Pactiv LLC manufactures and distributes food packaging and foodservice products. The company offers containers; cutlery, plates, platters, and bowls; hot beverage cups, cold beverage cups, lids, straws, and beverage carriers; plastic wraps and aluminum foils; and school, carry, processor, and meat and poultry trays. Its products are used in beverage, take-out, deli, HMR, bakery, food preparation, and processor packaging applications, as well as in sustainable, tableware, and catering products applications. The company also provides custom printing and embossing, and new product development services. It serves foodservice, food processing, supermarket, and convenience store markets in North A...
1900 West Field Court
Lake Forest, IL 60045
Founded in 1959
Pactiv Reports Operating Results for the First Quarter of 2015
May 7 15
Pactiv reported operating results for the first quarter of 2015. For the quarter, Pactiv's revenue increased by 1% to $940 million. This increase was primarily driven by incremental sales volume across all product categories, favorable product mix and pricing and additional sales volume arising from Reynolds Consumer Products' small business acquisition in mid-2015 -- 2014. This was partially offset by lower revenue due to the sale of the buildings products business and unfavorable foreign currency impact. Adjusted EBITDA was decreased by 21% to $98 million. The decline can be fully attributed to higher raw material costs as a result of $44 million of realized losses on commodity hedges.