Berry Plastics Group (BERY) Tops Q1 EPS by 5c; Reaffirms

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Berry Plastics Group, Inc. Reports First Quarter Fiscal 2017 Results

February 3, 2017 8:30 AM EST

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Berry Plastics Group, Inc. (NYSE: BERY) today reported results for its first fiscal 2017 quarter, referred to in the following as the December 2016 quarter.

Net income for the December 2016 quarter was $51 million ($0.40 per diluted share) compared to $4 million ($0.03 per diluted share) in the prior year quarter. Adjusted net income in the December 2016 quarter was over 40 percent higher at $0.50 per diluted share compared to $0.35 per diluted share in the prior year quarter. Operating income for the quarter increased by 70 percent to... More