Berry Global Group, Inc. Reports Strong First Quarter 2021 Results; Raises Fiscal Year 2021 Earnings Guidance
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Berry Global Group (BERY) Tops Q1 EPS by 18c, Revenues Beat; Raises FY21 Fiscal Guidance
February 5, 2021 7:33 AM ESTBerry Global Group (NYSE: BERY) reported Q1 EPS of $1.12, $0.18 better than the analyst estimate of $0.94. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $2.9 billion.
First Quarter Highlights
(all comparisons made to the December 2019 quarter)
Net sales of $3.1 billion; 7 percent organic volume growthOperating income up 53 percent to $304 millionOperating EBITDA up 20 percent to $539 millionNet income per diluted share up 174 percent to $0.96Adjusted net income per diluted share increase of 100 percent to $1.12Increased fiscal 2021 organic volume growth assumption by 2 percent,... More