Berry Plastics Group, Inc. Announces New Business Structure
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November 13, 2015 8:30 AM EST
(Updated - November 13, 2015 8:37 AM EST)
Berry Plastics Group (NYSE: BERY) reported Q4 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.26 billion.
Guidance:
Looking forward, we anticipate our fiscal year 2016 adjusted free cash flow to be $475 million, after deducting the $57 million payment in October 2015 under the Companys tax receivable agreement. This estimate assumes flat working capital with no change in plastic resin costs, constant currency rates as of the end of September, and no significant... More
November 13, 2015 8:26 AM EST
Berry Plastics Group, Inc. (NYSE: BERY) today announced a new streamlined business structure which organizes the Company into three market-focused divisions, designed to allow the Company to best serve its customers, drive future growth, and maximize shareholder value. The new divisions are: Health, Hygiene, and Specialties; Consumer Packaging; and Engineered... More
