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

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

Earnings data Q1 2023

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

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Alexander & Baldwin

Alliance Resource Partners

Nordstrom

Blue Owl Capital

Patria Investments

Steelcase

Investors searching for the next great investment idea generally want to spread a wide net. If they're interested in dividend stocks, the price might not be as important as the payment's yield or growth.

The 7 Best Dividend Stocks Under $25 for July

LAKE FOREST, Ill., July 12, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2022 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Second Quarter 2022 Financial Results

New PlantCarton Life school program features creative ways to repurpose cartons, encourages carton recycling, and helps inspire students' appreciation for plant-based packaging. New PlantCarton Life school program features creative ways to repurpose cartons, encourages carton recycling, and helps inspire students' appreciation for plant-based packaging.

Pactiv Evergreen Launches New PlantCarton Life School Program at School Nutrition Conference

Foodservice Operators Striving for Zero Waste Solutions Will Benefit from This Guide Foodservice Operators Striving for Zero Waste Solutions Will Benefit from This Guide

Pactiv Evergreen Introduces Its ‘Zero Waste Implementation Guide' as a Resource for Foodservice Operators

Patent-pending Fry Cartons are made from Pactiv Evergreen's Sentinel™ Paperboard, providing a fully integrated packaging solution to foodservice operators Patent-pending Fry Cartons are made from Pactiv Evergreen's Sentinel™ Paperboard, providing a fully integrated packaging solution to foodservice operators

Pactiv Evergreen Introduces Tamper Evident Fry Cartons to Its Offering of Innovative Packaging Solutions

LAKE FOREST, Ill., May 31, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced that Jonathan “Jon” Baksht joined the company as Chief Financial Officer, effective May 27, 2022. Mr. Baksht serves as a member of Pactiv Evergreen's Executive Leadership Team reporting to its President and Chief Executive Officer, Michael King. Mr. Baksht joins Pactiv Evergreen after having most recently served as Executive Vice President and Chief Financial Officer of Valaris Limited (“Valaris”), the world's largest global offshore drilling contractor.

Pactiv Evergreen Names Jonathan Baksht as Chief Financial Officer

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET Company Participants Dhaval Patel - Head-Investor Relations & Strategy Michael King - Chief Executive Officer Michael Ragen - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Chris Parkinson - Mizuho Arun Viswanathan - RBC Capital Markets George Staphos - Bank of America Adam Samuelson - Goldman Sachs Bryan Burgmeier - Citi Anojja Shah - BMO Capital Markets Kyle White - Deutsche Bank Ed Brucker - Barclays Andy Scheffer - Onex Credit Partners James Finnerty - Citigroup Operator Good day, and welcome to the Pactiv Evergreen, Inc. First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q1 2022 Results - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 20% and 5.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Q1 Earnings and Revenues Beat Estimates

LAKE FOREST, Ill., April 07, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2022 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules First Quarter 2022 Financial Results

LAKE FOREST, Ill., March 29, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that its wholly-owned subsidiary, Evergreen Packaging International LLC, completed the previously announced sale of its 50 percent interest in Naturepak Beverage Packaging Co Ltd to affiliates of Elopak ASA. Naturepak Beverage Packaging Co Ltd supplies customers in the Middle East and Africa region from manufacturing plants in Morocco and Saudi Arabia. Financial terms were not disclosed.

Pactiv Evergreen Inc. Completes Divestiture of Ownership Interest in Naturepak Beverage Packaging Co Ltd Joint Venture

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q4 2021 Results - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 64.44% and 3.65%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Q4 Earnings and Revenues Surpass Estimates

Solid results as we execute our strategic priorities Solid results as we execute our strategic priorities

Pactiv Evergreen Reports Fourth Quarter 2021 Financial Results

Pactiv Evergreen will divest its carton packaging and filling machinery business in Asia to SIG Combibloc for an enterprise value of $335 million.

Pactiv Evergreen: Latest Divestment Is A Positive Step In The Strategic Turnaround

LAKE FOREST, Ill., Jan. 21, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its fourth quarter 2021 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Fourth Quarter 2021 Financial Results

Pactiv Evergreen Inc (NASDAQ: PTVE) subsidiary, Evergreen Packaging International LLC, has agreed to sell its carton packaging and filling machinery businesses in China, Korea, and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH for an enterprise value of $335 million. Pactive Evergreen noted that the transaction completion would further its strategic focus in North America.

Pactiv Evergreen To Sell Carton Packaging, Filling Machinery Businesses In China, Korea & Taiwan

LAKE FOREST, Ill., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.

Pactiv Evergreen to Sell its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q3 2021 Results - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of -45.45% and 3.64%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Q3 Earnings Miss Estimates

Transition quarter as we position ourselves for future growth Transition quarter as we position ourselves for future growth

Pactiv Evergreen Reports Third Quarter 2021 Financial Results

Pactiv Evergreen Inc's (NASDAQ: PTVE) wholly-owned subsidiary, Evergreen Packaging International LLC, has agreed to sell its 50% interest in Naturepak Beverage Packaging Co Ltd to Elopak ASA, a global supplier of carton packaging and filling equipment. The financial terms of the deal remain undisclosed.

Pactiv Evergreen To Divest 50% Interest In Naturepak Beverage JV

LAKE FOREST, Ill., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Evergreen Packaging International LLC (Evergreen Packaging), a wholly-owned subsidiary of Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that it has entered into a definitive agreement for the sale of its 50 percent interest in Naturepak Beverage Packaging Co Ltd (Naturepak Beverage) to Elopak ASA, a leading global supplier of carton packaging and filling equipment.

Evergreen Packaging International LLC, a Wholly-Owned Subsidiary of Pactiv Evergreen Inc., Reaches Agreement to Divest Ownership Interest in Beverage Packaging Co Ltd Joint Venture

LAKE FOREST, Ill., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. Fabri-Kal's products include portion cups, lids, clamshells, drink cups and yogurt containers for the consumer packaged goods and industrial food markets. Approximately half of Fabri-Kal's sales are generated from fully compostable packaging products or fully recyclable packaging products.

Pactiv Evergreen Completes Acquisition of Fabri-Kal, a Leading Manufacturer of Foodservice and Consumer Brand Packaging Solutions

Pactiv Evergreen has lowered its full-year EBITDA guidance to $550 million, mainly on the back of raw material headwinds.

Pactiv Evergreen: Disappointing Guidance Update Adds To The Uncertain Outlook

LAKE FOREST, Ill., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”), today provided an update to its previous financial guidance. Pactiv Evergreen is revising the full fiscal year 2021 Adjusted EBITDA1 guidance to $550 million.

News for Pactiv Evergreen Stock (PTVE)