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Pactiv Evergreen (PTVE)
NASDAQ:PTVE
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
0.33Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 49.20%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, focusing on a shift towards core operations and cost efficiency despite facing significant challenges such as decreased revenues and operational issues at Pine Bluff. While financial performance for Q3 was strong and innovation continues to drive future growth prospects, current consumer demand and broader industry challenges remain a concern.Company Guidance
During the Pactiv Evergreen earnings call for Q3 2024, management provided detailed guidance for the remainder of the year, projecting a full-year adjusted EBITDA between $800 million and $810 million. This revised guidance accounts for operational challenges at their Pine Bluff mill, which resulted in a $17 million shortfall in Q3 EBITDA compared to previous forecasts. The company expects a sequential uplift in Q4, driven by industry promotions and efficiency gains, despite broader market challenges. They also anticipate generating $15 million in cost savings from discretionary spend and SG&A by year-end. The full-year capital expenditure is forecasted to be $240 million to $250 million, with free cash flow projected to range from $180 million to $200 million. The divestiture of the Pine Bluff mill is expected to improve the company’s profitability and reduce earnings volatility, positioning Pactiv Evergreen for solid earnings momentum into 2025.Strong Financial Performance in Q3 2024
Q3 revenues were $1.3 billion with an adjusted EBITDA of $214 million, representing a solid 16% margin. The company delivered adjusted earnings per share of $0.36 and a free cash flow of $190 million.
Successful Divestiture of Mill Operations
Completed the sale of remaining mill operations on October 1, focusing on core North American converting operations and transitioning to a capital-light business model.
Cost Savings Initiatives
On track to generate $15 million in cost savings from discretionary spend and SG&A, and an anticipated $35 million in cost savings by 2026 from footprint optimization.
Innovation and New Product Development
Launched new Recycleware brand products and SmartPour portable containers, aiming to expand presence in underrepresented markets.
Positive Cash Flow and Reduced Net Debt
Generated free cash flow of $190 million, reducing net debt by $170 million and net leverage to 4.3x.
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PTVE 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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PTVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $11.91 | $11.44 | -3.95% |
| Jul 31, 2024 | $12.93 | $10.29 | -20.42% |
| May 02, 2024 | $15.12 | $13.24 | -12.43% |
| Feb 29, 2024 | $14.29 | $12.84 | -10.15% |
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 Pactiv Evergreen (PTVE) report earnings?
Pactiv Evergreen (PTVE) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Pactiv Evergreen (PTVE) earnings time?
Pactiv Evergreen (PTVE) earnings time is at Feb 19, 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 PTVE EPS forecast?
PTVE EPS forecast for the fiscal quarter 2024 (Q4) is 0.37.
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