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, 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.
Berry Global Group, Inc. (NYSE: BERY) is set to report its third fiscal quarter 2022 results on August 3, 2022, before the markets open. A conference call will take place at 10 a.m. Eastern Time to discuss the results, accessible via phone at (800) 715-9871 in the U.S. and (646) 307-1963 internationally. A live webcast will also be available on www.berryglobal.com. A replay of the call will be accessible from 1 p.m. Eastern Time on August 3 to August 17, 2022.
Berry Global Group, Inc. (NYSE: BERY) has partnered with Tchibo and Neste to launch a sustainable coffee capsule made from renewable materials. The new Qbo capsules, which comprise 70% renewable polypropylene, aim to significantly reduce CO2 emissions, demonstrating a 35% decrease according to a life cycle assessment from the Technical University of Berlin. This initiative aligns with Berry's goal of achieving 30% circular plastics use in consumer goods packaging by 2030, reinforcing their commitment to sustainability and innovation in the market.
Berry Global partners with McCormick to enhance sustainability efforts by introducing new food color bottles made from 100% post-consumer recycled plastic. This collaboration aims to meet McCormick's packaging goals by 2025, minimizing carbon footprint and achieving a projected 59% reduction in CO2 emissions. The initiative is expected to prevent 86.8 metric tons of CO2 emissions, equating to the annual emissions of nearly 19 gasoline-powered cars. Berry's commitment includes acquiring over 600 million pounds of recycled plastic by 2025 to support their clients' sustainability targets.
FAQ
What is the current stock price of Berry Global Group (BERY)?
What is the market cap of Berry Global Group (BERY)?
What markets does Berry Global serve?
How many customers does Berry Global have?
What are the main business segments of Berry Global?
Where does Berry Global get its raw materials?
What was a recent acquisition by Berry Global?
How many employees does Berry Global have?
How many manufacturing locations does Berry Global have?
What products are included in the Consumer Packaging International segment?
Why is Berry Global expanding internationally?
What is the significance of Berry Global's acquisition history?
