Berry Global Group, Inc. Reports Strong Second Quarter 2020 Results; Net Sales up 53 percent; 2 Percent Organic Volume Growth

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Go back to Berry Global Group, Inc. Reports Strong Second Quarter 2020 Results; Net Sales up 53 percent; 2 Percent Organic Volume Growth

Berry Global Group (BERY) Tops Q2 EPS by 12c

May 1, 2020 7:31 AM EDT

Berry Global Group (NYSE: BERY) reported Q2 EPS of $1.19, $0.12 better than the analyst estimate of $1.07. Revenue for the quarter came in at $3 billion versus the consensus estimate of $3.04 billion.

Second Quarter Highlights
(all comparisons made to the March 2019 quarter)

Net sales up 53 percent to $3.0 billionOperating income up 54 percent to $284 millionOperating EBITDA up 52 percent to $539 millionNet income per diluted share increase of 71 percent to $0.94Adjusted net income per diluted share increase of 42 percent to $1.19RPC Group Plc (RPC) integration progressing on plan; synergy target remains on... More