Berry Global Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 30, 2024
May 09, 2024 at 12:00 pm
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Berry Global Group, Inc. reported earnings results for the second quarter and six months ended March 30, 2024. For the second quarter, the company reported sales was USD 3,076 million compared to USD 3,288 million a year ago. Net income was USD 116 million compared to USD 174 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.42 a year ago.
For the six months, sales was USD 5,929 million compared to USD 6,348 million a year ago. Net income was USD 175 million compared to USD 280 million a year ago. Basic earnings per share from continuing operations was USD 1.51 compared to USD 2.29 a year ago. Diluted earnings per share from continuing operations was USD 1.48 compared to USD 2.27 a year ago.
Berry Global Group, Inc. creates packaging and engineered products. The Company operates through four segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene and Specialties, and Engineered Materials. The Consumer Packaging International segment primarily consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, and containers. The Consumer Packaging North America segment primarily consists of containers and pails, foodservice, closures, bottles, prescription vials, and tubes. The Health, Hygiene & Specialties segment primarily consists of healthcare, hygiene, specialties, and tapes. The Engineered Materials segment primarily consists of stretch and shrink films, converter films, institutional can liners, food and consumer films, retail bags, and agriculture films. It is also engaged in offering a full suite of tooling capabilities, including injection, blow, compression, and thermo-forming molds.
BERRY GLOBAL GROUP, INC. 
