BERY News and Press, Berry Global Group Inc. From 12/13/22

Summary We sold some of our slower growing names and invested some of our cash into Berry Global. BERY has reduced debt to peer levels and the valuation of 7.3x earnings has not rerated to peer levels of 13-14x earnings. BERY has begun returning cash flows to shareholders via buybac...

Summary The Bonhoeffer Fund, LP, is a value-oriented investment partnership. The fund's objective is to grow capital at a faster rate than market indices over full market cycles and provide minimal. The Bonhoeffer Fund returned -13.7% net of fees in the third quarter of 2022. In a d...

Summary Rhizome Partners LP is a Delaware limited partnership, aims to achieve long-term capital appreciation while limiting the risk of loss. For the third quarter of 2022, Rhizome Partners generated a net loss of 4.8%. In 2022, we’ve utilized a hybrid strategy of shorting f...

Berry Global Group, Inc. (NYSE: BERY) received a “Prime” environmental, social, and governance (ESG) rating from the Institutional Shareholder Services group of companies (ISS), advancing the Company to second decile in the packaging sector. Complementing Berry’...

Goldman Sachs called out a potential rally for packaging stock Berry Global Group ( NYSE: BERY ) despite the mixed earnings report that included a 7% decline in revenue off lower organic revenue. Analyst Adam Samuelson pointed to BERY's strong free cash flow profile, quarter...

Berry Global Group, Inc. (BERY) Q4 2022 Earnings Conference Call November 15, 2022 10:00 AM ET Company Participants Dustin Stilwell - Head of Investor Relations Tom Salmon - Chief Executive Officer Mark Miles - Chief Financial Officer Conference Call Partic...

The following slide deck was published by Berry Global Group, Inc. in conjunction with their 2022 Q4 earnings call. For further details see: Berry Global Group, Inc. 2022 Q4 - Results - Earnings Call Presentation

Berry Global Group press release ( NYSE: BERY ): Q4 Non-GAAP EPS of $2.19 beats by $0.04 . Revenue of $3.4B (-7.1% Y/Y) misses by $240M . Fiscal Year 2023 Guidance : Adjusted earnings per share range of $7.30 - $7.80, 8% expected mid-point growth versu...

Fourth Quarter Highlights (all comparisons made to the September 2021 quarter, adjusted for currency and divestitures) Net sales of $3.4 billion Operating income of $336 million; Operating EBITDA of $539 million, a 9% increase Earnings per share of $1.85; record ad...

Berry Global Group, Inc. (NYSE:BERY), announced today that its Board of Directors has authorized the initiation of a quarterly cash dividend on the Company’s outstanding common stock at a rate of $0.25 per share. The first dividend will be paid on December 15, 2022, to shareholde...