Berry Global Group, Inc. Reports Third Quarter Fiscal 2018 Results; Confirms 2018 Fiscal Year Adjusted Free Cash Flow Guidance; Announces Share Repurchase Program

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Go back to Berry Global Group, Inc. Reports Third Quarter Fiscal 2018 Results; Confirms 2018 Fiscal Year Adjusted Free Cash Flow Guidance; Announces Share Repurchase Program

Berry Plastics Group (BERY) Misses Q3 EPS by 9c, Revenues In-Line; Offers FY18 Cash Flow Guidance

August 3, 2018 8:03 AM EDT

Berry Plastics Group (NYSE: BERY) reported Q3 EPS of $0.96, $0.09 worse than the analyst estimate of $1.05. Revenue for the quarter came in at $2.07 billion versus the consensus estimate of $2.07 billion.

(all comparisons made to the June 2017 quarter)

Net income per diluted share up 3 percent to $0.81.Adjusted net income per diluted share up 7 percent to $0.96.Net sales increased 9 percent to $2.1 billion.Operating income increased by 2 percent to $216 million.Operating EBITDA was $374 million, an increase of 3 percent.Announced authorization of new $500 million share repurchase programReaffirmed adjusted free cash... More