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Berry Global Group, Inc. (NYSE:BERY ) Q4 2023 Earnings Conference Call November 16, 2023 10:00 AM ET Company Participants Dustin Stilwell - IR Kevin Kwilinski - Chairman & CEO Mark Miles - CFO Conference Call Participants George Staphos - Bank of America John Roberts - Mizuho Phil Ng - Jefferies Gabe Hajde - Wells Fargo Anthony Pettinari - Citi Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Adam Samuelson - Goldman Sachs Niccolo Piccini - Truist Chris Perrella - UBS Matt Roberts - Raymond James George Staphos - Bank of America Operator Good day and thank you for standing by. Welcome to the Q4 2023 Berry Global Group, Inc., -- excuse me -- Earnings Conference Call.

Berry Global's (BERY) fourth-quarter fiscal 2023 revenues decline 9.8% year over year due to reduced demand in the consumer and industrial markets.

Berry Global Group Inc. BERY, +1.11% said Thursday it has raised its quarterly dividend by 10% to 27.50 cents a share. The plastics packaging company said the new dividend is payable Dec. 15 to shareholders of record as of Dec. 1.

Softer consumer and industrial market demand and lower selling prices are likely to weigh on Berry Global's (BERY) Q4 results.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Berry Global (BERY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2023.

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), will report its fourth quarter and fiscal year 2023 results on Thursday, November 16, 2023, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance. This call will be webcast live at the Company's website at https://ir.berryglobal.com/financials. A new, simplified event registration and access provides.

Berry Global (BERY) reaches a five-year PPA with ACCIONA Energia to power its four Mexican facilities with 100% renewable energy.

Berry Global operates in the stable and countercyclical plastic packaging sector. The company has been trading at a chronic, well-deserved undervaluation compared to the sector due to shareholder-unfriendly capital allocation. Three activist funds have decided to change the course of BERY, and a turnaround situation seems feasible.

Berry Global Group Inc. BERY, -2.63% said Friday it hired Citigroup Global Markets and Wells Fargo Security as advisers as it evaluates strategic alternatives for its Health, Hygiene and Specialties (HH&S) unit. Berry Global said it's considering a sale, strategic partnership or joint venture, spin-off to shareholders, or other separation transaction for some or all of the HH&S business.

Cost reduction actions and accretive acquisitions augur well for Berry Global (BERY). The company's shareholder-friendly policies are promising.