Berry Global Group (NYSE: BERY) reported Q4 EPS of $0.90, $0.16 better than the analyst estimate of $0.74. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $3.12 billion.

Outlook:

We continue to work diligently across our businesses to generate sustainable, profitable organic growth by providing advantaged products in targeted markets. We expect our Consumer Packaging business will continue to grow and our Engineered Materials and Health, Hygiene, & Specialties segments, will return to positive volumes in fiscal 2020. Another key strategic objective, post the acquisition of RPC, is to reduce our leverage, as our consistently increasing, dependable, and improving cash flows provide us the opportunity to further improve our balance sheet as we have demonstrated historically.

Today we are reaffirming our previously announced fiscal 2020 guidance for cash flow from operations of approximately $1.4 billion and free cash flow of $800 million. Additionally, our fiscal 2020 capital spending and cash interest costs are forecasted to be $600 million and $500 million, respectively. This guidance also includes the use of cash for working capital and other costs of $90 million. Additionally, our cash taxes are expected to be approximately $160 million.

We believe the acquisition of RPC is truly a transformational and complementary opportunity for our Company and we are off to a great start with respect to our synergy realization and integration activities. We still expect to realize approximately $150 million of annual cost synergies of which an estimated $75 million is expected to be realized in fiscal 202

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