Berry Global Closes Out ‘Transformative’ Year
(Photo courtesy of Berry Global)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowEVANSVILLE, Ind – Evansville-based Berry Global Group Inc. (NYSE: BERY) has reported its fourth quarter and year-end results, calling 2019 a “transformative year” for the company.
The plastics wrap firm says fourth-quarter net income measured $229 million, compared to $133 during the same period a year ago.
For the fiscal year, which ended September 30, net income was $404 million, compared to $496 million in FY 2018.
In July, Berry closed on its $6.5 billion acquisition of United Kingdom-based RPC Group Plc.
“Our combination with RPC creates a global plastic and recycled packaging industry leader with the most diversified, unique, and expansive manufacturing footprint allowing us to further assist customers in meeting their goals by utilizing our superior design and engineering capabilities,” said Berry Chairman and Chief Executive Officer Tom Salmon.
During the year, Berry reorganized into four reporting segments: Consumer Packaging – International; Consumer Packaging – North America; Engineered Materials; and Health, Hygiene & Specialties.
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