Berry Global Group (BERY) Misses Q1 EPS by 11c, Maintains FY EPS Guidance

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Go back to Berry Global Group (BERY) Misses Q1 EPS by 11c, Maintains FY EPS Guidance

Berry Global Group, Inc. Reports First Fiscal Quarter 2022 Results

February 3, 2022 7:30 AM EST

First Fiscal Quarter Highlights
(all comparisons made to the December 2020 quarter)

Net sales of $3.6 billion, a 14% increase Operating income of $229 million; Operating EBITDA of $457 million Diluted net income per share of $0.87; Adjusted diluted net income per share of $1.25 Authorized new share repurchase plan of $1 billion; expect to repurchase at least $350 million of shares outstanding in fiscal 2022 Reaffirmed fiscal 2022 adjusted EPS guidance of $7.20 to $7.70 Expect +2% organic volume growth in fiscal 2022 Reaffirmed cash flow from operations and free cash flow guidance

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