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. (NYSE: BERY) is described as a global leader in innovative packaging solutions, with activities spanning non-woven, flexible, and rigid products for consumer and industrial end markets. The BERY news feed on Stock Titan aggregates company announcements, earnings releases, and transaction-related updates that reflect how Berry communicates its strategy and performance to investors.
Recent news has focused on Berry’s financial results and portfolio changes. The company has reported quarterly net sales and operating income figures, along with non-GAAP measures such as operating EBITDA and adjusted earnings per share. These releases also describe organic volume growth across its segments and discuss factors affecting operating income, including business integration costs and divestitures.
Berry’s news flow also includes major corporate actions. The company has announced the completion of a spin-off and merger of its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter Corporation, the sale of its Tapes business, and a definitive merger agreement with Amcor plc. Subsequent joint announcements with Amcor have covered shareholder approvals, U.S. and international antitrust clearances, and steps toward closing the combination.
Investors following BERY news can expect updates on quarterly earnings, segment performance, strategic portfolio moves, and developments related to the proposed merger with Amcor, as well as communications about Berry’s capital structure, including consent solicitations and results for its outstanding notes. This page provides a centralized view of these disclosures for users tracking Berry’s ongoing corporate and financial developments.
Berry Global Group, Inc. (NYSE:BERY) announced the pricing of a private placement by its subsidiary, Berry Global, Inc., issuing $750 million of senior secured notes due in 2026. The notes carry an interest rate of 1.57%, payable semiannually, with a closing date anticipated around December 22, 2020. Proceeds will be used to prepay existing term loans and cover related fees. The notes are only offered to qualified institutional buyers under Rule 144A and are secured by various assets, with certain guarantees from Berry and its subsidiaries.
Berry Global Group (NYSE:BERY) has announced plans for its subsidiary to issue a new series of first priority senior secured notes. The net proceeds will be used to prepay part of existing term loans and cover offering-related fees. These notes are offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S. Importantly, they are not registered under the Securities Act. This press release does not constitute an offer to sell or solicit securities in any unlawful jurisdiction.
Berry Global Group, Inc. (NYSE:BERY) reported strong fourth quarter and fiscal year 2020 results, showing net sales of $3 billion with a 4% organic volume growth in Q4. Operating income reached $349 million, and net income per diluted share was $1.44. For the fiscal year, net sales totaled $11.7 billion, a 2% increase with adjusted net income per diluted share rising 42% to $4.85. The company exceeded cash flow expectations, generating $1.5 billion in operations. Fiscal 2021 guidance suggests operating EBITDA between $2.15 to $2.2 billion and free cash flow of $875 to $975 million.
Berry Global Group recently completed a three-week global campaign to clear litter from local communities, tracking efforts through the Litterati app, and recording over 400,000 pieces of litter. The initiative exceeded its initial goal by four times and supported sustainability efforts aligned with the company's Impact 2025 Sustainability Strategy. Chairman and CEO Tom Salmon emphasized the campaign’s role in raising awareness about waste disposal. Berry, a founding member of the Alliance to End Plastic Waste, focuses on partnerships to foster environmental responsibility.
Berry Global Group, Inc. (NYSE: BERY) will announce its fourth quarter and fiscal year 2020 results on November 19, 2020, before market opening. A conference call is scheduled for 10 a.m. ET, where management will discuss the results. Investors can access the call via telephone or a live webcast on the company's website. The company aims to provide protective solutions while focusing on sustainability. For fiscal year 2019, Berry reported $12.6 billion in pro forma net sales and operates globally with over 47,000 employees.
Berry Global Group, Inc. (NYSE: BERY) has appointed Jill A. Rahman to its Board of Directors. Rahman, who serves as COO of the Greater Chicago Food Depository, brings over 25 years of experience in packaged goods, including executive roles at Conagra Brands, Inc. She has held significant positions in marketing and strategic planning, amplifying Berry's business acumen. Tom Salmon, Chairman and CEO, expressed confidence that her insights will enhance the Board's capabilities in consumer packaging.
Berry Global Group (NYSE: BERY) is investing in a new Reicofil R5 asset at its Nanhai, China facility to expand its capacity for the fast-growing Asia healthcare markets. This strategic move aims to meet increasing demand for high-performance healthcare applications, particularly surgical drapes and gowns. The asset is expected to start operations in Q3 2022, positioning Berry as the world's first company to operate two R5 assets. This investment underscores Berry's commitment to enhancing its leadership in healthcare material solutions.
Berry Global Group, Inc. (NYSE: BERY) has secured the International Sustainability and Carbon Certificate (ISCC) for its Biesheim, France facility. Awarded by SGS Germany GmbH, this certification allows the site to market ISCC Plus certified nonwovens, enhancing the company's sustainable product offerings. The ISCC Plus certification confirms compliance with high environmental standards and enables the production of nonwovens using circular polymers, thus promoting sustainability in the supply chain.