Welcome to our dedicated page for Berry Global Group news (Ticker: BERY), a resource for investors and traders seeking the latest updates and insights on Berry Global Group stock.
Berry Global Group Inc. (BERY) delivers essential plastic packaging solutions to global consumer and industrial markets. This news hub provides investors and industry professionals with direct access to official company announcements and market-moving developments.
Track critical updates including quarterly earnings reports, sustainability initiatives, manufacturing expansions, and product innovation breakthroughs. Our curated collection features press releases covering strategic acquisitions, leadership changes, and technological advancements across BERY's four core business segments: Consumer Packaging, Flexibles, Health/Hygiene Solutions, and Engineered Materials.
Bookmark this page for real-time updates on Berry Global's operational milestones, partnership announcements, and industry recognition. Stay informed about regulatory developments impacting packaging materials and BERY's responses to evolving market demands.
Berry Global Group, Inc. (NYSE: BERY) plans to report its first fiscal quarter 2023 results on February 2, 2023, before the market opens. The company will host a conference call at 10 a.m. Eastern Time on the same day to discuss its performance. The call will be accessible via telephone and the internet, with a live webcast available on their website. Berry Global aims to leverage its global capabilities and sustainability leadership to innovate in packaging and engineered products, benefiting customers and the environment.
Berry Global Group (NYSE: BERY) announced appointments of three new independent Board directors and entered a cooperation agreement with shareholders Ancora and Eminence Capital. Independent directors Meredith Harper, Chaney Sheffield, and Peter Thomas will enhance Board expertise in capital allocation and governance. Following the 2023 Annual Meeting, the Board will expand to 12 members, with 11 being independent. This move aligns with Berry’s commitment to governance and effective capital management strategies, aiming to drive stakeholder value.
Berry Global Group, Inc. (NYSE:BERY) reported record results for the fourth quarter and fiscal year 2022, with net sales of $3.4 billion and operating income of $336 million. For the fiscal year, net sales reached $14.5 billion, a 10% increase, and adjusted earnings per share (EPS) rose to $7.40, a 7% increase. The company also generated $1.56 billion in cash flow from operations. Berry announced a quarterly cash dividend of $0.25 per share and plans to return at least $700 million to shareholders through buybacks and dividends in fiscal 2023.
Berry Global Group, Inc. (NYSE:BERY) has announced a quarterly cash dividend of $0.25 per share, starting on December 15, 2022, for shareholders on record as of December 1, 2022. Additionally, the company's stock repurchase program has been increased to $1.0 billion, up from approximately $340 million. CEO Tom Salmon highlighted this move as a major milestone, emphasizing the company's focus on returning capital to shareholders and its belief that shares are undervalued.
Berry Global Group, Inc. (NYSE: BERY) will release its fourth quarter and fiscal year 2022 results on November 15, 2022, before the market opens. A conference call is scheduled for 10 a.m. Eastern Time that same day, accessible via telephone or webcast. Investors can register for the call and access materials through the company's website. Berry focuses on innovative packaging and engineered products with a commitment to sustainability, leveraging its global presence and diverse employee base.
Berry Global Group (NYSE: BERY) is collaborating with Mars, Incorporated to introduce new pantry-sized jars for their M&M’S®, SKITTLES®, and STARBURST® brands. These jars will be made from 15% post-consumer recycled plastic and are lighter in weight. This initiative is expected to eliminate approximately 300 tons of virgin plastic annually. The jars, available in three sizes, also contribute to sustainability by saving 374 metric tons of CO2, equivalent to the energy consumption of 72.8 homes for a year.
Berry Global Group, Inc. (NYSE:BERY) reported its third fiscal quarter 2022 results, achieving net sales of $3.7 billion, up 6% year-over-year. Operating income was $336 million, with adjusted earnings per share (EPS) at $2.03, a 10% increase. Share repurchases totaled $637 million year-to-date, reducing total shares outstanding by 8%. The company expects adjusted EPS of $7.40 for fiscal 2022 and free cash flow of $750 million. CEO Tom Salmon emphasized resilience in demand and commitment to managing costs amid inflationary pressures.
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