Berry Global Group (NYSE:BERY) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$3.08b (down 6.4% from 2Q 2023).

• Net income: US$116.0m (down 33% from 2Q 2023).

• Profit margin: 3.8% (down from 5.3% in 2Q 2023).

• EPS: US$1.00 (down from US$1.44 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Berry Global Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Packaging industry in the US.

Performance of the American Packaging industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Berry Global Group (including 1 which can't be ignored).

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