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Berry Global Group (BERY)
NYSE:BERY
Holding BERY?
Track your performance easily
Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.04Last Year’s EPS
$1.12Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -3.84%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong operational performance, effective cost management, and strategic initiatives positioning Berry Global for future growth. Despite challenges from resin price increases and slower market recovery in Europe, the company remains confident in achieving its fiscal targets.Company Guidance
During the Berry Global Group's Q3 2024 earnings call, the company provided guidance reflecting solid performance and strategic advancements. Berry reported a 2% organic volume growth and a 16% increase in adjusted EPS over the prior year, while operating EBITDA grew by 6%. The company confirmed its fiscal 2024 guidance, anticipating low single-digit volume growth in Q4, aligning with long-term targets. Berry aims to achieve a year-end leverage of 3.5x or lower by the end of fiscal 2024, supported by expected cash flow generation and proceeds from strategic divestitures, projected to exceed $2 billion. The company is focused on portfolio optimization, aiming to increase its consumer products focus to over 80% of volume. Berry also highlighted its commitment to continuous improvement, noting a 20% improvement in throughput at its lean transformation site in Franklin, Indiana. As part of its long-term strategy, Berry targets EBITDA growth of 4% to 6% and adjusted EPS growth of 7% to 12%, with a total shareholder return of 10% to 15%.Organic Volume Growth
Berry Global achieved 2% organic volume growth during the third quarter of fiscal 2024, reflecting strong operational performance.
Adjusted EPS and Operating EBITDA Growth
The company delivered a 16% increase in adjusted EPS and a 6% increase in operating EBITDA compared to the prior year quarter.
Portfolio Optimization and Cash Generation
Berry is on track to achieve $3 billion in cash over the next four quarters through strategic divestitures and expects cash proceeds to exceed $2 billion from these activities.
Lean Transformation Progress
Significant improvements noted at the Franklin, Indiana site, with more than 20% improvement in throughput and plans to replicate this across other facilities.
Positive Outlook for Fiscal 2024
The company confirms its fiscal 2024 guidance for adjusted EPS and free cash flow, with expectations for low single-digit volume growth in the fourth fiscal quarter.
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BERY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BERY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $66.76 | $65.88 | -1.32% |
| Aug 02, 2024 | $59.77 | $57.28 | -4.17% |
| May 09, 2024 | $55.52 | $54.17 | -2.43% |
| Feb 07, 2024 | $57.98 | $51.15 | -11.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Berry Global Group (BERY) report earnings?
Berry Global Group (BERY) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Berry Global Group (BERY) earnings time?
Berry Global Group (BERY) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BERY EPS forecast?
BERY EPS forecast for the fiscal quarter 2025 (Q1) is $1.04.
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