BERY - Berry Global Group Non-GAAP EPS of $1.30 beats by $0.02 revenue of $3.06B misses by $270M
- Berry Global Group press release ( NYSE: BERY ): Q1 Non-GAAP EPS of $1.30 beats by $0.02 .
- Revenue of $3.06B (-14.3% Y/Y) misses by $270M .
- Reduced long-term leverage target to 2.5x – 3.5x (net debt to adjusted EBITDA)
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Fiscal Year 2023 Guidance(based on information available as of February 2, 2023)
- Adjusted earnings per share range of $7.30 - $7.80; 8% expected mid-point growth versus comparable prior year
- Cash flow from operations range of $1.4 - $1.5 billion; free cash flow range of $800 - $900 million
- Anticipate returning at least $700 million of capital to shareholders through share repurchases and dividends
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Berry Global Group Non-GAAP EPS of $1.30 beats by $0.02, revenue of $3.06B misses by $270M