Pactiv Evergreen

Pactiv Evergreen Inc. is a manufacturer and distributor of fresh foodservice and food merchandising products, and fresh beverage. The firm produce a broad range of products that protect, package and display fresh food and beverages for consumers who want to eat or drink fresh, prepared or ready-to-eat food and beverages. It operates through the following segments: foodservice, food merchandising and beverage merchandising. The company was founded on May 30, 2006 and is headquartered in Lake Forest, IL.

Earnings data Q1 2021

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Earnings data Q4 2024

Pactiv Evergreen exceeds 2022 guidance but faces challenges in Q4

Pactiv Evergreen's Q4 2022 performance exceeded full-year guidance but faced challenges from inflationary pressures and volume declines, leading to restructuring actions in 2023.
The company's strengths in strategic focus areas, ESG efforts, and commitment to shareholder value position it well for growth and sustainability goals.
Challenges include inflationary pressures, softening demand, and restructuring costs, while opportunities lie in sustainability focus, growth strategies, and operational efficiency.
Guidance for 2023 includes adjusted EBITDA expectations, capital spending, and a focus on deleveraging, showcasing the company's resilience and strategic direction.

Pactiv Evergreen beats Q1 expectations, focuses on growth strategies

Pactiv Evergreen's Q1 performance exceeded expectations, with a focus on cost efficiencies and strategic actions for future growth.
While facing challenges from restructuring charges and external factors, the company is leveraging strengths in operational improvements and debt reduction.
Opportunities lie in optimizing margins, sustaining capital needs, and market positioning amidst changing consumer behaviors.
Overall, Pactiv Evergreen is navigating challenges to drive sustainable growth and maximize shareholder value in the long term.

Pactiv Evergreen reports solid Q2 results, focuses on sustainability

Pactiv Evergreen's Q2 performance reflects a focus on operational excellence, sustainability, and debt reduction. Despite challenges in volume and promotional activity, the company is optimistic about consumer resiliency and end market improvements. Strategic initiatives aim to drive growth and achieve sustainable returns.

Pactiv Evergreen excels in Q3, eyes growth amid challenges

Pactiv Evergreen's Q3 performance showcased robust growth in EBITDA and margin, driven by a value-focused strategy and operational excellence.
While challenges like managing cash costs and sustaining margin growth exist, the company's focus on sustainability and market adaptability positions it well.
Opportunities in leveraging sector improvements, consumer behavior changes, and EBITDA optimization present avenues for future growth and cash flow generation.

Pactiv Evergreen achieves record Q4 earnings, focuses on sustainability

Pactiv Evergreen reported strong financial performance in Q4 2023, driven by operational excellence and cost-saving initiatives. The company aims to enhance margins through footprint optimization and sustain growth through strategic reviews and productivity gains. Challenges include market dynamics and weather impacts, but opportunities lie in volume growth and operational improvements.

Pactiv Evergreen reports Q1 challenges, focuses on cost management

Pactiv Evergreen's Q1 performance reflects challenges from pricing pressures and cautious consumer behavior, with a focus on cost management and volume growth strategies.
Despite short-term liquidity challenges and anticipated expenses, the company is optimistic about navigating the dynamic landscape and driving EBITDA growth through cost-saving actions.
Efforts to insulate the business from material pricing volatility, enhance operational efficiency, and leverage the distribution network position the company for long-term success and financial stability.
The company's commitment to deleveraging, increasing liquidity, and executing its transformational journey in 2024 underscore its strategic focus on sustainable growth and operational excellence.

Pactiv Evergreen reports strong Q3 earnings, eyes growth through innovation

PTVE's Q3 performance reflects solid revenues and EBITDA, with a strategic focus on core operations and cost efficiencies.
The company's emphasis on innovation, sustainability, and market positioning presents growth opportunities despite sector challenges.
Guidance for 2024 underscores PTVE's commitment to financial discipline, operational improvement, and long-term value creation.

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Pactiv Evergreen Inc. engages in the manufacture, distribution, and merchandising of fresh food and beverages services. It operates through the following segments: Foodservice, Food Merchandising, and Beverages Merchandising. The Foodservice segment manufactures ready to eat products. The Food Merchandising segment includes protecting and attractively displaying food while preserving freshness. The Beverage Merchandising segment includes production of cartons for refrigerated beverage products. The company was founded on May 30, 2006 and is headquartered in Lake Forest, IL.

LAKE FOREST, Ill., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. Fabri-Kal's products include portion cups, lids, clamshells, drink cups and yogurt containers for the consumer packaged goods and industrial food markets. Approximately half of Fabri-Kal's sales are generated from fully compostable packaging products or fully recyclable packaging products.

Pactiv Evergreen Completes Acquisition of Fabri-Kal, a Leading Manufacturer of Foodservice and Consumer Brand Packaging Solutions

Pactiv Evergreen has lowered its full-year EBITDA guidance to $550 million, mainly on the back of raw material headwinds.

Pactiv Evergreen: Disappointing Guidance Update Adds To The Uncertain Outlook

LAKE FOREST, Ill., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”), today provided an update to its previous financial guidance. Pactiv Evergreen is revising the full fiscal year 2021 Adjusted EBITDA1 guidance to $550 million.

Pactiv Evergreen Revises Guidance for the Full Fiscal Year 2021

LAKE FOREST, Ill., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has reached a definitive agreement to acquire Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. The transaction, valued at approximately $380 million, subject to adjustments for cash, working capital and indebtedness, is expected to close late in the third quarter or early in the fourth quarter of this year, subject to regulatory approvals and satisfaction of other customary closing conditions.

Pactiv Evergreen to Acquire Fabri-Kal, a Leading Manufacturer of Foodservice and Consumer Brand Packaging Solutions

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Fresh food manufacturer Pactiv Evergreen Inc (NASDAQ: PTVE) has appointed Douglas Owenby as Chief Operations Officer, effective September 13. In newly created, standalone role, Owenby will be responsible for all Pactiv Evergreen operating functions globally.

Pactiv Evergreen Appoints Douglas Owenby As Chief Operations Officer

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q2 2021 Results - Earnings Call Transcript

Pactiv Evergreen Inc (NASDAQ: PTVE) reported second-quarter FY21 net revenue growth of 22.1% year-on-year, to $1.35 billion, beating the analyst consensus of $1.25 billion. Net revenues from the Foodservice segment rose 40.9% Y/Y, Food merchandising and Beverage merchandising increased 11%.

Pactiv Evergreen Records 22% Growth In Q2 Revenue; Warns Of Inflationary Pressures

Volume recovers from 2020 COVID-19 Impact. Inflation continues to pressure cost structure. Volume recovers from 2020 COVID-19 Impact. Inflation continues to pressure cost structure.

Pactiv Evergreen Reports Second Quarter 2021 Financial Results

LAKE FOREST, Ill., July 28, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen today announced that the Company has made the difficult decision to exit the coated groundwood paper business. As a result, the Company will permanently cease production of coated groundwood paper at its Pine Bluff, AR location. The Company will continue to strategically invest in the Pine Bluff mill, which will remain an essential facility in the Pactiv Evergreen operations network, serving the fiber-based beverage packaging market.

Pactiv Evergreen to Exit Coated Groundwood Paper Business Following Years of Market Decline

LAKE FOREST, Ill., July 19, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2021 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Second Quarter 2021 Financial Results

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q1 2021 Results - Earnings Call Transcript

Solid First Quarter Results Despite a Challenging Environment Solid First Quarter Results Despite a Challenging Environment

Pactiv Evergreen Reports First Quarter 2021 Financial Results

LAKE FOREST, Ill., April 20, 2021 /PRNewswire/ -- Pactiv Evergreen today announced the launch of a new annual program rewarding community engagement for employees and their families and supporting the company's commitment to sustainability.

Pactiv Evergreen Launches GiveBack, a New Program Rewarding Community Engagement for Employees and Their Families

LAKE FOREST, Ill., April 09, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2021 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules First Quarter 2021 Financial Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that John Rooney, President, Beverage Merchandising, will be leaving the organization at the end of June. Mike King, CEO of Pactiv Evergreen stated, “I want to recognize and express the company's gratitude to John Rooney for his leadership and countless contributions over his tremendous 30-year career with the organization. We wish John success in his future endeavors.” A search for a new President for the

Pactiv Evergreen Inc. Announces John Rooney, President, Beverage Merchandising, will be leaving the organization at the end of June

LAKE FOREST, Ill., March 16, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ:PTVE), a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons, today announced that Dhaval Patel has joined the company as Senior Vice President, Investor Relations and Strategy, effective March 16th, 2021.

Pactiv Evergreen Inc. Announces New Investor Relations and Strategy Leadership

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LAKE FOREST, Ill.--(BUSINESS WIRE)--Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that John McGrath has elected to retire as CEO of the company and has been succeeded by Michael King. Mr. King is a current member of Pactiv Evergreen's Board and has been serving since 2018 as CEO of Graham Packaging Company. Prior to joining Graham Packaging, Mike held senior leadership positions at FRAM Group, TI Automotive, Lear Corporation and Huhtamaki. He holds multiple Plastics Engineering degrees f

Michael King Appointed CEO of Pactiv Evergreen

LAKE FOREST, Ill., March 01, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ:PTVE), a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons, today announced the Company will participate in the BofA Securities 2021 Global Agriculture and Materials Conference on March 3 and 4, 2021. John McGrath, Chief Executive Officer, and Michael Ragen, Chief Financial Officer, will present on Thursday, March 4, at 3:00 p.m. ET.

Pactiv Evergreen Inc. to Participate in the BofA Securities 2021 Global Agriculture and Materials Conference

Did Pactiv miss earnings? Because Bank of America said it missed earnings.

Why Pactiv Evergreen Stock Ended in the Red Today

Pactiv Evergreen's (NASDAQ:PTVE) stock has been falling Thursday, down 14.79% to a price of $14.02. The stock's current volume for the day is 343.39 thousand, which is approximately 77.63% of its previous 30-day average volume of 442.34 thousand.

Why Pactiv Evergreen's Stock is Down During Today's Session

Solid Fourth Quarter Results Despite Ongoing COVID-19 Headwinds Solid Fourth Quarter Results Despite Ongoing COVID-19 Headwinds

News for Pactiv Evergreen Stock (PTVE)