Berry Plastics Group (BERY) Tops Q4 EPS by 7c

Berry Plastics Group (NYSE: BERY) reported Q4 EPS of $0.87, $0.07 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.91 billion.

Outlook

We anticipate our fiscal year 2018 cash flow from operations and adjusted free cash flow to be $965 million and $610 million, respectively. Our estimate assumes flat working capital and volumes. Additionally, our capital spending and cash interest costs are forecasted to be $320 million and $250 million, respectively. Within our adjusted free cash flow guidance, we are also assuming cash taxes to be $210 million, including a $35 million payment in the first quarter under the Company’s tax receivable agreement, along with other cash uses of $40 million related to items such as acquisition integration expenses and costs to achieve synergies. These estimates and assumptions do not include our most recent definitive agreement to acquire Clopay.

For earnings history and earnings-related data on Berry Plastics Group (BERY) click here.

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