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Pactiv Evergreen ( (PTVE) ) has issued an update.
Pactiv Evergreen’s third quarter of 2024 reflects a challenging financial landscape with a net revenue dip of 3% from the previous year, primarily due to lower sales volumes despite favorable pricing. The company reported a net loss from continuing operations of $213 million, influenced by a significant impairment charge linked to divestitures, yet maintained an increase in Adjusted EPS to $0.36. Executives highlight the company’s strategic focus on cost discipline, resource optimization, and investment in growth areas while managing impacts from severe weather and operational realignments.
See more data about PTVE stock on TipRanks’ Stock Analysis page.
