Berry Global Group, Inc. Reports Record Fourth Quarter and Fiscal Year 2020 Results
Fourth Quarter Highlights (all comparisons made to the September 2019 quarter): *Net sales of $3 billion with 4 percent organic volume growth *Operating income of $349 million *Operating EBITDA up 18 percent to $586 million *Net income per diluted share of $1.44. Fiscal Year Highlights (all comparisons made to fiscal year 2019): *Net sales of $11.7 billion with 2 percent organic volume growth *Operating income up 21 percent to $1.2 billion *Operating EBITDA up 41 percent to $2.2 billion *Net income per diluted share up 38 percent to $4.14 *RPC Group Plc (“RPC”) integration and synergy realization progressing better than plan *Exceeded guidance for both cash flow from operations and free cash flow, recording $1.5 billion and $947 million, respectively.