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.
Berry Global Group (NYSE: BERY) has introduced a tethered closure for Coca-Cola's PET bottles, which enhances recyclability and reduces littering. This innovative solution has been applied to over 400 million closures in Germany, Spain, and the UK, with plans for further rollout across Europe. The closure complies with the EU Single-Use Plastics Directive, which mandates attached closures for beverage containers by July 2024. The new design features a tamper-evident band and achieves a significant reduction in PET usage, making it about 20% lighter than previous versions. Berry aims to support Coca-Cola's sustainability goals of 100% recyclable packaging by 2025.
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.
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