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Operating EBITDA was a record for any December quarter in the company’s history at $277 million.
February 6, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Berry Plastics Group, Inc. reported results for its first fiscal 2017 quarter, referred to in the following as the December 2016 quarter. Net income for the December 2016 quarter was $51 million ($0.40 per diluted share) compared to $4 million ($0.03 per diluted share) in the prior year quarter. Adjusted net income in the December 2016 quarter was more than 40% higher at $0.50 per diluted share compared to $0.35 per diluted share in the prior year quarter. Net sales for 1Q 2017 were $1.5...
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