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Reaffirmed guidance for fiscal year 2018 cash flow from operations of $1,007 million, adjusted free cash flow of $630 million
May 4, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Berry Global Group, Inc. reported results for its second fiscal 2018 quarter, referred to in the following as the March 2018 quarter. Net income per diluted share increased 22% to $0.66 compared to 2Q 2017. Adjusted net income per diluted share up 12% to $0.84. Net sales increased 9% to $2.0 billion in 2Q 2017, while operating income increased by 7% to $188 million. Operating EBITDA was $350 million, an increase of 4%. The company reaffirmed guidance for fiscal year 2018 cash flow from o...
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