secwatch.observer — SEC 8-K summary
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Issuer:     BERRY GLOBAL GROUP, INC. (—)
CIK:        0001378992
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001378992-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378992/000137899224000033/0001378992-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378992/000137899224000033/bgg8k05092024.htm
  HTML page:      https://secwatch.observer/filing/0001378992-24-000033

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