Pactiv Evergreen Reports Fourth Quarter 2022 Financial Results
Fourth Quarter 2022 Financial Highlights: *Net Revenues of $1,476 million for the fourth quarter of 2022 were down 3% compared to $1,527 million in the fourth quarter of 2021 and down 8% compared to $1,609 million in the third quarter of 2022. *Net Income from continuing operations of $27 million for the fourth quarter of 2022 decreased 21% compared to $34 million in the fourth quarter of 2021 and decreased 85% compared to $175 million in the third quarter of 2022. Full Year 2022 Financial Highlights: *Net Revenues of $6,220 million for the year ended December 31, 2022 were up 14% compared to $5,437 million in the prior year. *Net Income from continuing operations of $319 million for the year ended December 31, 2022 compared to $33 million in the prior year.