Last $32.48 USD
Change Today -0.14 / -0.43%
Volume 2.7M
BERY On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:02 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

berry plastics group inc (BERY) Snapshot

Open
$32.69
Previous Close
$32.62
Day High
$32.91
Day Low
$31.95
52 Week High
01/13/15 - $33.65
52 Week Low
04/15/14 - $21.55
Market Cap
3.9B
Average Volume 10 Days
1.3M
EPS TTM
$0.96
Shares Outstanding
118.8M
EX-Date
--
P/E TM
34.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for BERRY PLASTICS GROUP INC (BERY)

berry plastics group inc (BERY) Related Businessweek News

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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: 11/24/14
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. Proposes Second Amended and Restated Certificate of Incorporation to Delete Obsolete Provisions

Berry Plastics Group, Inc. proposed at its AGM to be held on March 4, 2015, the shareholders to approve the proposed second amended and restated certificate of incorporation to delete obsolete provisions.

Berry Plastics Group, Inc. Names E. (Steve) Sterrett to the Board of Directors

Berry Plastics Group, Inc. announced the appointment of Stephen E. (Steve) Sterrett to its Board of Directors. Sterrett will serve as the Chairman of the Company's Audit Committee. Sterrett replaces David B. Heller who is stepping down, after serving on the Company's Board since September 2012. Sterrett most recently served as the Sr. Executive Vice President and Chief Financial Officer of Simon Property Group, Inc. Sterrett joined the Simon organization in 1988, was named the Treasurer in 1993, and was its Chief Financial Officer from 2000-2014. Sterrett retired as Chief Financial Officer of Simon Property on December 31, 2014.

Berry Plastics Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 27, 2014; Provides Financial Guidance for the Fiscal Year 2015

Berry Plastics Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended September 27, 2014. For the quarter, the company reported net sales of $1,310 million against $1,204 million a year ago. Operating income was $93 million against $90 million a year ago. Income before income taxes was $44 million against $35 million a year ago. Net income attributable to the company was $29 million against $26 million a year ago. Diluted earnings per share were $0.24 against $0.22 a year ago. Adjusted free cash flow increased by 9% over the prior year quarter $120 million to $131 million. Operating EBITDA was $210 million compared to $194 million in the prior year quarter This $16 million increase in operating EBITDA included net cost reductions and improved productivity in manufacturing and SG&A of $13 million as well as operating EBITDA related to the three acquisitions completed in fiscal 2014. For the full year, the company reported net sales of $4,958 million against $4,647 million a year ago. Operating income was $316 million against $386 million a year ago. Income before income taxes was $67 million against $85 million a year ago. Net income attributable to the company was $62 million against $57 million a year ago. Diluted earnings per share were $0.51 against $0.48 a year ago. Net cash from operating activities was $530 million against $464 million a year ago. Additions to property, plant, and equipment were $215 million against $239 million a year ago. The company's adjusted free cash flow for fiscal year 2014 was $302 million and $131 million for the September 2014 quarter. The year-over-year increase was primarily attributed to increased selling prices due to higher material costs along with sales from businesses acquired in the last 12 months partially offset by weak packaged food demand. Operating EBITDA was $785 million. The $10 million improvement over fiscal 2013 can be attributed to cost-reduction actions, the realization of synergies from recent acquisitions, organic growth in certain product categories and earnings from acquired businesses, partially offset by unfavorable product mix, a $26 million under-recovery of raw material and freight costs in spite of $178 million of net higher selling prices as compared to fiscal 2013 and volume softness in certain product lines. LTM adjusted EBITDA increased to $830 million, up 5% from fiscal 2013. The company reported net debt of $3,789 million against $3,804 million last year. The company has targeted fiscal 2015 adjusted free cash flow, after deducting the $39 million tax receivable payment made in October 2014, at approximately $320 million. Additionally, investments in property, plant and equipment are forecasted to be approximately $230 million for fiscal 2015. Excluding the $50 million, free cash guidance would be $370 million less the tax effect for the $50 million just referenced and the company estimates fiscal 2015 effective tax rate for income tax purposes at approximately 33%. Assuming no change in short-term interest rates or refinancing activity, the company estimated fiscal 2015 cash interest expense to be approximately $205 million.

 

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Valuation BERY Industry Range
Price/Earnings 63.9x
Price/Sales 0.8x
Price/Book NM Not Meaningful
Price/Cash Flow 23.6x
TEV/Sales NM Not Meaningful
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