PTVE Stock Recent News
PTVE LATEST HEADLINES
SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, has announced the acquisition of industrial assets from Pactiv Evergreen in the United States. This will expand the company's operations in North America and marks its entrance into the consumer and food service packaging segments in the region. The transaction is valued at US$110 million and includes two mills in Pine Bluff, Arkansas, and Waynesville, North Carolina, that manufacture liquid packaging board and cupstock. Sub.
LAKE FOREST, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that it has signed a definitive agreement (the “Agreement”) to sell its Pine Bluff, Arkansas, paper mill (“Pine Bluff”) and Waynesville, North Carolina, extrusion facility (“Waynesville”), to global paper and pulp producer Suzano S.A.
PTVE has been undergoing heavy restructuring and has experienced a decline in net revenue and net income in 2023, but has maintained strong adjusted EBITDA and free cash flow throughout. The firm has announced a new restructuring plan, illustrating its commitment to restructuring efforts that are expected to further enhance efficiencies and generate cost savings. Additionally, it has been actively cutting down on its debt, reducing its net leverage ratio from 7.63x to 4.07x. It has targeted to achieve a low 3s in 2024.
LAKE FOREST, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that the Company successfully completed the repricing and upsizing of its $990 million senior secured Term Loan B due September 24, 2028 (the “B-4 Term Loans”) and the subsequent prepayment of its $690 million senior secured Term Loan B due February 4, 2026 (the “B-2 Term Loans”).
Recently, Zacks.com users have been paying close attention to Pactiv Evergreen (PTVE). This makes it worthwhile to examine what the stock has in store.
Investors with an interest in Consumer Services - Miscellaneous stocks have likely encountered both Pactiv Evergreen Inc. (PTVE) and Mister Car Wash (MCW). But which of these two stocks presents investors with the better value opportunity right now?
Pactiv Evergreen Inc. (PTVE) closed the most recent trading day at $15.25, moving +1.67% from the previous trading session.
Zacks.com users have recently been watching Pactiv Evergreen (PTVE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Pactiv Evergreen Inc. (PTVE) settling at $14.14, representing a -0.7% change from its previous close.
LAKE FOREST, Ill., April 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2024 earnings release and teleconference call.