Berry Plastics Group, Inc. Reports First Quarter Fiscal 2015 Results

Berry Plastics Group, Inc. (NYSE:BERY) today reported results for its first fiscal 2015 quarter, referred to in the following as the December 2014 quarter:
> Increased net sales by 7 percent to $1,220 million for the December 2014 quarter compared to $1,140 million in the December 2013 quarter
> Recorded net income per diluted share of $0.11 and adjusted net income per diluted share of $0.27 for the December 2014 quarter
> Increased Operating EBITDA by 6 percent to $182 million for the December 2014 quarter compared to $172 million in the December 2013 quarter
> Generated $100 million of cash flow from operations and adjusted free cash flow of $36 million for the December 2014 quarter
> Made a voluntary $100 million principal payment on our term loan in November 2014

“In the December 2014 quarter we reported both record sales and Operating EBITDA for any December ending quarter in the Company’s history. Operating EBITDA improved by $10 million or 6 percent over the same prior year quarter, primarily as a result of improved operational productivity and cost savings from our previously announced restructuring activities, along with contributions and synergies from our recent acquisitions,” said Jon Rich, Chairman and CEO of Berry Plastics.

read more/source:  http://ir.berryplastics.com/phoenix.zhtml?c=192781&p=irol-newsArticle&ID=2012145

Back To Top
×Close search
Search