BERY - Berry Global Group reports mixed Q2 earnings; reaffirms FY23 outlook
2023-05-04 07:37:57 ET
- Berry Global Group press release ( NYSE: BERY ): Q2 Non-GAAP EPS of $1.96 beats by $0.10 .
- Revenue of $3.3B (-13.2% Y/Y) misses by $170M .
- Operating EBITDA of $541 million.
- Fiscal 2023 outlook : Reaffirmed adjusted EPS and free cash flow ranges :
- Adjusted earnings per share range of $7.30 - $7.80 vs. consensus of $7.45.
- 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 reports mixed Q2 earnings; reaffirms FY23 outlook