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Berry Global Group (BERY)
NYSE:BERY
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.59Last Year’s EPS
1.79Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 7.26%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant synergies and growth opportunities from the Amcor-Berry merger, emphasizing financial benefits, expanded market reach, and sustainability initiatives. However, it also notes challenges in current market conditions and potential risks associated with integration and leverage.Company Guidance
During the investor call discussing the Amcor-Berry combination, the guidance emphasized several key metrics and strategic benefits expected from the merger. Berry shareholders will receive 7.25 Amcor shares for each Berry share, owning approximately 37% of the combined entity. The merger is projected to generate $650 million in synergies and increase annual cash flow to over $3 billion. With combined revenues surpassing $24 billion and R&D spending of $180 million annually, the new entity aims to lead in sustainable packaging solutions. Expected EBITDA margins are projected at 18% with a $4.3 billion EBITDA, and adjusted EPS accretion is anticipated to exceed 35% compared to Amcor's last 12-month stand-alone performance. The company plans to invest 4% to 5% of sales in capital expenditures to drive further growth.Significant Synergies and Financial Benefits
The combination of Amcor and Berry is expected to generate $650 million in synergies, with annual cash flow exceeding $3 billion. The merger is anticipated to deliver over 35% EPS accretion including combined earnings and synergies.
Expansion of Market Reach and Innovation Capabilities
The merger creates a leader in consumer and healthcare packaging with over $24 billion in combined revenues and $180 million in annual R&D spending, serving more than 20,000 customers across 140 countries.
Strong Potential for Organic Growth
The combined company is expected to accelerate market growth by at least 100 basis points and improve EBITDA margins to 18% with a $4.3 billion EBITDA including synergies.
Commitment to Sustainability and Innovation
Amcor and Berry aim to achieve 100% recyclable, reusable, or compostable portfolios by 2025, with increased capabilities for post-consumer recycled materials and lightweighting.
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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 |
|---|---|---|---|
| Feb 04, 2025 | $66.83 | $70.50 | +5.49% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is Berry Global Group (BERY) earnings time?
Berry Global Group (BERY) earnings time is at May 01, 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 (Q2) is 1.59.
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