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Berry Global Sees FY 2021 Operating EBITDA $2.175B-$2.225B; Reaffirms Cash Flow From Operations And Free Cash Flow Guidance

Net sales of $3.1 billion; 7 percent organic volume growth Operating income up 53 percent to $304 million Operating EBITDA up 20 percent to $539 million Net income per

· 02/05/2021 07:36
  • Net sales of $3.1 billion; 7 percent organic volume growth
  • Operating income up 53 percent to $304 million
  • Operating EBITDA up 20 percent to $539 million
  • Net income per diluted share up 174 percent to $0.96
  • 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 cash flow from operations and free cash flow guidance