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Last $33.15 USD
Change Today -0.04 / -0.12%
Volume 1.1M
BERY On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

berry plastics group inc (BERY) Snapshot

Open
$33.29
Previous Close
$33.19
Day High
$33.35
Day Low
$32.98
52 Week High
04/9/15 - $37.08
52 Week Low
10/15/14 - $22.62
Market Cap
4.0B
Average Volume 10 Days
1.5M
EPS TTM
$1.25
Shares Outstanding
119.4M
EX-Date
--
P/E TM
26.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for BERRY PLASTICS GROUP INC (BERY)

berry plastics group inc (BERY) Related Businessweek News

No Related Businessweek News Found

berry plastics group inc (BERY) Details

Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging. It offers rigid packaging products, including containers; foodservice items, which include thermoformed polypropylene and injection-molded plastic drink cups; closures and overcaps; bottle and prescription containers, such as polyethylene and polyethylene terephthalate bottles, as well as decorated bottles; and tubes. The company also provides engineered materials, such as heat-shrinkable coatings, single- and multi-layer sleeves, pipeline coating tapes, anode systems for cathodic protection, visco-elastic, and epoxy coatings; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes under the National, Nashua, and Polyken brands; drop cloths and retail trash bags under the Ruffies and Film-Gard brands; and PVC Films. In addition, it offers institutional can liners under the Big City, Hospi-Tuff, Plas-Tuff, Rhino-X, and Steel-Flex brands; and stretch and shrink films under the MaxTech, PalleTech, and OptiMil brands. Further, the company provides flexible packaging products, which include personal care films; food and consumer films, as well as barrier films; and converter films, such as coated and laminated products, mono layer to coextruded films, lamination films, and lamination film for carpet padding to films for solar panel construction. It sells its products through direct field sales force and distributors. Berry Plastics Group, Inc. was founded in 1967 and is headquartered in Evansville, Indiana.

16,000 Employees
Last Reported Date: 02/2/15
Founded in 1967

berry plastics group inc (BERY) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.5M
Chief Financial Officer
Total Annual Compensation: $510.5K
President of Rigid Closed Top Division
Total Annual Compensation: $629.1K
President of Engineered Materials Division
Total Annual Compensation: $527.1K
President of Rigid Open Top Division
Total Annual Compensation: $474.1K
Compensation as of Fiscal Year 2014.

berry plastics group inc (BERY) Key Developments

Berry Plastics Group, Inc. and Berry Plastics Corporation Enter into an Amendment to Amended and Restated Revolving Credit Agreement

On May 14, 2015, Berry Plastics Group, Inc., its wholly owned subsidiary, Berry Plastics Corporation and certain of its subsidiaries entered into an amendment no. 4 to the amended and restated revolving credit agreement (amendment no. 4), which amended the existing amended and restated revolving credit amendment, dated as of April 3, 2007, with Bank of America, N.A. and certain other financial institutions, relating to BPC’s existing $650 million secured, revolving credit facility (the revolving facility). Among other things, amendment no. 4 amended the existing credit agreement to extend the maturity date of the revolving facility to May 14, 2020 (subject to certain conditions) and to reduce interest margins and certain commitment fees. Under the terms of the amended revolving credit agreement, the applicable interest rate margin on borrowings bearing interest at a prime-rate based rate is 0.50% until August 14, 2015, and ranges from 0.25% to 0.75% on and after such date. The applicable interest rate margin on borrowings bearing interest at a reserve-adjusted LIBOR-based rate is 1.50% until August 14, 2015, and ranges from 1.25% to 1.75% on or after such date. Adjustments in the applicable margins on and after August 14, 2015, are determined based on the quarterly average daily borrowing availability under the revolving facility. Commitment fees on the revolving facility from and after May 14, 2015, range from 0.25% to 0.325%, depending upon the quarterly average daily unused availability under the revolving facility.

Berry Plastics Group, Inc. Presents at Macquarie's Triple M: Global Metals, Mining & Materials Conference 2015, Jun-10-2015

Berry Plastics Group, Inc. Presents at Macquarie's Triple M: Global Metals, Mining & Materials Conference 2015, Jun-10-2015 . Venue: Omni Berkshire Place, 21 East 52nd Street (Between Madison & 5th Avenues), New York, NY 10022, United States.

Berry Plastics Group, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 28, 2015; Revises Financial Guidance for the Year 2015

Berry Plastics Group, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 28, 2015. For the quarter, the company's net sales were $1,224 million compared with $1,210 million a year ago. The year-over-year increase was primarily attributed to net sales from businesses the company acquired in the last twelve months partially offset by soft customer demand. Operating income was $112 million compared with $77 million a year ago. Income before income taxes was $59 million compared with $18 million a year ago. Consolidated net income was $38 million or $0.31 per diluted share compared with $12 million or $0.10 per diluted share a year ago. Operating EBITDA was $210 million compared with $191 million a year ago. Operating EBITDA improved by $19 million or 10% over the same prior year quarter, primarily as a result of lower raw material costs, cost savings from its restructuring initiatives and improved operational productivity, along with contributions and synergies from its recent acquisitions. Adjusted operating income was $133 million compared with $115 million a year ago. Adjusted EBITDA was $210 million compared with $831 million a year ago. Cash flow from operating activities was $112 million compared with $492 million a year ago. Net additions to property, plant, and equipment were $41 million compared with $149 million a year ago. Adjusted net income per diluted share was $0.42. For the six months, the company's net sales were $2,444 million compared with $2,350 million a year ago. This increase was primarily attributed to net sales from businesses the company acquired in the last twelve months along with increased selling prices occurring primarily in the first fiscal quarter of 2015 partially offset by soft customer demand. Operating income was $180 million compared with $140 million a year ago. Income before income taxes was $75 million compared with $27 million a year ago. Consolidated net income was $51 million or $0.41 per diluted share compared with $18 million or $0.15 per diluted share a year ago. Net cash from operating activities was $212 million compared with $250 million a year ago. Additions to property, plant, and equipment were $79 million compared with $114 million a year ago. Operating EBITDA was $392 million compared with $363 million a year ago. As on March 28, 2015, the company's net debt was $3,691 million. The company is increasing its fiscal 2015 adjusted free cash flow guidance from $320 million as previously forecasted, to $350 million. The revised guidance assumes resin prices will not change significantly from the end of the March 2015 quarter and flat sales volumes for the last two quarters of fiscal 2015. Additionally, the company is maintaining its forecasts on cash interest expense of $205 million. Capital investment plan for fiscal 2015 was approximately $230 million. With half the year behind us, the company is increasing adjusted free cash flow guidance for fiscal 2015 by almost 10% to $350 million.

 

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Industry Analysis

BERY

Industry Average

Valuation BERY Industry Range
Price/Earnings 41.9x
Price/Sales 0.8x
Price/Book NM Not Meaningful
Price/Cash Flow 19.9x
TEV/Sales NM Not Meaningful
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