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BRIEF-Berry Global Group Reports Strong First Quarter Results, Raises Fiscal Year 2021 Earnings Guidance

· 02/05/2021 07:35
BRIEF-Berry Global Group Reports Strong First Quarter Results, Raises Fiscal Year 2021 Earnings Guidance

- Berry Global Group Inc BERY.N:

  • BERRY GLOBAL GROUP, INC. REPORTS STRONG FIRST QUARTER 2021 RESULTS; RAISES FISCAL YEAR 2021 EARNINGS GUIDANCE

  • QTRLY NET SALES OF $3.1 BILLION; 7 PERCENT ORGANIC VOLUME GROWTH

  • QTRLY NET INCOME PER DILUTED SHARE UP 174 PERCENT TO $0.96

  • QTRLY ADJUSTED NET INCOME PER DILUTED SHARE INCREASE OF 100 PERCENT TO $1.12

  • INCREASED FISCAL 2021 ORGANIC VOLUME GROWTH ASSUMPTION BY 2 PERCENT, NOW TARGETING 4 PERCENT

  • RAISED FISCAL 2021 OPERATING EBITDA GUIDANCE RANGE BY $25 MILLION TO $2.175 - $2.225 BILLION

  • REAFFIRMED 2021 CASH FLOW FROM OPERATIONS AND FREE CASH FLOW GUIDANCE

  • Q1 EARNINGS PER SHARE VIEW $0.94, REVENUE VIEW $2.90 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nBwB9lKta

Further company coverage: BERY.N


((Reuters.Briefs@thomsonreuters.com;))