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

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Pactiv Evergreen Inc. (PTVE) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.40 per share a year ago.

Pactiv Evergreen Inc. (PTVE) Misses Q2 Earnings and Revenue Estimates

Delivered on our commitments and achieved important milestone in Beverage Merchandising Restructuring

Pactiv Evergreen Reports Second Quarter 2023 Financial Results

Pactiv Evergreen Inc. (PTVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Pactiv Evergreen Inc. (PTVE) to Report a Decline in Earnings: What to Look Out for

LAKE FOREST, Ill., July 17, 2023 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2023 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Second Quarter 2023 Financial Results

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Pactiv Evergreen Inc, a packaging and container company with a focus on sustainability and recyclable products, has shown stable growth and revenue even during the pandemic. The company's high debt levels have been reduced over the years, and its fundamentals are safe. Pactiv Evergreen is a shorter-term value play with potential for modest multiple expansion, backed by a margin of safety and a strong dividend yield.

Pactiv Evergreen: Busted IPO Still Busted And Offering 5% Dividend Yield

LAKE FOREST, Ill., June 21, 2023 (GLOBE NEWSWIRE) -- Pactiv Evergreen announces that four of the Company's manufacturing facilities were recently awarded International Sustainability and Carbon Certification (ISCC) PLUS designation, three of which were recognized for the third year in a row. ISCC PLUS in an internationally recognized certification process for bio-based and circular (recycled) resins, which audits the supply chain from end-to-end.

Pactiv Evergreen Achieves ISCC PLUS Certification at Four North America Manufacturing Locations

Pactiv Evergreen Inc. (PTVE) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.12 per share a year ago.

Pactiv Evergreen Inc. (PTVE) Beats Q1 Earnings Estimates

First quarter 2023 performance exceeds guidance; Raising 2023 guidance First Quarter 2023 Financial Highlights: Net Revenues of $1,431 million for the first quarter of 2023 were down 4% compared to $1,495 million in the first quarter of 2022 and down 3% compared to $1,476 million in the fourth quarter of 2022. Net Loss of $133 million for the first quarter of 2023 compared to $43 million of net income in the first quarter of 2022 and $27 million of net income in the fourth quarter of 2022.

Pactiv Evergreen Reports First Quarter 2023 Financial Results

LAKE FOREST, Ill., April 17, 2023 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2023 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules First Quarter 2023 Financial Results

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q4 2022 Earnings Conference Call March 7, 2023 8:30 AM ET Company Participants Curt Worthington - Investor Relations & Strategy Michael King - Chief Executive Officer Jon Baksht - Chief Financial Officer Conference Call Participants Kieran De Brun - Mizuho Arun Vishwanathan - RBC Capital Markets George Staphos - Bank of America Ghansham Panjabi - Baird Anthony Pettinari - Citi Adam Samuelson - Goldman Sachs Ed Brucker - Barclays Kyle White - Deutsche Bank Curt Woodworth - Credit Suisse Operator Good day, and welcome to Pactiv Evergreen Incorporated Fourth Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Pactiv Evergreen Inc. (PTVE) Q4 2022 Earnings Call Transcript

Strong full year & fourth quarter 2022 results exceed guidance; will leverage scale with streamlined operations and realigned organizational structure Strong full year & fourth quarter 2022 results exceed guidance; will leverage scale with streamlined operations and realigned organizational structure

Pactiv Evergreen Reports Fourth Quarter 2022 Financial Results and Beverage Merchandising Restructuring Plan

LAKE FOREST, Ill., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced the following details for its fourth quarter 2022 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Fourth Quarter 2022 Financial Results

LAKE FOREST, Ill., Feb. 15, 2023 (GLOBE NEWSWIRE) -- To help major food brands achieve important sustainability goals, Pactiv Evergreen, a leading manufacturer of fresh food and beverage packaging in North America, is teaming up with AmSty, the leading manufacturer of polystyrene in North America and a pioneer in circular recycling of polystyrene. Pactiv Evergreen will soon offer customers innovative foam polystyrene packaging products with AmSty's post-consumer recycled content derived from advanced recycling technologies.

Pactiv Evergreen and AmSty Launch Circular Polystyrene Food Packaging Products

Pactiv Evergreen went public in September 2022, raising around $574 million in gross proceeds in an IPO. The firm provides a range of consumer and foodservice packaging products.

Pactiv Evergreen Continues Deleveraging Efforts As It Grows Breadth

LAKE FOREST, Ill., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“PTVE”) announced today the results of its indirect, wholly-owned subsidiary, Pactiv LLC's (“Pactiv”) previously announced tender offer (the “Tender Offer”) to purchase for cash any and all of Pactiv's outstanding 8.375% Debentures due 2027 (the “Notes”).

Pactiv LLC Announces Results of Its Debt Tender Offer for Any and All of Its Outstanding 8.375% Debentures Due 2027

For Any and All of Its Outstanding 8.375% Debentures due 2027 For Any and All of Its Outstanding 8.375% Debentures due 2027

Pactiv LLC Commences Tender Offer

LAKE FOREST, Ill., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“PTVE”) announced today the results of its indirect, wholly-owned subsidiary, Pactiv LLC's (“Pactiv”) previously announced tender offer (the “Tender Offer”) to purchase for cash any and all of Pactiv's outstanding 7.950% Debentures due 2025 (the “Notes”).

Pactiv LLC Announces Results of Its Debt Tender Offer for Any and All of Its Outstanding 7.950% Debentures Due 2025

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Dhaval Patel - Head-Investor Relations & Strategy Michael King - Chief Executive Officer Jonathan Baksht - Chief Financial Officer Conference Call Participants Thomas Digenan - Baird Arun Viswanathan - RBC Capital Markets Kieran De Brun - Mizuho Adam Samuelson - Goldman Sachs Mark Wilde - Bank of Montreal Kyle White - Deutsche Bank Bryan Burgmeier - Citi Operator Good morning, and welcome to Pactiv Evergreen Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Pactiv Evergreen Inc. (PTVE) Q3 2022 - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 28.57% and 2.15%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Tops Q3 Earnings and Revenue Estimates

Pactiv Evergreen Inc. (PTVE) Reports Next Week: Wall Street Expects Earnings Growth

Pactiv Evergreen is a leading U.S. food packaging manufacturer and distributor. It pays a 4.1% dividend yield.

Pactiv Evergreen: Heavy Debt Load Increases Risks

LAKE FOREST, Ill., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its third quarter 2022 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Third Quarter 2022 Financial Results

The mean of analysts' price targets for Pactiv Evergreen Inc. (PTVE) points to a 26% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Pactiv Evergreen Inc. (PTVE) Could Surge 26%: Read This Before Placing a Bet

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q2 2022 Earnings Conference Call August 4, 2022 8:00 AM ET Company Participants Dhaval Patel - Head-Investor Relations & Strategy Michael King - Chief Executive Officer Jon Baksht - Chief Financial Officer Conference Call Participants Arun Viswanathan - RBC Capital Markets Adam Samuelson - Goldman Sachs Kieran De Brun - Mizuho Securities Ghansham Panjabi - Robert W. Baird Kyle White - Deutsche Bank Bryan Burgmeier - Citigroup Inc. Andrew Scheffer - Onex Credit Partners George Staphos - Bank of America Operator Good morning, and welcome to the Pactiv Evergreen, Second Quarter 2022 Earnings Conference Call.

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