2022 results, referred to in the following as the September 2022 quarter and fiscal 2022.

Berry Global Group, Inc. Reports Fourth Quarter and Fiscal Year 2022 Results

EVANSVILLE, Ind.--( BUSINESS WIRE )--Berry Global Group, Inc. (NYSE:BERY), announced today that its Board of Directors has authorized the initiation of a quarterly cash dividend on the Company's outstanding common stock at a rate of $0.25 per share. The first dividend will be paid on December 15, 2022, to shareholders of record as of the close of business on December 1, 2022.

Berry Announces Return of Capital to Shareholders

Berry Global Wins Prestigious Sustainability Award for Circular Solution that Minimizes Plastic Waste

Berry Global Group, Inc. to Release Fourth Quarter and Fiscal Year 2022 Results on November 15, 2022

Berry Global (BERY) furthers Mars' commitment to sustainability by offering the company recyclable jars for its popular pantry-sized treats.

Berry Global (BERY) Offers Recyclable Packaging to Mars

EVANSVILLE, Ind.--(BUSINESS WIRE)-- #BerryGlobal--Berry Global and Mars, Incorporated announce the launch of recycled content packaging.

Berry Global and Mars, Incorporated Announce the Launch of Recycled Content Packaging

Berry Global is a large producer of plastic packaging solutions. The underlying cash flows remain very strong. Berry expects to generate $750M in free cash flow this year.

News for Berry Global Group Stock (BERY)