Welcome to our dedicated page for Pactiv Evergreen news (Ticker: PTVE), a resource for investors and traders seeking the latest updates and insights on Pactiv Evergreen stock.
Pactiv Evergreen Inc. (NASDAQ: PTVE) delivers essential packaging solutions for North America's foodservice and retail sectors through integrated manufacturing and sustainable innovation. This dedicated news hub provides investors and industry professionals with authoritative updates on corporate developments, strategic initiatives, and market positioning.
Access real-time announcements including quarterly earnings reports, product innovation launches, operational expansions, and sustainability progress. Our curated collection features press releases about manufacturing advancements, leadership updates, and partnerships that shape the food packaging landscape.
Discover updates on PTVE's SmartPour technology implementations, recycled material initiatives, and distribution network enhancements. The resource serves as a reliable reference for tracking regulatory compliance milestones and industry recognition achievements.
Bookmark this page for streamlined access to verified information about Pactiv Evergreen's market activities. Check regularly for updates that matter to stakeholders in food packaging technology and sustainable manufacturing solutions.
Pactiv Evergreen (NASDAQ: PTVE) will release its second quarter 2021 earnings on August 4, 2021, after market close. A teleconference will be held on August 5, 2021, at 8:30 a.m. ET. Investors can access the live webcast on the company's Investor Relations website. Key participants from Pactiv Evergreen include CEO Michael King, CFO/COO Michael Ragen, and SVP of Investor Relations Dhaval Patel. The company is a major North American producer of fresh food and beverage packaging, with a focus on sustainable materials.
Pactiv Evergreen reported a challenging first quarter of 2021, with net revenues of $1,164 million, down from $1,212 million year-over-year. The company experienced a net loss of $11 million compared to a $133 million profit in the same period last year, primarily due to increased costs from Winter Storm Uri and ongoing COVID-19 impacts. Adjusted EBITDA decreased to $77 million from $145 million. Despite these challenges, Pactiv anticipates a near double-digit volume recovery in 2021, particularly in Foodservice and Food Merchandising segments.
Pactiv Evergreen Inc. (NASDAQ: PTVE) announced a quarterly dividend of $0.10 per share, set to be paid on June 15, 2021, to shareholders holding shares at the close of business on May 28, 2021. As one of North America's largest food and beverage packaging manufacturers, Pactiv Evergreen utilizes recycled and renewable materials in many of its products, serving a diverse customer base including restaurants and food processors.
Pactiv Evergreen announced the launch of the GiveBack program, aimed at rewarding community engagement among employees and their families. This initiative supports sustainability efforts by granting funds for projects involving registered nonprofits. The program is open to employees in the U.S., Canada, and Mexico, allowing their student family members to apply. Applications must be submitted by July 14, 2021, with winners announced in the fall. The program reflects Pactiv Evergreen's dedication to sustainability and community involvement.
Pactiv Evergreen (NASDAQ: PTVE) is set to announce its first quarter 2021 earnings on May 5, 2021, after market close. A teleconference will follow on May 6, 2021, at 8:30 a.m. ET. Key participants include CEO Michael King, CFO/COO Michael Ragen, and SVP of IR & Strategy Dhaval Patel. Investors can access the earnings call via the company’s Investor Relations website or by dialing in. Pactiv Evergreen specializes in manufacturing and distributing foodservice products across North America and select international markets.
Pactiv Evergreen Inc. (NASDAQ: PTVE) announced that John Rooney, President of Beverage Merchandising, will depart at the end of June. CEO Mike King recognized Rooney's 30-year tenure and contributions, expressing gratitude and wishing him well in future endeavors. The company will initiate a search for a new President for this division. Pactiv Evergreen manufactures and distributes foodservice products and beverage cartons across North America and international markets, serving a diverse range of clients including restaurants, supermarkets, and food processors.
Pactiv Evergreen Inc. (NASDAQ: PTVE) has appointed Dhaval Patel as Senior Vice President, Investor Relations and Strategy, effective March 16, 2021. The company emphasizes a commitment to fostering strong shareholder relationships and creating long-term value. Dhaval Patel brings over 20 years of financial experience, notably as Managing Director at TIAA-CREF, where he specialized in packaging, chemicals, and materials. He holds dual Bachelor of Science degrees in Finance and Mathematics and Statistics from Rutgers University.
Pactiv Evergreen Inc. (NASDAQ: PTVE) has announced the retirement of CEO John McGrath, who is succeeded by Michael King, previously CEO of Graham Packaging Company. King, a board member since 2018, has extensive experience in leadership roles at various companies. McGrath expressed gratitude for his time at Pactiv Evergreen, while King aims to enhance value for stakeholders. Chairman Jonathan Rich praised McGrath's contributions, including leading the company’s successful IPO, and affirmed King’s ability to drive growth for the future.
Pactiv Evergreen (NASDAQ: PTVE) will participate in the BofA Securities 2021 Global Agriculture and Materials Conference on March 3-4, 2021. CEO John McGrath and CFO Michael Ragen will present on March 4 at 3:00 p.m. ET. A live webcast will be available on the Company’s investor relations website, with a replay accessible until June 2, 2021. Pactiv Evergreen specializes in foodservice and beverage cartons, serving a diverse clientele in North America and beyond.
Pactiv Evergreen reported its fourth quarter 2020 results on February 24, showing net revenues of $1,175 million, down from $1,303 million the previous year, primarily due to COVID-19. However, net income improved to $18 million from a $140 million loss in Q4 2019. Adjusted EBITDA was $170 million, slightly lower than $173 million year-over-year. The company anticipates a recovery in demand as vaccination efforts progress, despite ongoing impacts from the pandemic and challenges from a recent winter storm. A quarterly dividend of $0.10 was declared and paid to shareholders.
