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Berry Global (BERY) reported earnings 30 days ago. What's next for the stock?
AMCR gets shareholder approvals for its combination deal with Berry Global, which is set to close by mid-2025.
BERY gains from strength across its businesses and a balanced capital allocation strategy. However, rising costs and expenses remain concerning.
ZURICH, Switzerland & EVANSVILLE, Ind.--(BUSINESS WIRE)--Amcor plc (“Amcor”) (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. (“Berry”) (NYSE: BERY) today announce that at their respective shareholder meetings, held yesterday, shareholders of both companies overwhelmingly voted to approve the combination of these two companies. This approval satisfies the shareholder vote condition for the combination, originally announced in November 2024. Together, Amcor and Berry will be among the global.
Approval marks another significant milestone towards combining these highly complementary businesses ZURICH and EVANSVILLE, Ind. , Feb. 26, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. ("Berry") (NYSE: BERY) today announced that at their respective shareholder meetings, held yesterday, shareholders of both companies overwhelmingly voted to approve the combination of these two companies.
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Evaluate Berry Global's (BERY) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
BERY's first-quarter fiscal 2025 net sales increase 2% year over year, driven by higher selling prices.
The headline numbers for Berry Global (BERY) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Berry Global (BERY) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.22 per share a year ago.