Berry Global Achieves Record Net Sales in Fiscal 2021
Net sales grew by 22% and 18% in the quarter and fiscal year, respectively.
Berry Global Group Inc. recently reported its results for the fiscal fourth quarter and full year 2021, ended October 2, 2021. Net sales grew by 22% and 18% in the quarter and fiscal year, respectively.
“The strong performance throughout this fiscal year led to a net sales record of $13.9 billon along with 4% organic volume growth,” said Tom Salmon, chairman and CEO. “Adjusted earnings per share was up 20% versus the prior year coming in at a fiscal year record of $5.80 per share along with operating EBITDA of $2.2 billion. All of these strong financial metrics were delivered despite a challenging backdrop of significant cost inflation along with labor and supply chain challenges. My deepest thanks go to our 47,000 employees who delivered these terrific results in what was a challenging and unpredictable fiscal year. We believe that continued execution of growing organic volumes, leading the way in sustainability and innovative packaging while maintaining our leverage in the range of 3.0 to 3.9 times, on a go-forward basis, will deliver significant shareholder value.