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Berry Global Group, Inc. - BERY STOCK NEWS

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 a leading global manufacturer of plastic packaging products and protection materials. Serving a diverse range of markets, including food, beverage, personal care, household chemicals, healthcare, and industrial, Berry Global caters to over 15,000 customers, including some of the world’s largest consumer packaged goods (CPG) manufacturers. The company's strategic international expansion aims to fulfill the growing global market demands.

The company operates through four primary business segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties. Berry Global primarily utilizes plastic resin as its raw material, sourced from various suppliers.

The acquisition of RPC has bolstered the Consumer Packaging International segment, expanding Berry’s geographical footprint and boosting its revenue. This segment includes products such as closures, dispensing systems, pharmaceutical devices, packaging, bottles, canisters, polythene films, recycling, containers, and technical components.

Berry Global's impressive growth is underscored by its extensive network of 119 global manufacturing locations across 17 countries and a workforce of over 21,000 employees. The company's history of strategic acquisitions has significantly bolstered its market presence and technological capabilities.

In recent developments, Berry Global acquired F&S Tool, a North American leader in precision injection molding tools. This move aims to strengthen Berry's global tooling capabilities, bringing in proprietary technologies and manufacturing excellence.

Berry Global continues to innovate and expand, focusing on sustainable growth and maintaining a leading position in the plastic packaging industry. Stay updated with the latest news and developments about Berry Global Group, Inc. to understand its market performance and strategic initiatives.

News

Berry Global Unveils New Circular Stretch Film Innovation and Training Center in Tulsa, Oklahoma

Rhea-AI Summary
Berry Global opens Circular Innovation and Training Center in Tulsa, Oklahoma to develop sustainable packaging solutions and provide hands-on training. The center aims to foster innovation, education, and sustainability in the flexible packaging market.
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Berry Announces First Quarter 2024 Results

Rhea-AI Summary
Berry Global Group, Inc. reported first-quarter net sales of $2.9 billion, operating income of $157 million, and earnings per share of $0.50. The company reaffirmed adjusted EPS guidance for fiscal 2024 at $7.35 - $7.85 and free cash flow of $800 - $900 million. Additionally, Berry announced plans for a tax-free spin-off and merger of its HH&S segment with Glatfelter, creating a global specialty materials leader in a transaction expected to be valued at $3.6 billion.
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-11.78%
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Berry Global and Glatfelter Announce Plans for Tax-Free Spin-Off and Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter, Creating a Global Specialty Materials Leader

Rhea-AI Summary
Berry Global Group, Inc. (BERY) and Glatfelter Corporation (GLT) have entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment with Glatfelter, creating a leading, publicly-traded company in the specialty materials industry. The transaction values the combined company at $3.6 billion, with pro forma revenue of ~$3.6 billion and Adj. EBITDA of ~$455 million. Berry and Glatfelter shareholders will own 90% and 10% of the combined company, respectively. The deal is expected to enhance earnings power with expected cost synergies of at least $50 million by year three, and is a tax-efficient Reverse Morris Trust transaction. This strategic repositioning accelerates Berry's transition to a pure-play provider of global packaging solutions and improves Glatfelter’s leverage profile.
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Berry Declares Quarterly Dividend

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Berry Global Group, Inc. (BERY) has declared a quarterly cash dividend of $0.275 per share, with a payment date of March 15, 2024, for stockholders of record as of March 1, 2024.
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Berry Global Group, Inc. Announces Notes Exchange Offers

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Berry Global Group, Inc. (NYSE: BERY) announced the commencement of an offer to exchange up to $500,000,000 of the Issuer’s new 5.50% First Priority Senior Secured Notes due 2028 for an equal amount of the Issuer’s outstanding unregistered 5.50% First Priority Senior Secured Notes due 2028. The exchange offer is limited to holders of the Outstanding Notes and is scheduled to expire at 5:00 p.m. Eastern Time on February 27, 2024. The Exchange Notes are identical to the Outstanding Notes, except for certain differences related to registration and transfer restrictions.
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Berry Global Group, Inc. to Release First Fiscal Quarter 2024 Results on February 7, 2024

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Berry Global Group, Inc. (NYSE: BERY) will release its first fiscal quarter 2024 results on February 7, 2024, before trading begins on the New York Stock Exchange. The quarterly conference call on the Company’s results and performance will be held at 10 a.m. Eastern Time on the same day. Participants can register for the call via telephone or internet at https://ir.berryglobal.com/financials. A webcast of the call and accompanying slides will also be available, with a replay available on the website approximately two hours after the call.
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Berry Global Announces Pricing of Offering of First Priority Senior Secured Notes

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Berry Global Group, Inc. (NYSE: BERY) announced the pricing of a private placement by its subsidiary, Berry Global, Inc., issuing $800,000,000 of its First Priority Senior Secured Notes due 2034.
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Berry Global Group, Inc. Announces Proposed Offering of First Priority Senior Secured Notes

Rhea-AI Summary
Berry Global Group, Inc. (NYSE: BERY) announced the issuance of a new series of first priority senior secured notes by its subsidiary, Berry Global, Inc. The net proceeds will be used to prepay a portion of existing indebtedness and to pay related fees and expenses. The Notes are being offered to qualified institutional buyers and non-U.S. investors. This offering is not registered under the Securities Act and may not be offered or sold in the United States without an effective registration statement or applicable exemption.
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Berry Announces Strong Fourth Quarter and Fiscal Year 2023 Results

Rhea-AI Summary
Berry Corporation (BRY) Reports Strong Fourth Quarter and Fiscal Year 2023 Financial Results, Exceeding Earnings Per Share and Free Cash Flow Guidance. New CEO Kevin Kwilinski Optimistic About Fiscal Year 2024 Outlook
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3.82%
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Berry Announces Quarterly Dividend Increase of 10%

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Berry Global Group, Inc. (NYSE: BERY) Increases Quarterly Dividend by 10% to $0.275 per Share
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3.82%
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FAQ

What is the current stock price of Berry Global Group (BERY)?

The current stock price of Berry Global Group (BERY) is $64.2 as of December 20, 2024.

What is the market cap of Berry Global Group (BERY)?

The market cap of Berry Global Group (BERY) is approximately 7.4B.

What markets does Berry Global serve?

Berry Global serves markets including food, beverage, personal care, household chemicals, healthcare, and industrial sectors.

How many customers does Berry Global have?

Berry Global caters to over 15,000 customers, including some of the world’s largest consumer packaged goods (CPG) manufacturers.

What are the main business segments of Berry Global?

Berry Global operates through Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties.

Where does Berry Global get its raw materials?

Berry Global primarily uses plastic resin as its raw material, sourced from a variety of suppliers.

What was a recent acquisition by Berry Global?

Berry Global recently acquired F&S Tool, a North American leader in precision injection molding tools, to enhance its global tooling capabilities.

How many employees does Berry Global have?

Berry Global employs over 21,000 individuals.

How many manufacturing locations does Berry Global have?

Berry Global has 119 global manufacturing locations across 17 countries.

What products are included in the Consumer Packaging International segment?

Products include closures, dispensing systems, pharmaceutical devices, packaging, bottles, canisters, polythene films, recycling, containers, and technical components.

Why is Berry Global expanding internationally?

Berry Global is expanding internationally to meet the needs of the rapidly growing global markets.

What is the significance of Berry Global's acquisition history?

Berry Global's history of acquisitions has significantly bolstered its market presence and technological capabilities, contributing to its growth and innovation.

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Berry Global Group, Inc.

NYSE:BERY

BERY Rankings

#1018 Ranked by Market Cap
#1425 Ranked by Dividends

BERY Stock Data

7.41B
114.87M
0.22%
101.18%
3.79%
Packaging & Containers
Plastics Products, Nec
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