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Berry Global Sees FY 2021 Operating EBITDA $2.175B-$2.225B; Reaffirms Cash Flow From Operations And Free Cash Flow Guidance


Benzinga | Feb 5, 2021 07:36AM EST

Berry Global Sees FY 2021 Operating EBITDA $2.175B-$2.225B; Reaffirms Cash Flow From Operations And Free Cash Flow Guidance

* Net sales of $3.1 billion; 7 percent organic volume growth

* Operating income up 53 percent to $304 million

* Operating EBITDA up 20 percent to $539 million

* Net income per diluted share up 174 percent to $0.96

* Adjusted net income per diluted share increase of 100 percent to $1.12

* Increased fiscal 2021 organic volume growth assumption by 2 percent, now targeting 4 percent

* Raised fiscal 2021 operating EBITDA guidance range by $25 million to $2.175 - $2.225 billion Reaffirmed cash flow from operations and free cash flow guidance







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