Berry (BRY) Stock

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc., (“Berry”) (NYSE:BERY) announced today it has entered into a definitive agreement to sell its Specialty Tapes business (“Tapes”) to the private equity firm Nautic Partners, LLC (“Nautic”) for a headline purchase price of approximately $540 million, which is subject to a number of closing adjustments. The Tapes business is a franchise highly valued by its industrial customers. As a result, this separation is aligned with Berry's broader.

Berry successfully addressed its near-term debt maturities. Its new term loan may mature in late 2029 if extended. The term loan has a high interest rate of Term SOFR + 7.5%, though.

BERY is set to be acquired by Amcor to form a global leader in consumer packaging solutions with unmatched innovation and scale.

BERY's fourth-quarter fiscal 2025 net sales increase 3% year over year driven by higher selling prices.

NEW YORK , Nov. 19, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Berry Global Group, Inc. (NYSE: BERY) and its board of directors concerning the proposed acquisition of the company by Amcor plc (NYSE: AMCR). Stockholders will receive 7.25 shares of Amcor common stock for each share of Berry Global Group stock that they hold.

Edmonton, Alberta--(Newsfile Corp. - November 14, 2024) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2024 third quarter financial results.           Three months ended                   Nine months ended               September 30       Change             September 30     Change (in '000s except per share amounts)     2024       2023       $ %       2024       2023     $ % Financial performance                                 Sales   $    21,975    $    26,830  $      (4,855) (18%)     $    62,452    $    79,260    $  (16,808) (21%) Adjusted EBITDA(1)     587       1,051       (464) (44%)       851       4,638     (3,788) (82%) As a % of revenue     3%       4%             1%       6%     Operating earnings     234       1,185       (951) (80%)       710       3,698     (2,988 ) (81%) Adjusted net (loss) / earnings (1)     (549)       (293)       (256) 87%       (2,900)       812     (3,712 ) (457%) Net (loss) / earnings   $    (269)    $    (376)       $ 107 (28%)     $    (2,263)    $    442    $ (2,705 ) (612%) Per diluted share                                     Adjusted EBITDA (1)   $     0.02    $    0.04   $     (0.02)  (51%)      $     0.03   $     0.17    $   (0.14)      (80%)  Adjusted net (loss) / earnings (1)   $    (0.02)    $    (0.01)    $    (0.01) 91%     $    (0.11)    $    0.03    $ (0.14 ) (458%) Net (loss) / earnings   $    (0.01)    $    (0.01)       $ - 0%     $    (0.09)    $    0.02    $ (0.11 ) (661%) Financial position                                     Total assets                     $    57,101    $    70,532    $ (13,431 ) (19%) Working capital                       13,740       16,012     (2,271 ) (14%) Long-term debt                       6,564       6,771     (208 ) (3%) Shareholders equity                     $    21,248    $    22,780    $ (1,532 ) (7%)   (1) Non-GAAP financial measure.

Berry Petroleum (BRY) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago.

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its fourth quarter and fiscal year 2024 results on Wednesday, November 20, 2024, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance. This call will be webcast live at the Company's website at https://ir.berryglobal.com/financials. A new, simplified event regist.

EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY) (“Berry”) and Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) announced today that Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business (“HHNF Business”). The spin-off and merger of Berry's HHNF Business with Glatfelter are expected to be completed on November 4, 2024, subject to the satisfaction or waiver of the closing conditions for the transaction. As previously announced, in connection with the merger, Glatfelter will effect a reverse stock split and change its name to Magnera Corporation (“Magnera”).