- 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.
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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)