Berry Global Q2 net sales $3.08B, adj. EPS $1.95 flat YoY; reaffirms FY2024 outlook

BERRY GLOBAL GROUP, INC.

2024-Q2 EPS reported $1.48 revenue$5,929,000,000

GAAP net sales $3.076B (-6% YoY); GAAP EPS $0.98 vs $1.42; operating income $208M vs $301M.
Adjusted EPS $1.95 (flat comparable); operating EBITDA $522M (-5% comparable).
Cost savings target raised by $25M to $165M; $55M expected in FY2024, balance in FY2025.
Closed two divestitures; expects >$2B cash from strategic divestitures over next year.
Reaffirms FY2024 guidance: adj. EPS $7.35-$7.85, FCF $800-$900M; strong April volumes.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BERRY GLOBAL GROUP, INC. reported the quarter ended March 30, 2024 results: revenue $3.1 billion, EPS $0.98. Guidance reaffirmed.

Period: the quarter ended March 30, 2024
Revenue: $3.1 billion
EPS: $0.98
Guidance: reaffirmed
Result: reported results

Exact text from the filing

MAY 9, 2024) --- EX-99.1 2 exhibit.htm PRESS RELEASE DATED MAY 9, 2024 News Release Berry Announces Second Quarter 2024 Results Second Quarter Highlights • GAAP: Net sales of $3.1 billion; Operating income of $208 million; Earnings per share of $0.98 • Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.95 • Second quarter volume and

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Source: SEC EDGAR

accession 0001378992-24-000033

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