CHARLOTTE, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh'), a global leader in the specialty materials industry. The launch of this new identity marks the next chapter in the transaction journey, emphasizing a com ...

文章核心观点 - 公司Berry Global与法国天然化妆品公司La Rosée合作,开发了一款独特的可填充式除臭剂 [1][2][3][4][5][6] - 该除臭剂采用99%天然成分配方,不含铝盐或酒精,并采用可重复使用的包装设计,符合La Rosée的可持续发展理念 [3][5][6] - Berry Global正在努力将该产品的包装材料切换为公司自有的CleanStream回收聚丙烯,以满足个人护理行业对环保包装解决方案的需求 [6] 公司相关 - Berry Global目前评级为持有评级,股价在年初以来下跌13.7%,而行业整体上涨0.8% [7] - 公司正受益于最新设备技术投资、优势薄膜开发和循环设计,以及成本削减措施,有助于提升利润表现 [8] - 但消费者包装国际部门受到树脂价格下降导致售价下降的影响,柔性部门也受到北美运输和收缩膜市场疲软的影响 [9] 行业相关 - 公司正与行业内其他公司如Applied Industrial Technologies、Brady Corporation和Crane Company等合作,共同推动行业的可持续发展 [10][12][14]

Berry Global Group, Inc. (BERY) recently announced that it has achieved an important regulatory milestone regarding the proposed tax-free spin-off and merger of the majority of its Health, Hygiene and Specialties segment with Glatfelter Corporation (GLT) . The majority of Berry Global’s Health, Hygiene and Specialties segment comprises the Global Nonwovens and Films business (“HHNF”), which will be merged with Glatfelter to form a new entity known as NewCo.In addition to the completion of the waiting period ...

Berry Global Group, Inc.’s (BERY) investments in the latest equipment technologies, advantaged film development and design for circularity are likely to enhance its competency in the long run. It boasts a strong portfolio of products, the bulk of which includes consumer non-discretionary products like bottles & vials, containers, tubs, & pots and filtration materials.In April 2023, the company completed the construction of a second manufacturing facility and Global Healthcare Center in Sira, Bangalore. The ...

Berry Global Group, Inc. (BERY) recently announced the pricing of $800 million principal amount of first priority senior secured notes due 2031 in a private placement. The sale of the notes is expected to close on or around May 28, 2024, by the company’s wholly-owned subsidiary, Berry Global, Inc.The company’s shares lost 0.3% yesterday, ending the trading session at $59.70.Inside the HeadlinesThe notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities ...

Have you assessed how the international operations of Berry Global (BERY) performed in the quarter ended March 2024? For this packaging company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great i ...

Berry Global Group, Inc. (BERY) reported second-quarter fiscal 2024 (ended March 2024) adjusted earnings of $1.95 per share, which beat the Zacks Consensus Estimate of $1.90. The bottom line decreased 0.5% year over year.Net sales of $3.07 billion missed the consensus estimate of $3.12 billion. The top line decreased 6.4% year over year due to a 2% dip in volumes and a 5% negative impact from lower resin costs.Berry Global’s cost of goods sold decreased 6.5% to $2.5 billion. Selling, general and administrat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35672 BERRY GLOBAL GROUP, INC. A Delaware corporation 101 Oakley Street, Evansville, Indiana, 47710 IRS employer identifi ...

| --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | Earnings Conference Call Supplement Thursday, May 9th, 2024 @ 10AM ET Fiscal 2024 – 2nd Quarter Earnings Presentation | Safe Harbor Statements Forward-Looking Statements Statements in this presentation that are not historical, including statements relating to the expected future performance of the Company, as well as estimates and stateme ...

财务数据和关键指标变化 - 第二季度收入和利润与预期一致,公司采取的主动措施使其在需求疲软的宏观环境中表现优于预期 [12][13] - 公司扩大了成本节约计划,将总额增加至1.65亿美元,计划在2025财年底前实现 [13] - 公司预计下半年销量将实现低单位数增长,符合长期目标 [14] - 公司有信心在2024财年底前将杠杆降至3.5倍以下 [14] 各条业务线数据和关键指标变化 - 消费品包装国际部门收入下降8%,主要受聚合物成本转嫁的影响,但欧洲消费和工业市场均有2%以上的改善 [29] - 消费品包装北美部门收入下降4%,主要受整体客户需求疲软和聚合物成本转嫁的影响,但食品、饮料、个护等市场表现良好 [31][32] - 柔性包装部门收入下降9%,主要受聚合物成本转嫁和北美运输及收缩膜市场需求疲软的影响,但欧洲薄膜产品有所增长 [34] - 健康、卫生及特种产品部门收入下降6%,主要受聚合物价格下降和部分卫生及特种产品需求略有下降的影响,但手术室和消毒湿巾市场需求有所改善 [35] 各个市场数据和关键指标变化 - 北美市场需求在4月有明显改善,优于预期 [53][54][59] - 欧洲市场需求整体与预期一致,但4月也有所改善 [29][53] - 公司在食品服务市场份额持续提升,尽管该市场在本季度有所下滑 [31][53] 公司战略和发展方向及行业竞争 - 公司正在积极优化业务组合,未来12个月内可能完成超过20亿美元的战略性剥离,将消费品业务占比从70%提高到80%以上 [16][38] - 公司正在加快实施精益转型,提升运营效率和可靠性,并建立卓越的商业化能力,以加快有机增长 [18][21][23] - 公司通过收购F&S Tool获得独特的模具知识产权,可提供更加可持续的替代产品 [24] - 公司相信其创新能力和规模优势将使其在行业中保持领先地位,并实现可持续的有机增长 [21] 管理层对经营环境和未来前景的评论 - 管理层对下半年业绩保持乐观,预计受益于聚合物成本下降、成本节约措施和资本项目时间的改善 [42][43][44][48] - 管理层认为公司有望在2024财年底前实现3.5倍以下的目标杠杆水平 [14][39] - 管理层相信公司的股票目前被低估,未来通过执行战略和提升业绩表现,将缩小与同行的估值差距 [49] 其他重要信息 - 公司完成了两项剥离业务,并有望在未来12个月内完成超过20亿美元的其他剥离交易 [37][38] - 公司已经连续多年保持稳定的自由现金流,并通过股票回购和增加股息等方式为股东创造价值 [36][39][40] - 公司维持2024财年调整后每股收益7.35-7.85美元的指引,预计下半年业绩将显著改善 [42][43][45] 问答环节重要的提问和回答 问题1 **George Staphos提问** 询问公司下半年业绩大幅改善的信心来源,以及4月份强劲的销量情况 [52][53][54][55][57] **Kevin Kwilinski和Mark Miles回答** - 去年下半年业绩较弱,为本年下半年业绩改善创造了较好的基础 [53][54][55] - 4月份销量有明显好转,超出预期,但公司目前仍保持原有全年指引 [53][54][59] - 聚合物成本下降和成本节约措施将在下半年带来正面影响 [55][56] 问题2 **Phil Ng提问** 询问公司未来12个月内完成20亿美元剥离交易的信心来源,以及对于杠杆水平的考虑 [61][62][63][64] **Kevin Kwilinski和Mark Miles回答** - 公司有一些非核心业务具有较高的市场兴趣和适合度,因此有信心在较好的估值下完成剥离 [62] - 剥离所得资金将主要用于偿还债务,预计可带来2-3个百分点的额外降杠杆空间 [63] - 公司承诺未来将维持在目标杠杆区间内 [64] 问题3 **Ghansham Panjabi提问** 询问公司在当前消费者趋于价格敏感的环境下,如何看待自身业务组合的适配性,以及行业竞争格局 [88][89][90][91] **Kevin Kwilinski和Mark Miles回答** - 公司在强势的品牌和私有品牌业务中保持良好的定位,能够在消费者偏好转变的情况下保持增长 [89] - 公司将通过战略性收购进一步拓展高增长领域,如医疗保健包装等 [90][91] - 公司在食品服务领域的杯盖业务仍有较好的发展前景 [91]