Pactiv Evergreen Q1 revenue $1.25B (-13% YoY); adj. EPS $0.14; declares $0.10 dividend

Pactiv Evergreen Inc.

2024-Q1 EPS reported $0.04 revenue$1,252,000,000

Net revenue $1,252M, down 13% YoY; net income $10M vs loss $133M YoY.
Adjusted EBITDA $168M vs $189M YoY; adjusted EPS $0.14 vs $0.13 YoY.
Credit facility amended to $1.1B capacity, maturity extended to May 2029.
Quarterly dividend $0.10/share, payable June 14 to holders of record May 31.
Reaffirming 2024 guidance; expects cost savings from footprint optimization starting 2025.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pactiv Evergreen Inc. reported first quarter of 2024 results: revenue $1,252 million, net income $10 million, EPS $0.04. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $1,252 million
Net income: $10 million
EPS: $0.04
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2024 Financial Results Solid operating performance despite macro challenges; Reiterating 2024 guidance First Quarter 2024 Financial Highlights: • Net Revenues of $1,252 million for the first quarter of 2024 were down 13% compared to $1,431 million in the first quarter of 2023 and down 2% compared to $1,274 million in the fourth quarter of 2023. • Net

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Source: SEC EDGAR

accession 0000950170-24-052120

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