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Berry Global Group records Net sales and Operating EBITDA growth over 50% in Q2

May 01, 2020 7:46 AM ETBerry Global Group, Inc. (BERY) StockBy: Niloofer Shaikh, SA News Editor
  • Berry Global Group (NYSE:BERY) reports revenue growth of 52% in Q2.
  • Volumes up 2% for the quarter.
  • Consumer Packaging – North America net sales grew 10% to $706M and International net sales was $1.1B.
  • Gross margin rate improved 50 bps to 19.6%.
  • SG&A expense rate down 40 bps to 6.9%.
  • Operating EBITDA grew 52% to $539M.
  • FY2020 Guidance: Cash flow from operations: $1.4B; Adjusted free cash flow: $800M; Capex: $600M.
  • BERY +2.34% premarket.
  • Previously: Berry Global Group EPS beats by $0.12, misses on revenue (May 1)

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