Industry News, Printers News

Berry Global Group, Inc. Reports 4Q, Fiscal Year 2018 Results

Net sales increased 11% to an annual record of $7.9 billion, with adjusted free cash up 5% to $634 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Berry Global Group, Inc. reported its fourth quarter and fiscal year 2018 results.   In the fourth quarter of 2018, net sales increased 9% to $2.1 billion, with organic sales growth, excluding currency and acquisition effects, up 3%. Operating income was down 3% to $194 million, with operating EBITDA down 1% to $346 million. Net income per diluted share was up 22% to $0.99; adjusted net income per diluted share was up 3% to $0.90.   Cash flow from operations increased by 13% to $448 million, wit...

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