Last $34.26 USD
Change Today -0.14 / -0.41%
Volume 821.0K
BERY On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

berry plastics group inc (BERY) Snapshot

Open
$34.41
Previous Close
$34.40
Day High
$34.43
Day Low
$34.10
52 Week High
02/24/15 - $35.50
52 Week Low
04/15/14 - $21.55
Market Cap
4.1B
Average Volume 10 Days
1.0M
EPS TTM
$1.00
Shares Outstanding
118.9M
EX-Date
--
P/E TM
34.4x
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: 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. Announces Unaudited Consolidated Financial Results for the First Quarter Ended December 27, 2014; Reaffirms Cash Flow Guidance for the Year of 2015

Berry Plastics Group, Inc. announced unaudited consolidated financial results for the first quarter ended December 27, 2014. For the quarter, the company reported net sales of $1,220 million against $1,140 million a year ago. Operating income was $68 million against $63 million a year ago. Income before income taxes was $16 million against $9 million a year ago. Net income was $13 million or $0.11 per diluted share against $6 million or $0.05 per diluted share a year ago. Net cash from operating activities was $100 million against $172 million a year ago. Additions to property, plant, and equipment was $35 million against $47 million a year ago. Adjusted net income per diluted share was $0.27. Adjusted free cash flow of $36 million for the December 2014 quarter. Net debt was $3,759 million against $3,789 a quarter ago. The company is reaffirming fiscal 2015 adjusted free cash flow guidance of $320 million assuming no impact from resin cost changes. This estimate includes $589 million of cash from operating activities and $230 million of additions to property, plant, and equipment. Although not factored into guidance, just as raw material price increases have negatively impacted cash flow from operating activities over the past two years, the company expects that the trend of decreasing resin prices, to the extent it continues, should have a favorable impact on cash from operating activities beginning in the March 2015 quarter.

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.

 

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BERY

Industry Average

Valuation BERY Industry Range
Price/Earnings 60.9x
Price/Sales 0.8x
Price/Book NM Not Meaningful
Price/Cash Flow 24.1x
TEV/Sales 0.0x
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