Pactiv Evergreen

Pactiv Evergreen Inc. is a manufacturer and distributor of fresh foodservice and food merchandising products, and fresh beverage. The firm produce a broad range of products that protect, package and display fresh food and beverages for consumers who want to eat or drink fresh, prepared or ready-to-eat food and beverages. It operates through the following segments: foodservice, food merchandising and beverage merchandising. The company was founded on May 30, 2006 and is headquartered in Lake Forest, IL.

Earnings data Q1 2021

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Earnings data Q4 2024

Pactiv Evergreen exceeds 2022 guidance but faces challenges in Q4

Pactiv Evergreen's Q4 2022 performance exceeded full-year guidance but faced challenges from inflationary pressures and volume declines, leading to restructuring actions in 2023.
The company's strengths in strategic focus areas, ESG efforts, and commitment to shareholder value position it well for growth and sustainability goals.
Challenges include inflationary pressures, softening demand, and restructuring costs, while opportunities lie in sustainability focus, growth strategies, and operational efficiency.
Guidance for 2023 includes adjusted EBITDA expectations, capital spending, and a focus on deleveraging, showcasing the company's resilience and strategic direction.

Pactiv Evergreen beats Q1 expectations, focuses on growth strategies

Pactiv Evergreen's Q1 performance exceeded expectations, with a focus on cost efficiencies and strategic actions for future growth.
While facing challenges from restructuring charges and external factors, the company is leveraging strengths in operational improvements and debt reduction.
Opportunities lie in optimizing margins, sustaining capital needs, and market positioning amidst changing consumer behaviors.
Overall, Pactiv Evergreen is navigating challenges to drive sustainable growth and maximize shareholder value in the long term.

Pactiv Evergreen reports solid Q2 results, focuses on sustainability

Pactiv Evergreen's Q2 performance reflects a focus on operational excellence, sustainability, and debt reduction. Despite challenges in volume and promotional activity, the company is optimistic about consumer resiliency and end market improvements. Strategic initiatives aim to drive growth and achieve sustainable returns.

Pactiv Evergreen excels in Q3, eyes growth amid challenges

Pactiv Evergreen's Q3 performance showcased robust growth in EBITDA and margin, driven by a value-focused strategy and operational excellence.
While challenges like managing cash costs and sustaining margin growth exist, the company's focus on sustainability and market adaptability positions it well.
Opportunities in leveraging sector improvements, consumer behavior changes, and EBITDA optimization present avenues for future growth and cash flow generation.

Pactiv Evergreen achieves record Q4 earnings, focuses on sustainability

Pactiv Evergreen reported strong financial performance in Q4 2023, driven by operational excellence and cost-saving initiatives. The company aims to enhance margins through footprint optimization and sustain growth through strategic reviews and productivity gains. Challenges include market dynamics and weather impacts, but opportunities lie in volume growth and operational improvements.

Pactiv Evergreen reports Q1 challenges, focuses on cost management

Pactiv Evergreen's Q1 performance reflects challenges from pricing pressures and cautious consumer behavior, with a focus on cost management and volume growth strategies.
Despite short-term liquidity challenges and anticipated expenses, the company is optimistic about navigating the dynamic landscape and driving EBITDA growth through cost-saving actions.
Efforts to insulate the business from material pricing volatility, enhance operational efficiency, and leverage the distribution network position the company for long-term success and financial stability.
The company's commitment to deleveraging, increasing liquidity, and executing its transformational journey in 2024 underscore its strategic focus on sustainable growth and operational excellence.

Pactiv Evergreen reports strong Q3 earnings, eyes growth through innovation

PTVE's Q3 performance reflects solid revenues and EBITDA, with a strategic focus on core operations and cost efficiencies.
The company's emphasis on innovation, sustainability, and market positioning presents growth opportunities despite sector challenges.
Guidance for 2024 underscores PTVE's commitment to financial discipline, operational improvement, and long-term value creation.

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Pactiv Evergreen Inc. engages in the manufacture, distribution, and merchandising of fresh food and beverages services. It operates through the following segments: Foodservice, Food Merchandising, and Beverages Merchandising. The Foodservice segment manufactures ready to eat products. The Food Merchandising segment includes protecting and attractively displaying food while preserving freshness. The Beverage Merchandising segment includes production of cartons for refrigerated beverage products. The company was founded on May 30, 2006 and is headquartered in Lake Forest, IL.

Pactiv Evergreen launches innovative Recycleware® Reduced-Density Polypropylene (RDPP) meat trays, a sustainable alternative to foam polystyrene trays.

Pactiv Evergreen Launches Recycleware® Reduced-Density Polypropylene Packaging Products

PTVE recommended as a buy due to cost structure improvements and attractive FCF yield. Poor 2Q24 results led to share price decline, but the long-term outlook remains positive with potential for demand recovery. PTVE is expected to generate $250 million FCF in FY25, offering >10% FCF yield and potential for attractive upside in share price.

Pactiv Evergreen: Attractive Entry Point For Long-Term Investors

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Curt Worthington - Vice President of Investor Relations and Strategy Michael King - Chief Executive Officer Jon Baksht - Chief Financial Officer Conference Call Participants Philip Ng - Jefferies Adam Samuelson - Goldman Sachs Ghansham Panjabi - Robert W. Baird Anthony Pettinari - Citi Arun Viswanathan - RBC Capital Markets Cashen Keeler - Bank of America Operator Good day, and thank you for standing by.

Pactiv Evergreen Inc. (PTVE) Q2 2024 Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.20 per share a year ago.

Pactiv Evergreen Inc. (PTVE) Lags Q2 Earnings Estimates

Announced sale represents exit from paper mills furthering strategic transformation Second quarter impacted by end-market weakness and temporary operational disruptions at Pine Bluff mill Revising 2024 guidance Second Quarter 2024 Financial Highlights: Net Revenues of $1,338 million for the second quarter of 2024 were down 6% compared to $1,426 million in the second quarter of 2023 and up 7% compared to $1,252 million in the first quarter of 2024. Net Income of $20 million for the second quarter of 2024 compared to a net loss of $139 million in the second quarter of 2023 and net income of $10 million in the first quarter of 2024.

Pactiv Evergreen Reports Second Quarter 2024 Financial Results

LAKE FOREST, Ill., July 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2024 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Second Quarter 2024 Financial Results

Suzano S.A. - ADR

SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, has announced the acquisition of industrial assets from Pactiv Evergreen in the United States. This will expand the company's operations in North America and marks its entrance into the consumer and food service packaging segments in the region. The transaction is valued at US$110 million and includes two mills in Pine Bluff, Arkansas, and Waynesville, North Carolina, that manufacture liquid packaging board and cupstock. Sub.

Suzano Agrees US$110 Million Purchase of Two US Industrial Facilities from Pactiv Evergreen

LAKE FOREST, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that it has signed a definitive agreement (the “Agreement”) to sell its Pine Bluff, Arkansas, paper mill (“Pine Bluff”) and Waynesville, North Carolina, extrusion facility (“Waynesville”), to global paper and pulp producer Suzano S.A.

Pactiv Evergreen Inc. Announces Definitive Agreement to Sell Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano SA

PTVE has been undergoing heavy restructuring and has experienced a decline in net revenue and net income in 2023, but has maintained strong adjusted EBITDA and free cash flow throughout. The firm has announced a new restructuring plan, illustrating its commitment to restructuring efforts that are expected to further enhance efficiencies and generate cost savings. Additionally, it has been actively cutting down on its debt, reducing its net leverage ratio from 7.63x to 4.07x. It has targeted to achieve a low 3s in 2024.

Pactiv Evergreen: Heavy Restructuring Set To Drive Margin Growth

LAKE FOREST, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that the Company successfully completed the repricing and upsizing of its $990 million senior secured Term Loan B due September 24, 2028 (the “B-4 Term Loans”) and the subsequent prepayment of its $690 million senior secured Term Loan B due February 4, 2026 (the “B-2 Term Loans”).

Pactiv Evergreen Inc. Successfully Reprices and Upsizes Term Loan

Recently, Zacks.com users have been paying close attention to Pactiv Evergreen (PTVE). This makes it worthwhile to examine what the stock has in store.

Pactiv Evergreen Inc. (PTVE) is Attracting Investor Attention: Here is What You Should Know

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Curt Worthington - Vice President, Investor Relations & Strategy Michael King - Chief Executive Officer Jon Baksht - Chief Financial Officer Conference Call Participants Bryan Burgmeier - Citigroup Ghansham Panjabi - Baird Philip Ng - Jefferies Arun Viswanathan - RBC Capital Markets Adam Samuelson - Goldman Sachs George Staphos - Bank of America Operator Good day, and thank you for standing by. Welcome to the Pactiv Evergreen First Quarter 2024 Earnings Conference Call.

Pactiv Evergreen Inc. (PTVE) Q1 2024 Earnings Call Transcript

Mister Car Wash

Investors with an interest in Consumer Services - Miscellaneous stocks have likely encountered both Pactiv Evergreen Inc. (PTVE) and Mister Car Wash (MCW). But which of these two stocks presents investors with the better value opportunity right now?

PTVE vs. MCW: Which Stock Is the Better Value Option?

Pactiv Evergreen Inc. (PTVE) closed the most recent trading day at $15.25, moving +1.67% from the previous trading session.

Pactiv Evergreen Inc. (PTVE) Exceeds Market Returns: Some Facts to Consider

Criteo

Pilgrim's Pride

Investors target stocks that have been on a bullish run lately. Stocks like PTVE, PPC and CRTO that are seeing price strength have a high chance of carrying the momentum forward.

3 Stocks Trading Near 52-Week High That Can Climb Further

Zacks.com users have recently been watching Pactiv Evergreen (PTVE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Pactiv Evergreen Inc. (PTVE) Is a Trending Stock: Facts to Know Before Betting on It

The latest trading day saw Pactiv Evergreen Inc. (PTVE) settling at $14.14, representing a -0.7% change from its previous close.

Pactiv Evergreen Inc. (PTVE) Registers a Bigger Fall Than the Market: Important Facts to Note

LAKE FOREST, Ill., April 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2024 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules First Quarter 2024 Financial Results

Here is how Pactiv Evergreen Inc. (PTVE) and QuantaSing Group Limited Unsponsored ADR (QSG) have performed compared to their sector so far this year.

Is Pactiv Evergreen (PTVE) Stock Outpacing Its Consumer Discretionary Peers This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Pactiv Evergreen (PTVE) Right Now?

Investors interested in stocks from the Consumer Services - Miscellaneous sector have probably already heard of Pactiv Evergreen Inc. (PTVE) and Mister Car Wash (MCW). But which of these two companies is the best option for those looking for undervalued stocks?

PTVE or MCW: Which Is the Better Value Stock Right Now?

In the most recent trading session, Pactiv Evergreen Inc. (PTVE) closed at $15.05, indicating a +1.07% shift from the previous trading day.

Pactiv Evergreen Inc. (PTVE) Increases Despite Market Slip: Here's What You Need to Know

Is Pactiv Evergreen (PTVE) Stock Undervalued Right Now?

I upgrade my rating for Pactiv Evergreen stock from neutral to buy due to early signs of demand recovery and successful cost reduction efforts. PTVE's 4Q23 revenue fell, but EBITDA improved, indicating margin expansion. The stock price dropped due to a weak FY24 EBITDA guide. Risks include potential missteps in the restructuring program.

Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends

The AZEK Company

Sterling Construction

STRL, AZEK and PTVE made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 14, 2024.

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