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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -29.17%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of 55.56%. Over the last four quarters, the ...

公司概况 - 公司是北美地区领先的生鲜食品和食品陈列产品以及生鲜饮料纸盒的制造商和分销商[102] 经营情况 - 第二季度公司经历了对某些产品需求的进一步放缓,主要受近年来持续高通胀影响消费支出的持续影响[103] - 公司预计在2024年剩余时间内,输入成本持续上升压力和客户更加价格敏感的情况将持续[103] - 2024年第二季度总收入同比下降6%至13.38亿美元,主要由于关闭北卡罗来纳州坎顿工厂以及销量下降[113] - 2024年第二季度销售成本同比下降17%至11.15亿美元,主要由于饮料陈列业务重组相关费用下降以及坎顿工厂关闭和销量下降[113] - 2024年第二季度销售、一般及管理费用同比下降10%至1.22亿美元,主要由于绩效奖金成本下降[113] - 2024年第二季度重组、资产减值及其他相关费用同比下降81%至600万美元,主要与饮料陈列业务重组相关[113] - 总净收入下降9%至25.9亿美元，主要由于北卡罗来纳州坎顿工厂关闭、销量下降以及产品组合不利影响[120] - 毛利率增加10个百分点至17%，主要由于去年同期加速折旧费用[120] - 销售、一般及管理费用下降4%至2.55亿美元，主要由于绩效奖金成本下降[120] - 重组、资产减值及其他相关费用下降78%至2300万美元，主要与饮料商品化重组相关[120] - 食品服务分部净收入基本持平，调整后EBITDA下降15%至1.99亿美元，主要由于制造成本上升和产品组合不利影响[125] - 食品及饮料商品化分部净收入下降19%至13.34亿美元，调整后EBITDA下降8%至1.93亿美元，主要由于销量下降和产品组合不利影响[124] 重组计划 - 公司宣布了饮料陈列业务重组计划,以提高生产效率、精简管理架构并降低资本支出和间接成本[104] - 公司宣布了优化生产和仓储布局的重组计划,预计将提高运营效率[105] 财务指标 - 公司调整后的EBITDA(非公认会计准则指标)在2024年第二季度为1.83亿美元,同比下降16%[110][112] - 经营活动产生的现金流量下降72%至6100万美元[127] - 投资活动使用的现金流量为1亿美元[127] - 筹资活动使用的现金流量为5200万美元[127] - 净现金流出量减少1.39亿美元，下降60%，主要由于上一年同期偿还和回购2.9亿美元的债务导致的融资活动现金流减少，部分被经营活动现金流净额减少所抵消[128] - 2024年6月30日6个月内，经营活动现金流净额为6100万美元，主要来源于经营收益，部分被1.16亿美元的利息支付和3700万美元的税款支付所抵消[128] - 2023年6月30日6个月内，经营活动现金流净额为2.15亿美元，主要来源于经营收益，部分被1.35亿美元的利息支付和3100万美元的税款支付所抵消[128] - 公司于2024年7月29日宣布派发每股0.10美元的现金股利[129] - 公司于2024年5月1日和5月28日修订信贷协议，增加可循环贷款额度至11亿美元，延长到2029年5月1日到期，并以更低利率替换了6.9亿美元的现有贷款[130][131] - 截至2024年6月30日，公司有9.5亿美元现金及等价物，另有6.96亿美元的可用循环贷款额度[132] - 公司预计2024年资本支出约为2.6亿美元[134] - 公司可能继续利用部分剩余现金回购长期债务[134] 风险管理 - 公司面临外汇风险，并使用远期合约进行有限套期保值[138]

财务业绩 - 公司第二季度收入为13.38亿美元，同比下降6%，环比增长7%[3] - 第二季度净利润为2000万美元，上年同期为净亏损1.39亿美元[3] - 第二季度调整后EBITDA为1.83亿美元，上年同期为2.17亿美元[3] - 第二季度调整后每股收益为0.17美元，上年同期为0.20美元[3] - 总营收为13.38亿美元，同比下降6.2%[23] - 毛利为2.23亿美元，同比增长165.5%[23] - 营业利润为9700万美元，同比增长221.3%[23] - 净利润为1900万美元，同比增长113.7%[23] - 每股收益为0.10美元，同比增长125%[23] - 经营活动产生的现金流为9400万美元[26] - 资本支出为5700万美元[26] - 自由现金流为3700万美元[26] - 公司第二季度净收入为13.38亿美元，同比下降6.2%[29] - 公司第二季度调整后EBITDA为1.83亿美元，同比下降15.7%[31] - 公司第二季度调整后每股收益为0.14美元[33] - 公司第二季度净利润为2000万美元，同比增长81.8%[33] - 公司第二季度营业活动产生的现金流入为9400万美元，同比增长74.0%[27] - 公司第二季度投资活动产生的现金流出为4200万美元，同比下降22.2%[27] 业务重组 - 公司宣布出售Pine Bluff制浆厂和Waynesville挤出设施，完成饮料包装业务重组[5][6] - 公司下调全年调整后EBITDA指引至8-8.2亿美元[17] 业务表现 - 食品服务业务第二季度收入增长2%，调整后EBITDA下降15%[9][10][11][12] - 食品和饮料包装业务第二季度收入下降16%，调整后EBITDA下降15%[13][14][15] - 食品服务业务收入为6.68亿美元，同比下降4.5%[29] - 食品和饮料商品化业务收入为6.74亿美元，同比下降16.3%[29] - 食品服务业务调整后EBITDA为1.09亿美元，同比下降14.8%[31] - 食品和饮料商品化业务调整后EBITDA为9300万美元，同比下降14.7%[31] 财务状况 - 公司自2022年12月31日以来减少5.44亿美元债务，净债务下降1.08亿美元[14] - 总负债为50.26亿美元，较上年同期下降6.0%[25] - 总权益为13.36亿美元，较上年同期增长4.0%[25]

LAKE FOREST, Ill., July 31, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per share of common stock. The dividend will be paid on September 13, 2024 to shareholders of record at the close of business on August 30, 2024. About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beve ...

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 com ...

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. Earnings Release:Wednesday, July 31, 2024, after market closeWebcast and Teleconference:Thursday, August 1, 2024, at 8:30 a.m. EDTPactiv Evergreen Participants:Michael King, President and Chief Executive Officer Jon Baksht, Chief Financial Officer Curt Worthington, VP, Strategy & Investor Relations   Participants may a ...

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. ("Suzano") for $110 million in cash (the "Transaction"), subject to customary adjustments for closing amounts such as working capital. ...

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"). This transaction reduced the interest rate margin applicable to the B-4 Term Loans by 75 ...

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”). This transaction reduced the interest rate margin applicable to the B-4 Term Loans by 7 ...

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. W ...