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04.02.25 - 15:18
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Berry Announces First Quarter 2025 Results (Business Wire)
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Strategy Update
Successful completion of the spin of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business ('HHNF') and merger with Glatfelter Corporation in November
Entered into a definitive merger agreement with Amcor, to combine, in an all-stock transaction and expected to be completed in the middle of calendar 2025
Announcement of the sale of our Tapes business; Closed in early February 2025
First Quarter Highlights
GAAP: Net sales of $2.4 billion; Operating income of $152 million; Earnings per share of $0.69
Non-GAAP: Operating EBITDA of $378 million; Adjusted earnings per share of $1.09
Organic volume growth of +2%
Operating EBITDA growth of +4% and Adjusted EPS growth of +5%
Reaffirmed fiscal year 2025 guidance
EVANSVILLE, Ind.--(BUSINESS WIRE)--Kevin Kwilinski, Berry's CEO, stated, “We had a very busy quarter to start fiscal 2025, continuing our transition into a more streamlined and focused provider of consumer packaging solutions. Our recent strategic actions, includ...
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04.02.25 - 14:30
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Amcor (AMCR) Q2 Earnings Match Estimates (Zacks)
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Amcor (AMCR) delivered earnings and revenue surprises of 0% and 5.79%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?...
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04.02.25 - 13:24
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Amcor Plc Q2 Profit Increases, Beats Estimates (AFX)
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BRUSSELS (dpa-AFX) - Amcor plc (AMCR) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.The company's earnings totaled $163 milli......
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28.01.25 - 23:33
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Berry Global Group, Inc. to Release First Quarter 2025 Results on February 4, 2025 (Business Wire)
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EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its first quarter 2025 results on Tuesday, February 4, 2025, before trading begins on the New York Stock Exchange. As a result of the announced transaction in November 2024 with Amcor, Berry will not hold its normal quarterly conference call on the Company's results and performance. The Company will post their earnings release and a supplemental presentation regarding its first quarter 2025 earnings results on the Company's website at https://ir.berryglobal.com/financials.
About Berry
At Berry Global Group, Inc. (NYSE: BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 34,000 global employ...
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23.01.25 - 22:24
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Amcor and Berry Global Announce Important Milestone Towards Transaction Closing (Business Wire)
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Joint Proxy Statement Filed with U.S. Securities and Exchange Commission
Amcor and Berry Global Shareholder Meetings to take place on 25 February 2025ZURICH, Switzerland & EVANSVILLE, Ind.--(BUSINESS WIRE)--Amcor plc (“Amcor”) (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. (“Berry”) (NYSE: BERY) today announce that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement (“the Joint Proxy Statement') with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place on Tuesday 25 February, 2025.
This transaction brings together two highly complementary businesses to create a global leader in consumer and healthcare packaging solutions, uniquely positioned to accelerate growth across a broader and scaled flexible film, containers, closures and dispensing packaging portfolio. The combined company will have significant oppo...
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