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

Earnings data Q3 2021

Earnings data Q4 2021

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.

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) 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.

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.

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q2 2022 Results - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 100% and 3.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Surpasses Q2 Earnings Estimates

Raising our 2022 Adjusted EBITDA guidance to reflect our strong year-to-date performance Returning to stronger operational performance Completed exit of Asia business and received preliminary proceeds of $336 million in August

Pactiv Evergreen Reports Second Quarter 2022 Financial Results

LAKE FOREST, Ill., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Evergreen Packaging International LLC, has completed the previously announced sale of its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Group Ltd.

Pactiv Evergreen Completes Sale of its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan

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LAKE FOREST, Ill., July 12, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2022 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules Second Quarter 2022 Financial Results

New PlantCarton Life school program features creative ways to repurpose cartons, encourages carton recycling, and helps inspire students' appreciation for plant-based packaging. New PlantCarton Life school program features creative ways to repurpose cartons, encourages carton recycling, and helps inspire students' appreciation for plant-based packaging.

Pactiv Evergreen Launches New PlantCarton Life School Program at School Nutrition Conference

Foodservice Operators Striving for Zero Waste Solutions Will Benefit from This Guide Foodservice Operators Striving for Zero Waste Solutions Will Benefit from This Guide

Pactiv Evergreen Introduces Its ‘Zero Waste Implementation Guide' as a Resource for Foodservice Operators

Patent-pending Fry Cartons are made from Pactiv Evergreen's Sentinel™ Paperboard, providing a fully integrated packaging solution to foodservice operators Patent-pending Fry Cartons are made from Pactiv Evergreen's Sentinel™ Paperboard, providing a fully integrated packaging solution to foodservice operators

Pactiv Evergreen Introduces Tamper Evident Fry Cartons to Its Offering of Innovative Packaging Solutions

LAKE FOREST, Ill., May 31, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced that Jonathan “Jon” Baksht joined the company as Chief Financial Officer, effective May 27, 2022. Mr. Baksht serves as a member of Pactiv Evergreen's Executive Leadership Team reporting to its President and Chief Executive Officer, Michael King. Mr. Baksht joins Pactiv Evergreen after having most recently served as Executive Vice President and Chief Financial Officer of Valaris Limited (“Valaris”), the world's largest global offshore drilling contractor.

Pactiv Evergreen Names Jonathan Baksht as Chief Financial Officer

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET Company Participants Dhaval Patel - Head-Investor Relations & Strategy Michael King - Chief Executive Officer Michael Ragen - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Chris Parkinson - Mizuho Arun Viswanathan - RBC Capital Markets George Staphos - Bank of America Adam Samuelson - Goldman Sachs Bryan Burgmeier - Citi Anojja Shah - BMO Capital Markets Kyle White - Deutsche Bank Ed Brucker - Barclays Andy Scheffer - Onex Credit Partners James Finnerty - Citigroup Operator Good day, and welcome to the Pactiv Evergreen, Inc. First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q1 2022 Results - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 20% and 5.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Q1 Earnings and Revenues Beat Estimates

LAKE FOREST, Ill., April 07, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2022 earnings release and teleconference call.

Pactiv Evergreen Inc. Schedules First Quarter 2022 Financial Results

LAKE FOREST, Ill., March 29, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that its wholly-owned subsidiary, Evergreen Packaging International LLC, completed the previously announced sale of its 50 percent interest in Naturepak Beverage Packaging Co Ltd to affiliates of Elopak ASA. Naturepak Beverage Packaging Co Ltd supplies customers in the Middle East and Africa region from manufacturing plants in Morocco and Saudi Arabia. Financial terms were not disclosed.

Pactiv Evergreen Inc. Completes Divestiture of Ownership Interest in Naturepak Beverage Packaging Co Ltd Joint Venture

Pactiv Evergreen Inc. (PTVE) CEO Michael King on Q4 2021 Results - Earnings Call Transcript

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 64.44% and 3.65%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Pactiv Evergreen Inc. (PTVE) Q4 Earnings and Revenues Surpass Estimates

Solid results as we execute our strategic priorities Solid results as we execute our strategic priorities

Pactiv Evergreen Reports Fourth Quarter 2021 Financial Results

Pactiv Evergreen will divest its carton packaging and filling machinery business in Asia to SIG Combibloc for an enterprise value of $335 million.

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