secwatch.observer — SEC 8-K summary
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Issuer:     Pactiv Evergreen Inc. (—)
CIK:        0001527508
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-052120
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527508/000095017024052120/0000950170-24-052120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527508/000095017024052120/ptve-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer