Berry (BRY) Stock

Berry Global Group (BERY) is in the middle of a turnaround, with significant actions unlocking shareholder value. The HHNF spinoff helped BERY de-leverage debt, align with its long-term strategy, and rewarded shareholders with a 8% special dividend. The merger with Amcor values BERY at $73.59 per share, presenting a 5% discount opportunity, with potential upside if AMCR's stock increases.

DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the “Transactions”), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy:

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.