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Berry Plastics Group Inc (BERY.N)

BERY.N on New York Stock Exchange

50.49USD
9 Dec 2016
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$0.24 (+0.48%)
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Latest Key Developments (Source: Significant Developments)

Berry Plastics Group posts Q4 adj. earnings $0.73/shr
Tuesday, 29 Nov 2016 08:30am EST 

Berry Plastics Group Inc : Berry Plastics Group, Inc reports fourth quarter and fiscal year 2016 results . Qtrly earnings per share $0.61 . Qtrly adjusted earnings per share $0.73 . Expected fiscal year 2017 cash flow from operations of $925 million and adjusted free cash flow of $550 million . Q4 earnings per share view $0.59 -- Thomson Reuters I/B/E/S . Q4 revenue view $1.62 billion -- Thomson Reuters I/B/E/S .Q4 sales $1.618 billion versus I/B/E/S view $1.62 billion.  Full Article

Berry plastics announces COO appointment in advance of CEO retirement in 2017
Friday, 30 Sep 2016 08:30am EDT 

Berry Plastics Group Inc : Berry plastics announces COO appointment in advance of CEO retirement in 2017 . Thomas E. Salmon has been unanimously elected as berry's president and Chief Operating Officer effective October 3 .Chairman and Chief Executive Officer, Jonathan D. Rich, has informed board of directors of his intention to retire as CEO.  Full Article

Berry Plastics Group announces agreement to acquire AEP Industries
Thursday, 25 Aug 2016 07:00am EDT 

AEP Industries Inc : Berry Plastics Group, Inc. Announces agreement to acquire AEP Industries Inc. . Aggregate consideration will be $765 million . AEP Industries Inc says deal to be accretive to adjusted net income and adjusted free cash flow, while deleveraging Berry's balance sheet . Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of berry common stock per aep share . Berry expects to realize cost synergies of $50 million or more annually . Berry intends to fund cash component of acquisition with existing cash and a new term loan, and has committed financing in place. . On a pro forma basis, berry's four quarters ended June 2016 adjusted free cash flow would increase by approximately $85 million to $560 million . AEP industries inc says upon closing, aep shareholders will own approximately 5 percent of berry on a fully diluted basis .Deal to be accretive to Berry's adjusted net income and adjusted free cash flow by more than 10 percent, after expected synergies.  Full Article

Berry plastics q3 adj shr $0.82
Tuesday, 9 Aug 2016 08:30am EDT 

Berry Plastics Group Inc : Year-To-Date june sales $4.871 billion . Berry plastics group, inc. Reports third quarter fiscal 2016 results . Q3 sales $1.645 billion versus i/b/e/s view $1.67 billion . Qtrly earnings per share $0.76 . Qtrly adjusted earnings per share $0.82 . Increasing fy 2016 operating ebitda guidance by additional $10 million to $1,200 million .Continues to target $475 million of adjusted free cash for fiscal 2016.  Full Article

Berry Plastics announces exchange offer for $400 mln 6 pct second priority senior notes
Thursday, 12 May 2016 09:31am EDT 

Berry Plastics Group Inc :Berry Plastics Group Inc Announces exchange offer for the $400 million 6.00 percent second priority senior notes due 2022 of Berry Plastics Corporation.  Full Article

Berry Plastics Group Q2 earnings per share $0.47
Tuesday, 10 May 2016 08:30am EDT 

Berry Plastics Group Inc : Q2 earnings per share $0.47 . Q2 adjusted earnings per share $0.58 . Increasing operating EBITDA guidance for 2016 fiscal year to $1,190 million . Reaffirming fiscal 2016 adjusted free cash flow guidance of $475 million . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Berry Plastics Group Inc. Reports second quarter fiscal 2016 results . Q2 sales $1.614 billion versus I/B/E/S view $1.65 billion .March sales $3.226 billion.  Full Article

Berry Plastics completes acquisition of AVINTIV Inc
Thursday, 1 Oct 2015 01:36pm EDT 

Berry Plastics Group, Inc:Completed previously announced acquisition of AVINTIV Inc. (AVINTIV) from private equity funds managed by Blackstone for a cash purchase price of about $2.45 billion.  Full Article

Berry Plastics announces pricing of private placement notes offering
Wednesday, 16 Sep 2015 06:41pm EDT 

Berry Plastics Group Inc:Announces pricing of private placement notes offering.Says the issuer will issue $400 million of second priority senior secured notes due 2022.Notes will bear interest at rate of 6 % payable semiannually, in cash in arrears, on April 15, October 15 of each year.  Full Article

Berry Plastics Group, Inc announces proposed offering of second priority senior notes
Wednesday, 16 Sep 2015 07:01am EDT 

Berry Plastics Group, Inc:Announces proposed offering of second priority senior notes.Says co's unit plans to issue $400 million of second priority senior secured notes due 2022.Proceeds intended to be used to fund a portion of the cash consideration due in respect of acquisition of equity of avintiv.  Full Article

Berry Plastics Group Inc to acquire Avintiv Inc
Friday, 31 Jul 2015 08:00am EDT 

Berry Plastics Group Inc:To acquire avintiv inc. creating global leader in plastics packaging and engineered specialty materials.Deal for about $2.45 billion.Agreement for Berry Plastics to acquire Avintiv Inc from private equity funds managed by the Blackstone Group LP.Says acquisition expected to be accretive to free cash flow and earnings.Says deal on a debt-free, cash-free basis.Says has secured committed debt financing to fund the transaction.Will consider raising a modest amount of equity to result in a net debt to adjusted EBITDA ratio of approximately 5 times.  Full Article

BRIEF-Berry Plastics Group posts Q4 adj. earnings $0.73/shr

* Berry Plastics Group, Inc reports fourth quarter and fiscal year 2016 results