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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:08 EDTBERYBerry Plastics 10M share Block Trade priced at $23.70
Goldman acted as sole book running manager for the offering.
News For BERY From The Last 14 Days
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February 10, 2016
08:32 EDTBERYBerry Plastics raises FY16 EBITDA guidance, reaffirms adjusted FCF view
The company says, "Given the strong start to our fiscal year we are now increasing our operating EBITDA guidance for the 2016 fiscal year by $20 million to $1,180 million. The benefits we anticipated from the Avintiv acquisition are on track and exceeding initial estimates. Today, we are reaffirming our fiscal 2016 adjusted free cash flow guidance of $475 million assuming no significant impact from resin cost changes. The estimate includes cash flow from operating activities of $817 million less $285 million of net additions to property, plant, and equipment and the $57 million tax receivable agreement payment made in October 2015. A key priority remains debt reduction with a goal to lower our overall leverage by a half turn per year. Consistent with this goal, we have voluntarily used $150 million for early debt retirement since the start of the fiscal year in October 2015."
08:31 EDTBERYBerry Plastics reports Q1 adjusted EPS 35c, consensus 40c
Reports Q1 revenue $1.61B, consensus $1.65B.
February 1, 2016
08:45 EDTBERYBerry Plastics reinstating with an Outperform at Credit Suisse
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